Vision1 FM                       Light FM                         Light TV

DKM victims receive refunds today

The payment of monies owed clients of the defunct DKM Diamond Microfinance Limited at Wa in the Upper West Region begins today, Monday May 15.

Close to 3,000 clients have been validated to receive their locked-up cash, and the GCB Bank Limited at Wa has been contracted to make the payments.

The reimbursements will take place from Monday, May 15 to Friday, June 2 for Wa, Nandom, and Wapaani customers.

Over 70,000 customers had their investments running into millions of cedis locked up with DKM and other sham microfinance institutions after the Bank of Ghana’s move in 2015 to stop them from operating over concerns that they were violating microfinance regulations.

The balance sheet of DKM as of May 11, 2015 showed its net liability stood at negative GHS21million.

Some victims allegedly committed suicide while others died as a result of the loss of their investment. The immediate past government started processes to reimburse the victims in phases. Some payments have been made so far. DKM was incorporated on 3 April 2013 and was licensed by the Bank of Ghana as a tier two microfinance company on 25 October 2013.

 

 

 

 

 

 

 

 

 

Source: classfmonline.com

Advertise

 

 

 

 

 

More News..

Better luck next time - Akufo-Addo to Starlets Better luck next time - Akufo-Addo to Starlets 2017-05-29 - President Nana Addo Dankwa Akufo-Addo has consoled the Black...
Nana Addo would have suffered a coup if not for democracy - Anyidoho Nana Addo would have suffered a coup if not for democracy - Anyidoho 2017-05-29 - A Deputy General Secretary of the opposition National Democratic...
3 Ivorians arrested for dealing in fake currency 3 Ivorians arrested for dealing in fake currency 2017-05-29 - The police in Pokuase have arrested three persons suspected to...
Asante Kotoko sweating over the fitness of hero Baba Mahama Asante Kotoko sweating over the fitness of hero Baba Mahama 2017-05-29 - Asante Kotoko will be hoping that the injury picked up by hero...
NDC executives threatened with Antoa NDC executives threatened with Antoa 2017-05-29 - A youth group in the opposition National Democratic Congress...
Togolese Forces attempt Ghana entry over robbery attack Togolese Forces attempt Ghana entry over robbery attack 2017-05-29 - Togolese armed security forces last week made a rare attempt...
Christian Atsu undergoes minor knee surgery Christian Atsu undergoes minor knee surgery 2017-05-26 - Ghana winger Christian Atsu is reported to have undergone a minor...