GCFM Payments To Investors Include Swapping TVs, Fridges- Dr Nduom

A new wave of financial crisis have hit Group Nduom’s empire in the financial sector in the last two months.

READ ALSO: Nduom Sues BoG, Others Over Revocation Of GN Savings And Loans License

The Bank of Ghana (BOG) recently revoked the licenses of some 23 financial institutions which included Dr Papa Kwesi Nduom’s GN Savings and Loans company.

Not long ago, GN Bank was demoted to savings and loans from a universal banking status as result of failure to meet the GHC 400 million minimum capitalization requirement.

READ ALSO: We Have Not Received Any Official Communication From the BoG- Dr. Nduom Responds

It appears as if Group Nduom’s empire in the financial sector may be coming to an end as Gold Coast Securities faces issues of insolvency.

While some investors of the embattled Gold Coast Fund Management are yet receive payments of their investments, Dr. Nduom has come out to address the concerns of the public.

READ ALSO: Here’s The Real Reason Why BOG Revoked Nduom’s GN Savings and Loan License

In a statement made on his official Facebook page sighted by AfricaCelebrities.com, Dr. Nduom said:

“Gold Coast Payments?

A number of people keep asking about payments of GCFM Structured Finance (SF) investments. The fact of the matter is that payments have been ongoing. So far, over 200 million Ghana Cedis have been given back to investors. Currently, payments are being made every day to those who made investments with less than 2,000 Ghana Cedis.

Every day, by MOMO and bank transfers. When those are done, we will move to investments less than 5,000 and then those less than 10,000. All of these, about 25,000 accounts will be done by the end of the year. These payments are being made with investments we are redeeming from individuals and companies.

READ ALSO: Full List Of Licensed Savings And Loans Companies In Ghana

The names of those being paid now have been published in the Today newspaper and others. There is no need for anyone to spend money to go to any office. Calls are being made to confirm the MOMO and bank account details every day.

In addition, asset swaps – land, vehicles, televisions, fridges, motor cycles, buildings are also happening. Any one interested in swapping their investments for new vehicles, TVs, Fridges etc. should contact the Call Centre:
Open Hours: 8 am – 5 pm
Phone: +233 (0) 302 211411 and +233 (0) 302 211410
WhatsApp: +233 (0) 50 538 3028
Email [email protected] OR [email protected]

READ ALSO: From Grace to Grass: Dr Ndoum Kicked Out Of BOG’s Backyard, SEC To Takeover

When we get payments from Government Agencies on infrastructure project receivables, we will make payments to those with higher value investments (i.e. more than 10,000).

Once again, this is NOT a promise. The payments are happening.“

Source: AfricaCelebrities.com