Collapsed MFIs: Receiver relocates validation teams to uniCredit

The Receiver of the 347 micro-finance companies and the 23 Savings and Loans and Finance Houses whose licenses were revoked has informed depositors about the latest efforts to pay claims.

The Bank of Ghana (BoG) revoked the licences of the firms on May 31, 2019, citing insolvency and various infractions.

In a bid to expedite processing of claims for payments to be made to hundreds of clients whose investments are locked up at the defunct firms, the Receiver, Eric Nana Nipah, has announced a relocation of some teams.

“The Receiver’s Validation Teams will be relocated from the Project Office, 25B Manet Towers-Airport City, to the former head office of uniCredit Savings and Loans, No. 3 North Ridge Lane, North Ridge, Accra, (near Accra High School) effective Monday, January 27, 2020.

This was contained in a press release issued on Tuesday which was signed by spokesperson Philomena Kuzoe.

The public has also been reminded that they may visit maintained branches of the closed companies for loan repayments and any other inquiries relating to the receivership.

Below is the full statement:

IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930)  AND

IN THE MATTER OF THE RECEIVERSHIPS OF THE 347 MICROFINANCE COMPANIES AND THE 23 SAVINGS & LOANS AND FINANCE HOUSE COMPANIES
NOTICE TO DEPOSITORS

Relocation of the Validation Teams of the Receiver:

The Receiver of the 347 Microfinance Companies and the 23 Savings & Loans and Finance Houses Companies whose licences were revoked by the Bank of Ghana on 31 May 2019 and 16 August 2019 respectively, Eric Nana Nipah, wishes to inform depositors of these institutions and the general public that the Receiver’s Validation Teams will be relocated from the Project Office, 25B Manet Towers-Airport City, to the former head office of UNICREDIT Savings and Loans, No. 3 North Ridge Lane, North Ridge, Accra, (near Accra High School ) effective Monday, 27 January 2020.

This is to allow for members on the teams to speed up the validation process and expeditiously attend to depositors regarding the validation and payment of their claims.

Stakeholders are however advised to visit operating branches of the resolved Companies for loan repayments and any other enquiries relating to the receiverships.

Please note that the working hours for the operating branches of the resolved Companies remains 8:00 am to 5:00 pm, Mondays to Fridays.

For further information, you may reach out to the Call Centre on the numbers below:
For acknowledgement of receipt of claims
0302 960 210
0302 960 023
0302 960 024

For Issues concerning Validation
0302 960 197
0302 960 198
0302 960 199
0302 960 208
0302 960 209

For Issues concerning Payment
0302 960 025
0302 960 026
0302 960 377
0302 960 369
0302 953 518
0302 953 519