Following reports by Menzgold to publish a plan scheduled to pay investors whose dividends have matured, managements have released the scheduled dates for payments. Payments start from today, 28th September and end on 18th October 2018.
As stated by management, all investors whose maturity date fell after 12th September will not be entitled to any dividends because they couldn’t trade to earn any profit them on their deposits following the order of shut down from the Securities and Exchange Commission.
Below is the schedule that of payment as released by MenzGold and obtained by Ghpage.com
Menzgold was ordered to shut down for violating operational permit by the Securities and Exchange Commission a few weeks ago amidst a lot of tension and anxiety.
In a letter dated 7th September and signed by Deputy Director of SEC, Mr. Paul Abibio which was leaked to the media on the 12th Sept, SEC instructed Menzgold not to take in new deposits or sign any new contracts with investors until all issues surrounding their permit are sorted out.
Yesterday, 27th September, Menzgld in a press conference revealed they have filed a legal suit against Bank of Ghana and the Securities and Exchange Commission for unnecessary interference in Menzgold operations leading to the damage of the reputation of Menzgold.