Microfinance company Diamond Capital has stated it has no links with DKM Diamond Microfinance.
[contextly_sidebar id=”rtIS9ECUM4rlz5j09lBbJnoTHU2s404k”]According to the Managing director of diamond capital Selasie Woanyah ‘ the Board of Directors and Management of Diamond Capital Ltd and DCI Microfinance Ltd wish to dissociate the companies from a company called DKM Diamond Microfinance which is headquartered in Sunyani.’
DKM Diamond Microfinance made news yesterday, May 11th, 2015 after it was shut down by the Bank of Ghana for violating the banking Act.
The company which began operations in 2005 and headquartered in Sunyani according to the Bank of Ghana carried its operations in a manner that was detrimental to the interest of depositors and has suspended its operations for three months.
The similarity in the names pushed some industry players to link Diamond Capital Ltd with DKM diamond microfinance ltd in the ongoing saga.
But Diamond Capital Microfinance in a press statement said it has no links with DKM diamond finance.
‘Diamond Capital Microfinance is an Accra based company that was licensed by the Bank of Ghana in October 2012 and currently operates ONLY in the city of Accra at its approved Head Office in Asylum Down and two branches in Abossey Okai and GB Ollivant Arcade in the Central Business District of Accra’.
According to the company it has not been sanctioned by the Bank of Ghana.
‘We wish to assure our cherished customers and the general public that Diamond Capital Microfinance has not been sanctioned by the Bank of Ghana or the Financial Intelligence Centre and continues to provide its services in the safe, secure and professional manner which has become the hallmark of our company and a reference point for the entire non-bank financial services industry’.
The statement further added that Diamond Capital Microfinance Ltd has no legal or commercial relationship with DKM diamond microfinance.
‘we wish to state that Diamond Capital Microfinance Ltd has no legal or commercial relationship whatsoever with DKM Microfinance Ltd in Sunyani. In addition, Diamond Capital Microfinance has never at any point in the past or present had any legal or commercial relationship with DKM Microfinance Ltd’.
By: Vivian Kai Lokko/citifmonline.com/Ghana