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DKM SAGA: Prez Mahama Says There Is Hope For Duped Customers
 
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28-Apr-2016  
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Scores of people in the Brong Ahafo Region who deposited immeasurable amount of monies with micro finance company DKM Diamond micro Finance, can now heave a sigh of relief as President John Mahama has assured them their monies could be retrieved.

The President believes when the clients follow laid down procedures carefully and register their claims with the Registrer General's department, as liquidation processes commence against the micro finance company,the over three thousand clients could be given 50% of their deposits back.

"There is hope for these DKM clients if they register their claims," President Mahama said on GBC's Radio B.A.R Thursday morning.

A liquidation processes have begun against DKM to defray the debt owed its defrauded customers.

The former BoG Governor Dr Henry Wampah told Parliament last month that because DKM could not pay back its depositors,the BoG had to liquidate the micro finance's assets.

Prior to the Central Bank putting a freeze on DKM's assets,the total deposit liabilities was GHS 115.2 million as against a cash flow of GHS 10.8 million hence the initiation of liquidation processes for its defrauded clients.

There have been several agitations by the affected depositors of DKM in the region as a way to get government's attention, but on his Accounting to the People's tour in the Brong Ahafo Region, President Mahama stressed that he believes there was some lapses on the part of BoG to regulate the activities of the now collapsed DKM Diamond Micro finance yet the swindled clients would get some monies.

"You know the Bank of Ghana is autonomous... It has a board that regulates its activities so lets all persuade them for there is hope".

On the part of Jastar Motors, Perfect Edge and God Is Love Fun Club, the president said those institutions were fun clubs aimed at helping their group members when the BoG contacted them so affected clients could take them on legally.

"even when the BoG wanted to lift the moratorium on their bank accounts,they pleaded with the bank to stop", President Mahama added.

He also advised that the people should be careful on similar clubs so they are not defrauded again.
 
 
 
Source: Emmanuel Henryson Okrah/PeaceFM Reporter B.A
 
 

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