Mr. Eric Nana Nipah, the receiver of the collapsed Microfinance and Savings&Loans Companies says all affected depositors who have their claims validated will receive their locked up funds by the end of July 2020.
He said that almost 96% of depositors who had their investments locked up have already been paid and that the rest will also receive theirs by the end of the month.
Mr. Nipah further added that about 98% of the claims will be paid in cash whiles the remaining 2% will be paid via combination of cash and bond.
The receiver, speaking on Citi Tv on Tuesday, 14th July 2020, said emphatically that he is much confident that all depositors whose claims are validated will receive their funds by the end of this month.
Source: Mediaghananews.com
