Saga Menzgold: No one can give you guarantee – SEC to customers

General News on Tuesday, April 2, 2019

Source: kasapafmonline.com

2019-04-02

The Securities and Exchange Commission (SEC) said there was no guarantee that the frozen funds from the clients of the late gold concession company, Menzgold, could be recovered anytime soon.

At a press conference held today in Accra, SEC executive director, Reverend Daniel Ogbarmey Tetteh, said nothing could be done to help customers with their difficulties.

"The truth is that we do not know the exact amount of money raised. I think that they can hope for the best but no one can give them any guarantee. The SEC is certainly not in a position to repay the lost investments. So, in terms of expecting them to be rewarded by the SEC or any other government official, I'm not sure they can expect anything, "Reverend Ogbame Tetteh said. 'a press conference.

This comes after clients demonstrated Tuesday in front of the premises of EOCO to demand the liquidation of badets seized from the company.

However, addressing customers after meeting with his executives, EOCO's deputy director, Daniel Antwi, called for quiet agitated customers in the effort to solve their problem.

"We went through the petition with them [customers]. We were able to solve some problems with them, but we let them know we could not handle them. But there was good insurance. The badurance is that we will continue to use all the information we are given to preserve the properties of the company that participated in the challenge. "

For months, customers have been demanding payment for their major investments after the closing of the gold distribution company by the Securities and Exchange Commission (SEC).

Several efforts by targeted customers on the company to get their money have not resulted in any positive results.