Naked demonstration hits Menzgold

Naked demonstration hits Menzgold

Some aggrieved customers of Menzgold Ghana Limited in the Ashanti region have threatened to embark on a naked demonstration following the company’s inability to pay them their capital and accrued interests.

The gold dealership firm has been in the news in recent months following disagreements with the Bank of Ghana (BoG) regarding its operations.

The latest development is the order from the Securities and Exchange Commission (SEC) to have the company shut down its gold trading activities.

READ ALSO: Father peeved as 4-yr-old daughter sustains severe wounds from teacher’s canes (Video)

Management later released a timetable which would be used to pay all customers their dividends. This sparked panic withdrawals from some concerned investors who besieged the company’s offices after the payments dates were postponed twice.

However, on Monday, Menzgold again announced that customers who would decide to terminate their engagement with them will receive the full amount of their investments in 90-days.

But some aggrieved customers of Menzgold in the Ashanti region are demanding that their monies be released to them immediately.

Some of the customers are reported to have stormed the Amakom branch of Menzgold, located in Kumasi, to demand their investments.

They threatened to stage a naked demonstration against the gold dealership firm if their capital and accrued interests are not returned to them.

READ ALSO: Sarkodie’s diss song interesting - M.anifest

This comes after another angry group of customers gave Menzgold a four-week ultimatum to pay them at least 50% of the accrued interests on their investments.

Calling themselves the ‘Aggrieved Traders of Menzgold’, the over 200 customers organised a press conference on Wednesday to drum home their concerns.

They also want Menzgold to pay up the rest of the interests on their investments within a period of 90 days.

Ghana News Today: Ebony Wins Big at 2018 Ghana Music Awards UK | #Yencomgh

Subscribe to watch new videos

READ ALSO: Rape cases settled out court could warrant up to 25 years imprisonment

Your stories and photos are always welcome. Get interactive via our Facebook page.


Related news
Rosemond Brown in trouble as Mampong chiefs chase her over her name and indecency

Rosemond Brown in trouble as Mampong chiefs chase her over her name and indecency

Change your name or we sue you - Akuapem-Mampong chiefs warn Rosemond Brown
Mailfire view pixel