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DKM Customers Seek Injunction To Stop Payments

Some customers of DKM Microfinance in the Northern regional capital, Tamale, are seeking to place an interlocutory injunction on the payments of depositor claims scheduled for next week Monday, October 17, 2016.

The customers are angry over what they say is the deliberate attempt by the Official Liquidator to eliminate their names in the list of validated customers due to receive their monies.

The unhappy customers also tell Citi News’ Northern regional correspondent, Abdul Karim Nantongmah they are confident their action will ensure that they are duly catered for by the Registrar General’s Department (RGD).

“We were informed that our names will be released this week but we are just returning from the Regional Coordinating Council and nothing like that has been published. The situation is really affecting us negatively and we are heading to the court to seek the injunction,” one of the leaders asserted.

Another stated, “We are told we could access the list in the Upper West regional capital, Wa. Although there were two branches of DKM in Wa, as it stands now, only one branch has the names posted there and we are even worried whether to believe if the Official Liquidator engaged any other party in the processes so far.”

Official Liquidator publishes creditors’ list

The Official Liquidator, today, October 10, released the list of the first batch of creditors whose claims have been validated and due for payment.

Meanwhile a statement released by the Registrar General’s Department and copied to Citi Business News said, “Creditors whose names do not appear on the list of claims validated to date, are advised to contact the Official Liquidator’s Customer Service Units to be set up in the various Recipient Bank branches for further direction.”

It added, “Creditors should note that the list of validated creditor claims will be updated and supplementary lists would be posted as and when new creditor claims are agreed and validated.”

Wa DKM customers to boycott payments

In a related development, some customers of DKM in the Upper West region have intimated to Citi Business News plans of boycotting the payments scheduled for next week Monday.

The spokesperson for the customers’ union, Fred Kuuyine however explained that the decision will be agreed on after a meeting with the union’s lawyers.

“We are considering boycotting the payment of claims planned for next week Monday but for now we are engaging our legal advisors on the decision. We are of the view that the best the Official Liquidator could have done was to be frank with us regarding whatever that they have been able to obtain from the liquidation process,” he observed.

“We have not heard or read the OL putting anything forward indicating they are liquidating any assets belonging to DKM Microfinance,” Mr. Kuuyine further noted.

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