[ 2016-10-17 ]

DKM creditors receive locked up cash from today
At least 4000 creditors of DKM Microfinance are
expected to be paid their locked up deposits
today, as the Official Liquidator commences
payments.

According to the Official Liquidator, each of the
eight designated branches of GCB Bank is expected
to attend up to 500 customers every day till all
the payments are concluded.

“The eight selected branches of GCB Bank will be
attending to 500 customers each day. But one thing
that I want to urge the customers is that they
shouldn’t panic, the liquidation is a process
and as such, this instance is such a special not a
normal one. Whatever challenges that any customer
is likely to have may be forwarded to the Official
Liquidator,” Principal Company Inspector for the
Official Liquidator, Jones Nathaniel Ansah told
Citi Business News.

About seventy thousand customers have been
validated so far by the Registrar General’s
Department and due for payments.

The Official Liquidator however explains to Citi
Business News it is continuing with the process
and additional validated creditors will be equally
settled in terms of payments.

The operations of DKM Microfinance were suspended
over a year now for flouting some regulations in
the financial sector.

The development has led to may reactions from the
affected customers who have resorted to numerous
agitations to get their issues addressed.

Meanwhile the affected customers are still
apprehensive of the amounts that they will be
receiving at the bank.

The publication of the first batch of validated
creditors has been met with threats of court
injunctions, boycotts and a demonstration.

The Spokesperson for affected customers of DKM
Microfinance in Wa in the Upper West region, Fred
Kuuyine tells Citi Business News they are waiting
anxiously for the payments.

“We are anxiously gearing up for the payments
this morning. I am hoping that by the time the
banks opens, we the customers will be matching up
to the banks in our numbers,” he stated.

Mr. Kuuyine added, “We are anticipating that the
human resource may be insufficient for the huge
numbers, hence, they should be willing to work
late into the night if possible as the customers
may not accept any other explanation once
they’re at the premises of the bank for their
money.”

Responding to concerns over the expectations of
customers regarding how much would be paid, Jones
Nathaniel Ansah assured that such concerns would
be addressed by the Official Liquidator where
legitimate demands are made.

“This is the first batch of payments; as and
when we go on to sell the assets of the company,
we will definitely be paying more of the deposits
to the affected customers,” he remarked.

Source - Citifmonline

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