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Business News of Monday, 10 October 2016


DKM customers to receive refunds today

File photo: DKM customers at the office premises File photo: DKM customers at the office premises

The official liquidator of DKM Diamond Microfinance will today make official, the names of first batch of customers whose claims have been agreed and validated in the liquidation process.

This will pave way for the payment of parts of their locked up investment at designated Banks.

Over 70,000 customers of DKM Microfinance have so far been validated by the Official Liquidator for payments to be made.

Acting Registrar General, Jemimah Adjare said payment is not going to be made into their accounts but rather over the counter.

"Payment will be made over the counter. There is going to be a dedicated cage for DKM creditors who will be verified and whatever amount that would be paid to you will be done electronically and accessed by the branches we paying these monies. We just want to make the burden easier on them".

Customers who have had their investment locked up can from today also check whether they can receive their investment back.

DKM was forced to suspend operations last year after violating the Banking Act.