https://www.myjoyonline.com/dafeamekpor-asks-government-to-bailout-menzgold-customers/-------https://www.myjoyonline.com/dafeamekpor-asks-government-to-bailout-menzgold-customers/
National

Dafeamekpor asks government to bailout Menzgold customers

Member of Parliament for South Dayi, Rockson-Nelson Dafeamekpor has joined calls for government to consider a bailout for customers of defunct gold dealership firm, Menzgold.

Some of the aggrieved customers, on hit the streets here in Accra calling on President Akufo-Addo to personally intervene.

Mr. Dafiamekpor suggests, government should include the payment in the bailout being offered to customers of the collapsed banks and special deposit institutions.

“Persons from all walks of life have invested with Mexnzgold. So I agree that the government must come in and do something by way of the bailout because this ought to constitute part of the general bailout given to the financial cleanup,” he said.

Meanwhile, the Director of Operations at the Presidency has asked aggrieved customers of embattled gold dealership company, Menzgold, to exercise patience with the government.

Lord Commey, who received the petition on behalf of President Akuffo-Addo assured the aggrieved customers that government will not neglect them.

In 2018, Menzgold was asked to suspend its gold trading operations with the public by the Securities and Exchange Commission (SEC).

According to the SEC, Menzgold had been dealing in the purchase and deposit of gold collectibles from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.

This, the SEC said was in contravention of “section 109 of Act 929 with consequences under section 2016 (I) of the same Act.”

Menzgold has, however, failed to fully pay its customers the value of their gold deposits as well as their entire investments.

Some aggrieved customers have, since, staged protests to demand the payment of their locked-up cash.

These protests are yet to yield results as customers have still not received their monies.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.



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