Tag: DKM
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DKM creditors cry foul over bribe allegations
Validated customers of DKM Microfinance Company have accused officials of the Ghana Commercial Bank as well as security personnel at the payment centers of demanding bribes before paying them their locked up investments. According to the customers, the officials in question demand between GHC200 and GHc500 before paying customers their locked up cash. Spokesperson for…
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GARIA renews call for insolvency laws
The Ghana Association of Restructuring and Insolvency Advisors, GARIA, is hopeful that the seventh Parliament to be inaugurated in January 2017, will facilitate the passage of the insolvency law to protect businesses from collapse. It follows the inability of the current Parliament to pass the law. GARIA, has expressed concerns over Ghana’s Companies Code describing…
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Final DKM payments starts on December 14th – Official Liquidator
Payments for DKM customers who were validated manually are expected to commence on Wednesday 14th December, 2016. This is the assurance from the Principal Company Inspector for the Official Liquidator for DKM, Jones Nathaniel Ansah. According to him, the December 14th date was arrived at after the initial December 12 date was rescheduled. “The payment…
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Final DKM creditors’ list comes out on Tuesday – Official Liquidator
The long awaited list of validated DKM customers who have not received any payment of their locked up cash is to be released tomorrow, 6th December, 2016. This is according to the Registrar General’s Department who is the Official Liquidator for DKM Microfinance Company. According to the Official Liquidator, the list will be posted at…
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‘Unsatisfied’ DKM creditors to be paid soon
Validated creditors of DKM Microfinance who were paid below the minimum amounts received so far are to be paid their respective locked up investments soon. This is the assurance from the Official Liquidator for the company. Some customers were angry with the Registrar General’s Department after being paid as little as 10 or 20 cedis…
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Official Liquidator for DKM begins ‘extra’ payments today
Creditors of DKM Microfinance Limited who were not paid in the first week of payments, are expected to receive their investments from today. This is according to the Principal Company Inspector for the official liquidator, Jones Nathaniel Ansah According to him “some of those who have so far not received any payment are getting their…
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Customers threaten to disrupt DKM payments in Bolgatanga
Over 300 validated creditors of DKM Diamond Microfinance in the Upper East Region, have threatened to disrupt the payment process at the Bolgatanga branch of the GCB Bank on Tuesday, if they are not paid their investments today. The agitations follow the inability of the representative of the Official Liquidator at the bank, to complete…
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DKM customers pleased with amounts received from Official Liquidator
Customers of DKM Microfinance have expressed mixed reactions over the payments of their locked up cash by the Official Liquidator. Payments for the first batch of validated creditors commenced this morning at the eight selected branches of GCB Bank. Citi Business News understands that at least 4000 customers will be paid each day starting from…
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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…
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DKM customers abandon court injunction plan
The aggrieved customers of DKM Microfinance in Tamale, seeking an injunction over payments scheduled for next week Monday [October 17, 2016], have abandoned the move to hit the courts. The customers, on Monday [October 10, 2016], initiated processes for an injunction to halt the payments of monies to validated creditors. They argue that there is…