Customers of defunct Man Capital Microfinance, have called on the Receiver of the collapsed Microfinance, Savings and Loans and Finance House companies, Eric Nana Nipah, to work with managers of the company to gain access to the needed information, to fast track the payment of their locked up funds.
Their call follows the recent announcement by the Receiver that he does not have access to the books and records of some 35 resolved companies (including MAN Capital), with depositor claims worth approximately GHS252 million, and can therefore not pay their clients for now.
In a reaction to the Receiver’s pronouncements, some customers of MAN Capital, including Dr. Edem Sosu, have asked Mr. Nipah to be more forceful in securing the records and books of the affected companies.
“The information is available, if the Receiver needs help, the key stakeholders of MAN Capital are ready to provide information on the clients. But we believe the Receiver is not going all out because maybe there are some liabilities they don’t want to take on. But the document that guides their operation states that they should take on the liabilities and assets of the respective companies they take over.”
Charlene Lamptey, also a customer of the defunct company, lamented the impact of the situation on depositors.
“Had we received our monies like we were told Government was going to pay, I think that would have eased the burden on us. But now it’s like we didn’t get that, and things continues to get worse.”
Already, the Receiver has announced that about 96% of those who are owed have already been paid.
According to him, the work done so far shows that the total value of valid claims is GHS 5.4 billion.
Mr. Nana Nipah added that, about 98% of the claims will be paid in cash, while the remaining two percent will be paid through a combination of cash and bonds.