Tag: Eric Nana Nipah
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Ex-staff of defunct MFIs and S&Ls to be paid after outstanding issues are resolved – Receiver
The Receiver of the 347 defunct Microfinance companies, 23 Savings and Loans and Finance Houses, Eric Nana Nipah says money to pay ex-staff is available, but payment can only be done when issues raised by the ex-staff and their representatives are resolved. He made the comments on Citi TV‘s Current Affairs program The Point of…
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MAN Capital customers urge Receiver to do more to secure their records for early payment
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…
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Locked up funds: More than 13,000 microfinance, S&L customers paid – CBG
The Consolidated Bank, Ghana, says the process to pay customers of defunct microfinance companies, savings and loans companies and finance houses has been smooth. According to the bank, as of Friday, February 28, 2020, over 13,000 customers had been paid fully. The bank added that the number of customers paid includes 490 companies, 581 social…
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Receiver to pay all customers of defunct Microfinance, S&Ls firms by March ending
The receiver of the collapsed microfinance companies, savings and loans, and finance houses, has assured that all affected depositors will receive their locked up investments by end of March this year, after payment processes started on Monday, February 24, 2020. The deadline follows a promise by President Akufo-Addo during the State of the Nation Address…
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Financial sector clean-up: Micro finance, S&Ls customers to access deposits from today
Customers of the collapsed microfinance, savings and loans and finance houses will from today, Monday February 24, begin to access their full locked-up funds, the receiver Eric Nana Nipah has confirmed to Citi Business News. The customers of the 347 microfinance companies, 23 savings and loans and finance houses, as well as 39 micro-credit institutions…
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Receiver, auctioneers strictly enforce payment time for auctioned vehicles
Persons interested in bidding for the confiscated vehicles of the collapsed Microfinance and Savings and Loans companies, should be ready to comply with the two hour ultimatum to make payments should they win any bid. This is the indication from auctioneers and representatives of the Receiver, Eric Nana Nipah. The caution follows an experience where…
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Receiver auctions cars to pay off depositors of collapsed S&Ls, microfinance companies
Auction is underway for vehicles and motorbikes of collapsed microfinance and savings and loans companies. The exercise, which is being carried out at the college of physicians and surgeons, is part of measures to defray monies owed the affected customers of the collapsed financial institutions. The Bank of Ghana in May and August last year…
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Receiver increases amount to be paid to customers of collapsed microfinance, S&Ls
The receiver for the collapsed 347 microfinance companies (MFCs) as well as 23 savings and loans and finance houses, Eric Nana Nipah has stated that depositors can now access up to GH¢20,000 of their locked-up funds. Mr. Nipah early on in the receivership process announced that only depositors with validated claims below GH¢10,000 will be…
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96 branches of microfinance companies in receivership open for business
About 100 branches of the 347 microfinance companies that were placed into receivership by the Bank of Ghana are still open for customers of these defunct institutions to either make their claims for locked funds or repay their existing loans. A notice issued by the receiver stated that effectively the receiver will stop operating from…
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Receiver grants new lifeline to customers of collapsed S&L, finance houses to file claims
Depositors and creditors of the 23 collapsed savings and loans companies and finance houses who could not submit their claims have been granted another lifeline to do so — they now have up to October 18, 2019, to file their claims. A statement issued by the receiver on Monday, October 7, 2019, said: “The Receiver…