Some aggrieved customers of defunct Power Grounds Microfinance limited in the Upper East Region have given a Bolgatanga based law firm Afoko Talim and Associates a one week ultimatum to brief them on progress report of processes to retrieve their monies from the microfinance company.
Customers of the company who are unable to get their monies and interest due them as a result of the company’s inability to meet Bank of Ghana requirements leading to its closure resorted to legal action to get their monies.
The customers however say they are worried over the failure of their counsel to bring them up to speed on sales of assets of the microfinance company to pay them following a court ruling on the matter.
The aggrieved customers who took the microfinance company to court over a year ago to retrieve their monies stormed the chambers of lawyer Afoko to demand progress of settlements and that lawyer Afoko has failed to provide them with a progress report on the sales of assets of the company which was confiscated.
The customers in a letter addressed to lawyer Afoko gave him a week ultimatum to among other things provide them with the audit report with regards to the microfinance entity.
Leader of the distressed customers, Justice Ayidah who addressed the media in Bolgatanga shortly after presenting a letter to lawyer Afoko demanded for a timeline from the lawyer and the company on which monies due them will be paid.
“Third, that your client (Chief Executive Officer) of the entity informed us why he has not been able to honor payment of fifty percent (50%) of our investments as authorized by Economic and Organised Crime Office (EOCO) and the Bankof Ghana” the letter stated.
The letter further demanded that “you (lawyer Afoko) and your client CEO- Robert Atiah tell us when we are getting our monies”.
The group called on government to establish a commission of enquiry to unravel the rationale behind the crisis of microfinance companies in the country and have planned to stage demonstrations in the Kassena Nankana Municipality and some parts of the region to demand for their monies.
Meanwhile lawyer Afoko when contacted declined to speak to the press on the issue.
By: Joshua Asaah/A1radioonline.com/Ghana
