Customers of Microfinance company DKM Diamond are expected to start receiving their deposits from next month.
It follows the completion of works by PWC, the firm appointed by the Registrar-General to review the assets of DKM that can be sold to pay the customers of DKM.
The Registrar General’s Department will however from today, September 20, 2016 begin the process of engaging customers of this company on how the payment will be done.
This meeting will be held at the Sunyani Coronation Park in the Bong Ahafo region.
Acting Registrar General, Jemima Oware tells Joy Business the list of all the creditors of DKM Diamond will be out by the end of this month.
This will pave the way for the payment to start from the beginning of next month, she said, adding that payment will only be made to those who have been identified as the true customers of DKM.
“The payment will definitely start from the early part of October, our consultants are proving the claims so we are not going to get fraudsters getting monies that are not due them.
“We have claims that have been put in and we are cross checking on the servers, so if your name is not in there or there isn’t a document to validate that you are the rightful person, you will not get your claim,” she said.
Not everyone is excited about the news. Although some customers of DKM welcomed the development, others are insisting that they want all the monies to be paid to them.
Last year, the Bank of Ghana moved to stop the company from operating over concerns that it was violating the microfinance regulations.
The Finance Minister, Seth Terkper recently disclosed to parliament that, management of the Sunyani-based embattled DKM Diamond Microfinance Ltd diverted about ?77 million of customers’ deposits into its other subsidiaries.
The minister maintained that, an investigation conducted by the Financial Intelligence Centre revealed that the company collected ?115.2 million from customers but had only ?10.8 million in its accounts at the time of investigations.