Another batch of payments is underway for customers of the defunct DKM Diamond Microfinance Company. The Registrar General’s Department, which is the official liquidator, has tasked Pricewaterhouse Coopers to execute the payments. Initially, payments made to clients did not exceed GHS3,500, but this has been reviewed. Customers who invested below or up to GHS10,000 will … Read more
The second round of payment of the outstanding claims for over 41, 000 depositors of DKM Diamond Microfinance Company started yesterday, Monday, December 19, 2016. This follows the completion of manual validation of the claims by the contracted firm, Price Water House Coopers, PWC. The Official Liquidator thus last week released the new list of … Read more
Customers of the defunct DKM Diamond Microfinance Company in Bolgantanga, Upper East Region were forced to stop the liquidation exercise at the Ghana Commercial Bank on Wednesday, October 19 after receiving payments of GH¢10 and GH¢20 as compensation. The customers claim the payments are a slight to them, having invested between GH¢2,000 and GH¢200,000. According … Read more
An Accra Circuit Court judge yesterday expressed anger at accused persons who are standing trial in the DKM Diamond Microfinance Company case for failing to regularly appear before the court. According to trial judge, Aboagye Tandoh, the accused persons-Martin Kuudening Delle, Chief Executive Officer (CEO) of DKM, Monica Afriyie, aka Maame Korkor and Nortey Noel, … Read more
The repayment process for depositors of defunct DKM Diamond Microfinance Company has been deferred to the second week of October. This is due to logistical challenges the auditors, Price Water House Coopers have encountered in the processing of claims for payment. The Registrar General’s Department is therefore unable to commence the repayment process in the … Read more
“… Things are never as complicated as they seem. It is only our arrogance that prompts us to find unnecessary complicated answers to simple problems.” The preceding words by Professor Muhammed Yunus, a nobel laureate and the originator of the microfinance concept, could not have been more sensible. More often than not the solution to … Read more