Tag: DKM
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DKM customers seek injunction to stop payments
Some customers of DKM Microfinance in the Northern regional capital, Tamale, are seeking to place an interlocutory injunction on the payments of depositor claims scheduled for next week Monday, October 17, 2016. The customers are angry over what they say is the deliberate attempt by the Official Liquidator to eliminate their names in the list…
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Official Liquidator releases list of validated DKM creditors
The Official Liquidator has disclosed that payments to creditors of DKM Microfinance are set to commence on Monday, October 17, 2016. A statement released by the Registrar General’s Department and copied to Citi Business News said, “There will be payment of dividends to unsecured creditors of DKM Diamond Microfinance Limited (hereinafter called ‘DKM’) whose claims…
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Gov’t interference in DKM acceptable – World Bank Executive
The Global Lead for Credit Infrastructure at the World Bank, Mahesh Uttamchandani has described as acceptable , government’s intervention in the DKM microfinance scam to help customers get back their investments. According to him, unlike corporate private entities, an insolvency involving financial institutions like DKM, have larger societal impact which have dire economic implications. “A…
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DKM customers express mixed views over refunds
Customers of DKM Microfinance expecting refunds of their locked up investments have lauded the progress of work by the Official Liquidator. Some of the customers tell Citi Business News the move comes as a great relief despite the length of time it has taken to get access to their monies. “In fact I can say…
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‘Injunction’ won’t affect DKM liquidation – Official Liquidator
The Official Liquidator of DKM Microfinance Company Limited has told Citi Business News that the process of liquidation will not be affected by the injunction from one of the affected customers of the company in the Brong Ahafo region. According to the Registrar General, Jemima Oware, the said notice to discontinue the process was served…