Tag: Eric Nana Nipah
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Receiver issues ultimatum for customers of collapsed MFIs to submit claims
Customers of the collapsed 347 microfinance companies who could not submit their claims for their locked-up funds have been granted more time to do so by the receiver, Eric Nana Nipah. According to a notice issued by the receiver, the customers now have up to Friday 27th September 2019 to submit their claims for validation.…
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Customers of collapsed S&Ls must submit claims by close of day — Receiver
Customers of the savings and loans companies, as well as Finance Houses that recently had their licenses revoked, have until close of the day to submit documents needed to be reimbursed their locked up deposits or investment. The receiver of the collapsed financial institutions, Eric Nana Nipah of the Pwc had earlier published that customers…
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High Court advises Receiver to stay off GN Savings and Loans
The High Court has advised lawyers for the Bank of Ghana not to undermine the current injunction suit against the revocation of the license of GN Bank. The judge justice Koomson who gave the caution said the due to the pending application, all action or processes being undertaken must be put on hold till a…
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Uniklife Microfinance to begin payment of depositors today
Customers of UnikLife Microfinance in Takoradi will today heave a sigh of relief as managers of the company begin the payment of their deposits. Some 900 accounts will be paid through a process supervised by the receiver of the collapsed microfinance companies, Eric Nana Nipa. UnikLife Microfinance was one of the companies declared insolvent and…
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UnikLife Microfinance to refund depositors funds from tomorrow
UnikLife Microfinance has agreed with the receiver of the collapsed microfinance companies, Eric Nana Nipah, to allow the company declared insolvent to begin the process of paying off all depositors’ funds. The Bank of Ghana in a recent move aimed at cleaning up the microfinance sector of the economy added UnikLife to the list of…
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Collapsed MFIs: More depositors to be paid this week — Receiver
More customers of the 347 microfinance companies that had their licenses revoked on May 31, 2019, will be paid this week, the receiver appointed by the Bank of Ghana has revealed. The receiver, Eric Nana Nipah — a Partner at PwC, speaking on the Citi Breakfast Show on Monday morning admitted that claims payments to…
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GH¢90m to be paid to customers of collapsed microfinance companies — Receiver
The receiver of the 347 microfinance companies collapsed by the Bank of Ghana in May has said it will soon pay claims of about GHS90 million to customers of the affected institutions. Eric Nana Nipah, who was appointed Receiver by the central bank, stated that the payments were made after the claims were verified. Mr.…
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Receiver directs depositors, etc to file claims by September 12
Persons who have deposits with the collapsed Savings and Loans companies and finance houses have the next four weeks to submit their claims to the Receiver for payment of their claims. A statement issued by the Receiver, Eric Nana Nipah said that the move will, however, be subject to validation for the scheduled period. The…
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Customers of collapsed microfinance companies to start receiving locked deposits today
The Bank of Ghana’s appointed receiver for the 347 collapsed microfinance companies, Eric Nana Nipah, will today start paying depositors whose claims have been validated and agreed. This follows the release of funds by the Government to the Receiver. A release issued by the receiver said over 420 personnel have been deployed across the country…
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Microfinance clean-up: Receiver to pay creditors within a month
All persons entitled to claims from any of the collapsed microfinance companies should expect payment at least from the next one month. It will however follow the completion of validation for such claims by the Receiver, Eric Nana Nipah of PricewaterhouseCoopers (PwC). The latest directive was contained in a statement issued by Mr. Nipah. Per…