Management of multinational family holding business, Groupe Nduom, says none of its subsidiaries invested in the now troubled gold dealership firm, Menzgold Ghana Limited, as has been suggested by some people.
According to the company, which owns the securities and brokerage firm Gold Coast Securities and the now downgraded GN Bank, there are commentary on social media to suggest Group Nduom has invested part of its funds in Menzgold.
The claims were even heightened by GN Bank and Gold Coast Securities’ inability to pay their customers returns on their matured investments, particularly at a time Menzgold was also in crisis and struggling to pay its customers their matured investments.
A statement issued by the head of corporate affairs of Groupe Nduom, Frank Owusu-Ofori, unequivocally denied such claims, stating “neither Groupe Nduom nor its subsidiaries, has made any investment with Menzgold Ghana Ltd”.
The collapse of some banks in the country triggered what was termed “panic withdrawals” which Chairman of the group, Dr. Paa Kwesi Nduom said affected the banks as a lot of customers started to withdraw their monies with them.
The situation forced Dr. Nduom to begin a campaign he dubbed “Stop the panic withdrawals and strengthen indigenous banks” in October 2018.
He explained it was aimed at urging the public against withdrawals which he said was negatively affecting the operations of local banks in the country.
But it appeared the campaign did not work for his GN bank as in the midst of its “crisis,” failed to raise the new 400 million-cedis minimum capital at the expiry of the December 31, 2018 deadline set by the Bank of Ghana.
The BoG consequently on Friday downgraded GN Bank to savings and loans company, and appointed an advisor to help it go through the transition from commercial bank to a savings and loans company.
“The GN Bank was unable to comply with the minimum capital directive by 31st December 2018. Consequently GN Bank has applied for and the Bank of Ghana has approved the grant of a savings and loans company licence,” Governor of BoG, Dr Ernest Addison explained.
New Zealand Ex-Official Found Guilty Of Hiding A Camera Inside The Country’s Embassy Toilet In The US For Intimate Visual Recording
Alfred Keating, one of New Zealand’s former top-ranked military officials in the US, has been found guilty of planting a secret camera in a unisex bathroom at the country’s embassy in Washington DC.
The 59-year-old faces up to 18 months in prison for attempting to make an intimate visual recording.
According to BBC, Keating’s DNA matched traces found on the SD card in the camera, which appeared to have been in place for many months.
He will be sentenced on 25 June.
Keating was serving as a defense attache at New Zealand’s embassy in Washington when a small, covert camera was discovered in a unisex bathroom after it fell out of a hiding spot in a heating duct on 27 July 2017.
It was reported that the motion-activated camera was positioned to capture intimate video recordings of anyone using the toilet.
Crown prosecutor Henry Steele told the court that investigators began to suspect Keating after examining the buildings swipe card records, the New Zealand Herald reported.
CCTV footage also showed a man wearing dark trousers, a white shirt and a black Fitbit watch entering the toilets at around the same time the hidden camera was activated by a hand wearing a blue latex glove.
The police investigation found the device had been in place for some months because the homemade platform it was mounted on in the bathroom was covered in a thick layer of dust.
Kenya: Thieves Steal Guns As Police Watch Champions League
Police in Kenya have been left red-faced after thieves stole guns and ammunition from an unattended check-post as the officers on duty watched UEFA Champions League matches down the road.
Three rifles and nearly two dozen rounds were pinched from the check-post Tuesday evening in Nandi, in Kenya’s west, while the officers wandered off to watch Cristiano Ronaldo and Lionel Messi play in the UEFA quarter-finals on television at a nearby shopping mall.
“On returning… they noticed the room of the in-charge, which is also used as an armory in which the steel box is kept, was broken,” stated a police report into the incident seen by AFP.
A search was underway for the stolen firearms, the report added. It was not immediately clear if the officers faced disciplinary action.
Having Sex Is So Ghetto : Hushpuppi
Instagram big boy, Hushpuppi has declared that sex is so ghetto for him to have.
He wrote “Having Sex is so ghetto..I would never”.
Dubai based socialite’s perceived wealth has been a source of controversy for a long time. Many claim his possessions are just a facade.
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