Customers of the collapse First allied savings and loans limited has given management and bank of Ghana a ten day ultimatum to return all their locked up deposits.
The infuriated customers are poised to take over the properties or the 27 nationwide branches of the bank in ten days if management, the Chief Executive Officer known popularly as A- life and Bank of Ghana(BoG) fails to meet their demands.
The customers have raised disheartening account on how life have been miserable as a results of the locked in deposits.
“The action of First Allied Savings and loans company in refusing to return our money has caused havoc in our lives. It has led to the loss of lives and brought our businesses to a standstill. It made our lives miserable and kicked some of us out of jobs. It has sent some to abject poverty incapable of taking care of their families…..This can be considered an affront to our fundamental human rights and in contravention of our constitution”.
The customers have averted blames on Nana Addo and his government for keeping mute over the terrible situation.
“its disheartens to note that state actors are sitting aloof watching the bank take our lives”, the customers have insisted.
“Where is our money? What have they used the money to do? When are we getting our money back?”
The bank seized its normal operations in the middle of last (9 months ago).
The bank has put a freeze on withdrawals and has failed in fulfilling its obligations to customers in paying interests or even the principal as agreed in the binding contract the bank signed with aggrieved customers and efforts to get to reclaim their monies has proved futile.
The customers have said that to fight for their locked in deposits even if it would cause them a blood shed.
However, they have cautioned the general public and all investors locally and internationally to refrain from conducting business with First Allied Savings and Loans Company Ltd.
The group think that the financial institution will collapse the business of anyone who by mistake will transact business with it (bank) just like “they did to us”.
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Source: Todayinformer.com/Joseph Marfo/2019.