DKM Microfinance Final payments to start on December 14

Jones Nathaniel Ansah said the payment which was scheduled to start on Monday, December 12, 2016, was delayed because Ghana Commercial Bank had not made funds available for the payment.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Principal Company Inspector for the official liquidator for DKM has revealed that customers who were validated manually will start receiving their money from Wednesday, December 14, 2016.

Jones Nathaniel Ansah said the payment which was scheduled to start on Monday, December 12, 2016, was delayed because Ghana Commercial Bank had not made funds available for the payment.

“The payment was supposed to start on Monday [December 12] but then as I’m talking to you I just had a call from PWC that they had a meeting with Ghana Commercial Bank and the bank indicated that because it wasn’t informed earlier, it wouldn’t be able to make payments on Monday.”

READ ALSO: Police seeks injunction to prevent demonstration by DKM customers

He added on Accra-based Citi FM that, “the last day of payment was made on the 8th of November 2016 and Ghana Commercial Bank said it is still finalising everything at the moment so the date of payment will probably change from Monday 12th December 2016 to Wednesday 16th December 2016.”

There are some customers of the microfinance company who could not find their names on the published list.

READ ALSO: 'I will retrieve your money from DKM' - Akufo-Addo

Meanwhile, Jones Nathaniel Ansah asked such customers to wait for the next batch of the list to be published at the various payment stations on Wednesday [16th December 2016].

The liquidator, however, explained that they will address concerns of customers who are unhappy with the amount they received as compensation.

READ ALSO: Agitated customers of DKM threaten to sue DKM

Thousands of customers of DKM Microfinance Company lost millions of cedis after they invested in the DKM Microfinance. This was because the Microfinance company invested into the unapproved venture and lost the funds.

The Bank of Ghana confiscated the assets of the company and subsequently liquidated the assets in order to give the clients the monies back.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Banking Sector UniBank takeover was ‘politically motivated’ – UCC lecturerbullet
2 Breaking News Bank of Ghana takes over Unibankbullet
3 In Sawla Businessman, girl shot dead by armed robbersbullet
4 uniBank Take Over Here are the reasons why BoG took over uniBankbullet
5 uniBank Takeover Meet all the Unibank Executives who will lose...bullet
6 Ponzi Scheme Thousands of Ghanaians lose millions to Savana...bullet
7 uniBank Take Over uniBank executives lose jobsbullet
8 Bauxite Mining Residents walk from E/R to Flagstaff House...bullet
9 Menzgold Ghana Don't deposit money with Menzgold – BoG...bullet
10 UniBank Takeover BoG says customers of UniBank will...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Money Alert Meet Africa's richest womanbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Entrepreneurship How to be resourceful as an entrepreneurbullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Plane Crash Starbow suspends operations following...bullet