Finance Minister Boasts Of Paying 92% DKM Victims But…


92 percent of victims of DKM Microfinance Limited, the biggest microfinance scam in the BrongAhafo region have been paid.

Finance Minister, Ken Ofori Atta, made the claim while delivering the 2019 budget statement in Parliament, yesterday.

It is not clear, when this payments were made because as last month, one Alex Obeng, who claimed to be the spokesperson for the victims of the DKM Microfinance scam, was busy warning former President John Mahama to stop using their plight for political capital, since, in his view, the flag bearer hopeful of the main opposition National Democratic Congress (NDC), failed as president to come to their aid when the saga broke.

Alex Obeng, did not mention receiving any amount from government or gave any inclination as to going through a process towards getting their money.

But the Finance Minister, told Parliament that an official liquidator received 99,858 claims and the validated claims amounted to GH¢502 million.

“I would like to inform the country that out of the 99,858 claims, 79,708 (80 percent) have been settled and depositors have been paid” Mr Ofori Atta stated.

He revealed that, government has set aside funds at the Bank of Ghana (BoG)  to pay the remaining 20 percent of depositors upon validation.

“An additional 12,612 claims have been fully provided for, but the customers have not as yet been able to show proof of deposit. This means that 92 percent of DKM claims from depositors have been paid or provided for. Depositors for the remaining 7,568 claims of above” Ken Ofori Atta stated.

However, he added that, GH¢10,000 are yet to reach agreement with the liquidators.

The DKM Diamond Microfinance Limited, was alleged to have invested about GH¢77 million of its customers’ deposits in its subsidiary companies – DKM Airlines Company, DKM Fuel Station, DKM Transport, DKM Shea Butter Company and DKM Mining Company, among others.

It had its license revoked in February 2016, with considerable suffering imposed on depositors. The erstwhile Mahama administration, took steps to bring respite to customers and the Akufo-Addo government has also taken steps to settle almost all claims of DKM customers.

Several thousand Ghanaians, mostly in the Brong Ahafo Region, got their investments locked up in the Ponzi scheme, which promised them mouthwatering returns.

Mr Obeng’s warning to Mr Mahama, comes on the heels of the former president’s urge to the Akufo-Addo government to arrest the owners of the now-defunct financial institution and also pay its aggrieved customers all their locked-up deposits as promised by the New Patriotic Party (NPP) in the lead-up to the 2016 elections.

According to Mr Mahama, the NPP, in the run-up to the 2016 elections, accused him and his wife of being the owners of the collapsed microfinance firm and promised to retrieve for the clients, all their locked-up investments.

With the NPP now being in power, Mr Mahama, said the Akufo-Addo government should have no difficulty fulfilling that promise to the customers of the defunct firm.

The government, he said, must ensure the owner of the company is arrested and all customers settled appropriately.

“When we were in office, the NPP lied that DKM belonged to me and my wife. Today, you are in power, you, who DKM belongs to, you promised that you will collect the people’s money for them when you come into power; please collect their DKM money and give it back to them,” he said while addressing delegates of the main opposition National Democratic Congress (NDC) in the Dormaa East Constituency at Wamfie, as part of his five-day campaign tour of the Brong Ahafo Region.

Speaking on Ghana Yensom on Accra100.5FM hosted by Kwabena Prah Jnr (The Don) on Monday, October 22, Mr Obeng said: “It is a fact that the DKM saga became a huge political issue ahead of the 2016 elections. The NPP capaitlised on it and promised to assist the victims and, so, we expect the Akufo-Addo administration to honour that promise.”

He added: “Our pain is with how the NDC administration under John Mahama handled the situation. They did not do well at all with the matter that has resulted in the death of many of the victims. Former President Mahama and the NDC failed in that endeavour.”

“This matter will again be a political issue in 2020 and, so, the NPP government must act and help us get our money, already some of the people are beginning to be disappointed.”

Share this:

Share News

submit to reddit