The Official Liquidator for DKM micro finance company, the Registrar General’s Department has denied reports that it has put on hold indefinitely the payment of locked up investments of validated DKM customers.
The department has on several occasions postponed the payments citing administrative challenges for the delay.
[contextly_sidebar id=”CNBV5JQydZDFFJXll5ksV2unj3bKJAKF”]The department was scheduled to commence payments yesterday 14th December, 2016 but postponed it to a later date – Monday 19th December 2016.
The department however yesterday, released the amended list for payments which will cover over forty thousand customers across all Regions in the country that were affected.
Principal Company Inspector for the Registrar General’s Department, Jones Nathaniel Ansah speaking to Citi Business News on the matter said ‘’the reports of the suspended payments of the DKM customers are not true, as I am talking to you a press release is ready stating that the second part of payment is to commence on Monday 19th December’’. Mr Ansah said.
‘’ The press release will be circulated tomorrow so as I said the reports of the suspended payment is not true.’’ He added.
President elect urged to retrieve investments
Early this week customers of DKM microfinance urged President elect of Ghana, Nana Akufo Addo to live up to his promise of getting their locked up investments refunded.
According to them they voted massively for Nana Akufo Addo based on his campaign promise to retrieve their monies for them.
Spokesperson for the DKM customers in Tamale, Mohammed Ibn Issaka said they believe the matter will be addressed by Nana Akufo Addo in accordance with his promise to retrieve their monies.
‘’ Currently we wish Nana Addo well as he takes office in January 7th we wish him well and we just want to remind him of the promises he gave us. Infact Nana Addo received massive endorsement from most of the DKM customers in the country. He was voted for because of the promise he gave us. We only have the hope that he will be able to fulfill his promises and not fail us.’’
The customers are also demanding an investigation into the root cause of what led to the closure of DKM and other microfinance companies.
‘’He shouldn’t look into only the DKM issue. He should also look into others like God is love, A little Drop and Care for humanity. There are several microfinance companies in Brong Ahafo Region that the Bank of Ghana closed down. God is love in particular won many cases against the Bank of Ghana and yet they refused to release the money to them and now the customers of God are love and DKM are the ones paying for it”. Mohammed stressed.
Woes of DKM customers
Thousands of customers of DKM Microfinance Company lost their investments running into millions of cedis after the central bank in 2015 suspended the operations of DKM for violating the banking Act.
Though the central bank subsequently lifted the ban on the company’s operations, DKM was unable to pay its customers their locked up cash.
The Bank of Ghana confiscated the assets of the company and appointed the Registrar General’s Department to commence liquidation process to refund customers of the company.
By: Anita Arthur/citibusinessnews.com/Ghana