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Over 70,000 DKM Customers To Be Reimbursed

Customers of DKM Diamond Microfinance Limited are expected to receive their locked up investments by the end of September.

The payment of the locked up investments by the aggrieved clients of the microfinance company will be done by the Registrar-General’s Department, the official liquidator of DKM.

Over 70,000 customers, according to reports, have been validated to receive their locked up cash and that two local banks have been contracted to make the payments from September ending.

The Registrar-General’s Department had revealed in a statement earlier that it had as at July, 2016 collated approximately 63,000 depositor claims.

Customers of DKM had their cash locked up following the Bank of Ghana’s move in 2015 to stop the company from operating over concerns that it was violating the microfinance regulations.

The balance sheet of DKM as at May 11, 2015 showed its net liability stood at negative 21 million Ghana Cedis.

Hundreds of customers of DKM have over the months hit the streets over their locked up cash while others have threatened to vote out President John Mahama if he is unable to ensure their locked up cash are paid.


Source: radioxyzonline.com

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