The customers are angry over what they say is the deliberate attempt by the Official Liquidator to eliminate their names in the list of validated customers due to receive their monies.

The unhappy customers also tell Citi News’ Northern regional correspondent, Abdul Karim Nantongmah they are confident their action will ensure that they are duly catered for by the Registrar General’s Department (RGD).

“We were informed that our names will be released this week but we are just returning from the Regional Coordinating Council and nothing like that has been published. The situation is really affecting us negatively and we are heading to the court to seek the injunction,” one of the leaders asserted.

Another stated, “We are told we could access the list in the Upper West regional capital, Wa. Although there were two branches of DKM in Wa, as it stands now, only one branch has the names posted there and we are even worried whether to believe if the Official Liquidator engaged any other party in the processes so far.”

Official Liquidator publishes creditors’ list

The Official Liquidator, today, October 10, released the list of the first batch of creditors whose claims have been validated and due for payment.

Meanwhile a statement released by the Registrar General’s Department and copied to Citi Business News said, “Creditors whose names do not appear on the list of claims validated to date, are advised to contact the Official Liquidator’s Customer Service Units to be set up in the various Recipient Bank branches for further direction.”

It added, “Creditors should note that the list of validated creditor claims will be updated and supplementary lists would be posted as and when new creditor claims are agreed and validated.”

Wa DKM customers to boycott payments

In a related development, some customers of DKM in the Upper West region have intimated to Citi Business News plans of boycotting the payments scheduled for next week Monday.

The spokesperson for the customers’ union, Fred Kuuyine however explained that the decision will be agreed on after a meeting with the union’s lawyers.

“We are considering boycotting the payment of claims planned for next week Monday but for now we are engaging our legal advisors on the decision. We are of the view that the best the Official Liquidator could have done was to be frank with us regarding whatever that they have been able to obtain from the liquidation process,” he observed.

“We have not heard or read the OL putting anything forward indicating they are liquidating any assets belonging to DKM Microfinance,” Mr. Kuuyine further noted.

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By: Pius Amihere Eduku/citibusinessnews.com/Ghana

The post DKM customers seek injunction to stop payments appeared first on Citi 97.3 FM - Relevant Radio. Always.

According to the Registrar General, Jemima Oware, the said notice to discontinue the process was served after proceedings of the first creditors’ meeting on Tuesday, September 20, 2016.

“The injunction will not affect the liquidation process because it is going to be moved in just two days’ time. The notice also came at a time we were even done with the meeting,” she stated.

Madam Oware added, “This writ was taken without our knowledge so there was an order of interim injunction against us and basically the person is also one of the creditors of DKM.”

A customer of the DKM Microfinance secured an injunction to halt the proceedings for the first creditors meeting.

The basis was to secure a court notice for the Official Liquidator to pay customers their amounts plus interests.

Jemima Oware however tells Citi Business News payments will commence in the first week in October.

According to her, three local banks (GCB, ADB and Fidelity) have so far been contacted to facilitate the payments.

Hundreds of customers of DKM Microfinance Company Limited on Tuesday (September 20, 2016) converged on the Sunyani Coronation Park in the Brong Ahafo region for the first of three creditors meetings.

The meetings will end in the Upper West region on Saturday, September 24, 2016.

Also, the number of validated customers has increased from the 70,000 to an estimated 90,000.

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By: Jessica Ayorkor Aryee/Pius Amihere Eduku/citibusinessnews.com/Ghana

The post ‘Injunction’ won’t affect DKM liquidation – Official Liquidator appeared first on Citi 97.3 FM - Relevant Radio. Always.

The concerns come barely twenty-four hours to the first of three creditors’ meeting scheduled by the Official Liquidator.

The Official Liquidator is set to meet the 70,000 customers validated for payment of their locked up investments, via three separate creditors’ meetings across the country.

The first meeting comes of tomorrow, Tuesday, September 20, 2016 at the Brong Ahafo regional capital, Sunyani.

But the spokesperson for a group of the concerned customers in the region, Maxwell Mahama tells Citi Business News the members are unsatisfied with the means of communication.

According to him, they are forced to rely on some media reports and ‘unconfirmed’ messages on social platforms.

“As I talk to you now it is only whatsapp messages and some statements circulating that do not bear the signature of the Official Liquidator,” he remarked.

But responding to the concerns, the Acting Registrar General and Official Liquidator, Jemima Oware explained that the medium of communication could only be done through the nationwide circulated newspapers and online platforms.

“We have published the information in the national news papers… there are about 63,000 to 70,000 creditors; as such we cannot be able to call them up individually. So once we are aware that the media has been able to get wind of the information, we consider it circulated. And we equally expect them to inform other creditors,” she explained.

Mrs Oware further disclosed the iterinary for each of the three occasions as,

“Basically it is the first creditors meeting where we will be providing all the creditors with the requisite information on the liquidation.”

“We will be informing them on schedules in relation to when and how much and how many people will be paid so we urge all the creditors to be present,” she added.

Meanwhile the representatives of the aggrieved customers have assured of their continuous co-operation with the process to get their issues addressed.

“Those of us who have heard the information on the meeting will certainly be there to listen to what the Official Liquidator has in store for us,” Maxwell Mahama stated.

“We are more than prepared to meet the Official Liquidator on the 24^th of September at the scheduled venue,” Fred Kuuyine, Spokesperson for some affected customers of DKM in the Upper West region opined.

The two other creditors’ meeting are expected to be held at the Jubilee Parks at Upper East (Bolgatanga) and Upper West (Wa) on the 22^nd and 24^th September respectively.

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By: Pius Amihere Eduku/citibusinessnews.com/Ghana

The post DKM customers bemoan ‘official’ correspondence ahead of meeting appeared first on Citi 97.3 FM - Relevant Radio. Always.