Be wary of fraudsters claiming to be working for DKM customers — Registrar General

The Registrar General’s Department has cautioned the public to be wary of fraudsters taking advantage of the liquidation notice on DKM Diamond Microfinance to dupe unsuspecting customers of the company in the name of speeding up the refund of their monies.
“We are not asking anyone to go anywhere and pay money. Already, the people are distressed. We don’t want to compound their problems,” the Public Relations Officer of the department, Ms Constance Adomaa Takyi, told the Daily Graphic in an interview.

She said the department had received many calls concerning such incidents and also heard that someone had mounted a stand at an undisclosed place in Kumasi to register people and also collecting monies from them.
Liquidation not personal
She also discredited information making rounds on social media saying that Mrs Jemima Oware was liquidating the company.
“Mrs Jemima Oware is not personally liquidating the company in her personal capacity, but the Registrar-General and the official liquidator appointed by the Bank of Ghana (BoG) to liquidate the company,” she explained.
Closure
On May 11, last year, the BoG suspended the operations of DKM Diamond Microfinance Company Limited for violating the Banking Act.
The Financial Intelligence Centre (FIC) also froze five accounts of the company, directing an immediate freeze of all debit transactions on any of the five accounts.
The company has since been in a financial coma with distressed customers chasing the company and the BoG for their funds which have been locked up.
The process
Walking the Daily Graphic through the process of registration, Ms Takyi said all that the affected persons needed to do was to go to the nearest Registrar General’s Department and  the Regional Coordinating Councils. 
“We are not asking anyone to collect data on our behalf. We are asking that if you are an affected victim, please go to the nearest Registrar General’s Office and you would be given a form to fill. This form should be accompanied by a valid identification card and the original copy of their deposit slip.”
Ms Takyi said the department would by May 11, 2016 finish collating data of the affected persons before it would decide on the next step.
“It is after this process that we will then know how much debt they (DKM) owe people and then we will take the decision on what to do next,”she said.
Disregard
She said the department was not using social media to inform the public on the DKM liquidation process but the national dailies and radio.
She, therefore, urged the public to disregard any information on social media purportedly coming from the department.
DKM gaffe
DKM is reported to have more than 500 customers across the Brong Ahafo Region alone. Most of these customers have deposited monies ranging from GH¢100 to over GH¢50,000.
An audit carried out on the company by the Financial Intelligence Centre (FIC) confirmed weaknesses including misreporting to BoG, mismatches of assets and liabilities and weak governance structures.
DKM’s total deposits—including interest—according to the audit report, stood at GH¢115.24 million compared with liquid assets of GH¢11.8 million and accumulated losses of GH¢21.02 million.
The company is reported to have diverted an amount of GH¢77.2 million of its customers’ deposits to run its subsidiary companies some of which include DKM Airline Company, DKM Fuel Station, DKM Transport, DKM Shea Butter Company and DKM Mining Company. 


The Registrar General’s Department has cautioned the public to be wary of fraudsters taking advantage of the liquidation notice on DKM Diamond Microfinance to dupe unsuspecting customers of the company in the name of speeding up the refund of their monies.
“We are not asking anyone to go anywhere and pay money. Already, the people are distressed. We don’t want to compound their problems,” the Public Relations Officer of the department, Ms Constance Adomaa Takyi, told the Daily Graphic in an interview.

She said the department had received many calls concerning such incidents and also heard that someone had mounted a stand at an undisclosed place in Kumasi to register people and also collecting monies from them.
Liquidation not personal
She also discredited information making rounds on social media saying that Mrs Jemima Oware was liquidating the company.
“Mrs Jemima Oware is not personally liquidating the company in her personal capacity, but the Registrar-General and the official liquidator appointed by the Bank of Ghana (BoG) to liquidate the company,” she explained.
Closure
On May 11, last year, the BoG suspended the operations of DKM Diamond Microfinance Company Limited for violating the Banking Act.
The Financial Intelligence Centre (FIC) also froze five accounts of the company, directing an immediate freeze of all debit transactions on any of the five accounts.
The company has since been in a financial coma with distressed customers chasing the company and the BoG for their funds which have been locked up.
The process
Walking the Daily Graphic through the process of registration, Ms Takyi said all that the affected persons needed to do was to go to the nearest Registrar General’s Department and  the Regional Coordinating Councils.
“We are not asking anyone to collect data on our behalf. We are asking that if you are an affected victim, please go to the nearest Registrar General’s Office and you would be given a form to fill. This form should be accompanied by a valid identification card and the original copy of their deposit slip.”
Ms Takyi said the department would by May 11, 2016 finish collating data of the affected persons before it would decide on the next step.
“It is after this process that we will then know how much debt they (DKM) owe people and then we will take the decision on what to do next,”she said.
Disregard
She said the department was not using social media to inform the public on the DKM liquidation process but the national dailies and radio.
She, therefore, urged the public to disregard any information on social media purportedly coming from the department.
DKM gaffe
DKM is reported to have more than 500 customers across the Brong Ahafo Region alone. Most of these customers have deposited monies ranging from GH¢100 to over GH¢50,000.
An audit carried out on the company by the Financial Intelligence Centre (FIC) confirmed weaknesses including misreporting to BoG, mismatches of assets and liabilities and weak governance structures.
DKM’s total deposits—including interest—according to the audit report, stood at GH¢115.24 million compared with liquid assets of GH¢11.8 million and accumulated losses of GH¢21.02 million.
The company is reported to have diverted an amount of GH¢77.2 million of its customers’ deposits to run its subsidiary companies some of which include DKM Airline Company, DKM Fuel Station, DKM Transport, DKM Shea Butter Company and DKM Mining Company.

15
- See more at: http://www.graphic.com.gh/news/general-news/62625-be-wary-of-fraudsters-claiming-to-be-working-for-dkm-customers-registrar-general.html#sthash.udz667Ia.dpuf
The Registrar General’s Department has cautioned the public to be wary of fraudsters taking advantage of the liquidation notice on DKM Diamond Microfinance to dupe unsuspecting customers of the company in the name of speeding up the refund of their monies.
“We are not asking anyone to go anywhere and pay money. Already, the people are distressed. We don’t want to compound their problems,” the Public Relations Officer of the department, Ms Constance Adomaa Takyi, told the Daily Graphic in an interview.

She said the department had received many calls concerning such incidents and also heard that someone had mounted a stand at an undisclosed place in Kumasi to register people and also collecting monies from them.
Liquidation not personal
She also discredited information making rounds on social media saying that Mrs Jemima Oware was liquidating the company.
“Mrs Jemima Oware is not personally liquidating the company in her personal capacity, but the Registrar-General and the official liquidator appointed by the Bank of Ghana (BoG) to liquidate the company,” she explained.
Closure
On May 11, last year, the BoG suspended the operations of DKM Diamond Microfinance Company Limited for violating the Banking Act.
The Financial Intelligence Centre (FIC) also froze five accounts of the company, directing an immediate freeze of all debit transactions on any of the five accounts.
The company has since been in a financial coma with distressed customers chasing the company and the BoG for their funds which have been locked up.
The process
Walking the Daily Graphic through the process of registration, Ms Takyi said all that the affected persons needed to do was to go to the nearest Registrar General’s Department and  the Regional Coordinating Councils.
“We are not asking anyone to collect data on our behalf. We are asking that if you are an affected victim, please go to the nearest Registrar General’s Office and you would be given a form to fill. This form should be accompanied by a valid identification card and the original copy of their deposit slip.”
Ms Takyi said the department would by May 11, 2016 finish collating data of the affected persons before it would decide on the next step.
“It is after this process that we will then know how much debt they (DKM) owe people and then we will take the decision on what to do next,”she said.
Disregard
She said the department was not using social media to inform the public on the DKM liquidation process but the national dailies and radio.
She, therefore, urged the public to disregard any information on social media purportedly coming from the department.
DKM gaffe
DKM is reported to have more than 500 customers across the Brong Ahafo Region alone. Most of these customers have deposited monies ranging from GH¢100 to over GH¢50,000.
An audit carried out on the company by the Financial Intelligence Centre (FIC) confirmed weaknesses including misreporting to BoG, mismatches of assets and liabilities and weak governance structures.
DKM’s total deposits—including interest—according to the audit report, stood at GH¢115.24 million compared with liquid assets of GH¢11.8 million and accumulated losses of GH¢21.02 million.
The company is reported to have diverted an amount of GH¢77.2 million of its customers’ deposits to run its subsidiary companies some of which include DKM Airline Company, DKM Fuel Station, DKM Transport, DKM Shea Butter Company and DKM Mining Company.

15
- See more at: http://www.graphic.com.gh/news/general-news/62625-be-wary-of-fraudsters-claiming-to-be-working-for-dkm-customers-registrar-general.html#sthash.udz667Ia.dpuf

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