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Angry Diamond Winners Customers Appeal To Prez Mahama, Fault State Institutions

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After appealing to the Bank of Ghana to intervene on their behalf, angry customers of Diamond Winners Microfinance Limited in the Upper East Region are accusing the financial regulator of failure to halt the operations of the company in due course.

According to them Bank of Ghana’s inability to regulate and supervise the operations of the microfinance company resulted in the over one thousand customers losing their investments totaling up to about GH¢ 27,000,000.00 not paid.

At a press conference in Bolgatanga, the frustrated customers also accused security apparatus in the region of being dormant over the protracted issue by failing to apprehend the management of the now defunct micro finance company.

The livid customers faulted the upper east regional minister, members of the regional house of chiefs and the upper east Parliamentary Caucus for failing to intervene on their behalf to help them retrieve their monies. They however appealed to President John Dramani Mahama to intervene by instructing Bank of Ghana to speed up measures that could enable them retrieve their monies.

Spokesperson for the group Ayaanore Banabas in a statement appealed to the president to “instruct the police, the BNI and EOCO to show interest and act swiftly to bring the management of diamond winners microfinance to book.”

The disgruntled customers threatened “we would want all concerned to note that, the continuous inaction by state institutions to resolve this issue will result in customers advising themselves and taking actions that will have grave consequences.”

The fate of Anaba Ernest Ayagle a second year student of the Anglican University College hangs in the balance because a colossal amount of money meant for his school fees is locked up with the microfinance company. He appealed to the president to come to their aid.

Stella Saaka took a loan and invested with the aim of getting interest to pay her admission fees, unfortunately aside her inability to pay her admission fees, life hasn’t been easy for her and the family.

However checks at the Bank of Ghana by a1radioonline.com revealed that Diamond Winners microfinance was not licensed by the Bank of Ghana to operate. Head of Other Financial Institutions at BoG Raymond Amanfu said the microfinance company was in a process of acquiring a license but the company illegally started operations even before being granted the licensed. He disclosed that the security agencies have been tasked to apprehend management of the non-existing microfinance.

By: Joshua Asaah/A1radioonline.com/Ghana


 

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