Defunct financial firm, Menzgold Ghana Limited has announced that it will from today, Monday, December 20, 2021, start the payment of locked-up funds to aggrieved customers.
For violating the Securities Industry Act of 2016, the Securities and Exchange Commission (SEC) ordered the gold trading firm to shut down their investment operations with immediate effect in 2018. (Act 929).
Thousands of Ghanaians who had invested with the firm have been crying and demonstrating for their locked-up funds for the past three years.
Menzgold Ghana Limited is now prepared to pay investors who have passed screening and had their papers verified.
“With due respect for authority and as law-abiding patriotic citizens, our company will proceed to achieve the same payments objective by resorting to direct bank deposits, as we happily commence our final payments phase spanning from the 20th December 2021 to the 30th June 2022, starting with the following vetted creditors outlined,” Menzgold Ghana Limited said in a statement.
Below is the first badge of customers to be paid:
