More
    Advertisements
    •  
    •  
    •  
    •  
    •  
    •  
    •  

    DKM Managment blows customers’ deposits

    •  
    •  
    •  
    •  
    •  
    •  
    •  

    A Bank of Ghana audit report has revealed, managers of DKM microfinance invested depositors’ money totaling GH₵113 million in their personal businesses.
    The investigative report showed the company amassed GH₵113million in deposits but only GH₵10.7 million was left in its account after the regulator began checking their books.
    Investing depositors’ funds in the managers’ personal businesses is in clear breach of the central bank’s regulations.
    The current development places the financial institution in a difficult position to pay back monies collected from depositors.
    Agitations to pressurise the company to pay back the monies started September 2015, but DKM has been unable to raise the funds as directed by the Bank of Ghana.  DKMA frustrated client, Latif Dagama, at the prospect of getting 50% returns in his deposits, made a decision to work with DKM.
    “I have benefited GH2, 500 cedis from the deposit of GH5, 000. I was expecting to get another fifty percent interest for my fees but since then, I have not received anything,” the sentiments of a frustrated tertiary student.
    Brong Ahafo regional minister, Eric Opoku told Joy News’ Elton Brobbey, the Regional Security Council (REGSEC) has held several meetings with DKM officials, leaders of depositors and Bank of Ghana officials to find a solution to the crisis.
    After it was found that less than 10% of deposits remained, DKM clinched an agreement to raise GH₵50million in one month.
    “If they are able to provide the GH₵50m, BoG will clear them and this time around guide them to do their business,” the minister said.
    But after one month DKM pleaded for an extension by another month. The company failed to raise the money and REGSEC was forced to take them to court. But DKM lawyers secured bail for their client.
    The Brong Ahafo Regional Minister has expressed fears depositors may never get their monies back.
    “If we are not careful, our people will not get the money,” he said

    dkmmm

    Recent Articles

    Vessel Hijacked By Pirates Returns To Tema Port By Ghana Navy

    On Wednesday at about 1400 hours the Ghana flagged Tuna Purse Seine vessel called Panofi Frontier that was hijacked by suspected...

    MUSIGA Upper West Receives Food Items From National MUSIGA

    The Music Union of Ghana MUSIGA) Upper West Region has received food items which included bags of Rice, milk, sardines ,sugar etc. from the National Musiga on 17th June, 2020.....................................read full story here on Harmattangh.com

    Teroo’s Word:Dora Mwinteroo-Unsung Words of Peace

    Peace is unseen Away from touch Far from physical yet a priority “Take me for granted, keep me in your mind, Protect me like your own, throw me to the dogs, spread me like the mat you can step on, but during or after the storm, you will seek me” These are the unsung words of peace Unseen, away from touch Far from physical I remain a priority, take me or leave me, during or after the storm, intact or tattered, smiling or teary, you will seek me Take me not for granted”.....Listen up and download

    Prumas Board Chairman Meets The Press Ahead of the Launch of its 2020 Edition.

    The board chairman Muniru Ibrahim (Mr.IB) addressing the gathering after the short break, said its part of the new branding of the scheme to involve the press (entertainment show host) actively to help achieve the goal by spreading information on the scheme and also educating Musicians, fans and music lovers on the concept ,formats rules and regulations of the scheme, he said Entertainment show hosts of various media houses are now part of the scheme to assist the smooth running the Awarding scheme hence any call from them would be attended to......................read full story here on Harmattangh.com

    Wa: Life Again Gives Teen Mothers in Charia Lives Again

    Becoming a mother changes a woman’s life forever, what it also means is that you now have a child who depends on you for love and for a stable environment. Being a teenage mother is even more hard work others describes it as worse , as a lot of the time the young girls have not even grown up themselves. it’s based on this a non-Governmental organization Life Again on 4th July 2020 put smiles on the faces of teen mother in Wa –Charia (Wa Municipal in the Upper West Region of Ghana) to have life again.......read full story here on Harmattangh.com

    Related Stories

    Leave A Reply

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Stay on op - Ge the daily news in your inbox

    Advertisements