Dozens of Dek-Nock Investments Limited customers are distressed about the status of their deposits following the company’s abrupt closure on Friday, July 19, 2024.
The shutdown was executed by a joint operation by the Bank of Ghana and the Ghana Police Service due to the company’s unlicensed operations.
A statement from the Bank of Ghana on Friday, July 19, indicated that Dek-Nock Investments was engaged in unauthorised deposit-taking, violating Section 6(1) of Act 930.
The Central Bank justified the closure under Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
During a visit to one of the company’s branches in Nungua on Saturday, customer Francis Dotse said he had been saving with the company for the past three weeks.
“I started with 50 cedis. At first, they said they had a flexible one where you can pay any amount you want to and then a fixed one where if you pay 10 cedis, you have to pay that throughout the period. But I opted for the flexible one; sometimes I pay 100 cedis, and there are times I pay 50 cedis. I saved 1,150 cedis, so far,” he noted.
Another customer, Emmanuel Ndogbe, expressed frustration, explaining that he had taken a computer monitor from the company as collateral while awaiting his cash.
He added: “Our main concern is our funds locked up there. It’s not easy to come by money, and if you save with a company that later closes down, it becomes a challenge. Similar situations have occurred elsewhere; without caution, you may not retrieve your deposits. ”
23-year-old washing bay attendant Eric Nanor lamented that his dream of obtaining a vehicle license is now shattered, as he fears he will be unable to access his GHC600.
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