The second creditors’ meeting with customers of DKM Microfinance company is underway at the Upper East regional capital, Bolgatanga.
The meeting is among other things expected to outline the progress of work by the Official Liquidator on the liquidation process and indicate the date payments will begin.
The Registrar General’s Department was served with a court injunction notice earlier by a DKM creditor in the Bono Ahafo region to stop the Official Liquidator from paying DKM customers.
But the Acting Registrar at the Registrar General’s Department Jemima Oware tells Citi Business News the meeting will take place as scheduled.
“As far as I’m concerned it will come on. We are still on course and carrying on with our work. There is no order banning us from carrying on with our work in Bolga or in Wa,” she said.
She explained that the Registrar General’s Department took the initiative to travel from Accra to the Upper East region to show demonstrate its commitment to solving the issue.
“Basically we are going to meet with the creditors of DKM. We have come from Accra to be closer to them due to humanitarian reasons. We don’t expect them to travel all the way to Accra,” she noted.
“We are going to meet them at the Jubilee Park at 10a.m and we will basically tell them what we have been doing so far and the assets we have realized. Also how the payment will take place. In the first week of October, we start payment,” she said.
Investigations by PWC underway
Meanwhile, the Registrar General’s Department has told Citi Business News investigations are underway to confirm the exact number of DKM customers whose cash are locked up with the company.
This follows reports by auditing firm, PriceWaterhouseCoopers, indicating a possible rise in the number of affected creditors from 70,000 to about 93,000.
Though PwC is expected to come out with the right findings by next week, the Acting Registrar General Jemima Oware told Citi Business News investigation is underway to ascertain the exact number of creditors.
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By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana