Defunct DKM Microfinance Boss ‘coaches’ African leaders on how to properly Manage COVID-19

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The embattled Chief Executive Officer (CEO) of the DKM Diamond Microfinance Company Limited, Mr Martin Delle has proposed ways through which African leaders can properly manage the deadly coronavirus in order not to gravely affect their economies.

Mr Delle who has been missing on social media for almost two years according checks by surfaced with the latest post following concerns about the challenges various economies are confronted with.

He said “this game of covid-19, African leaders should think well before our economy is \ gone away, and this people will take over”

It would be recalled in 2015 that thousands of clients, including students, security officers, media practitioners, lecturers, members of the clergy and traditional chiefs, suffered a sudden trauma following the inability of the DKM to refund their investments after the Bank of Ghana reportedly suspended the operations of the firm is aid to be either engaged in illegal activities or running unlicensed.

The development saw months of street demonstrations repeatedly rekindled throughout the country as hopes of recovery increasingly faded for traumatised clients. Both government and the Bank of Ghana came under sustained pressure from an enraged public who accused the Bank of Ghana of having consciously allowed the companies to dupe the citizenry before it identified them as illegal operators and also slammed government for refusing to go after the alleged fraudsters.

Recently, Vice President Dr Mahamudu Bawumia revealed that President Akufo-Addo directed the Bank of Ghana (BoG) and the Ministry of Finance, to provide money for the customers to be paid.

“Government has already spent over GHC 13 billion paying depositors of banks and other financial institutions. To add to that, President Nana Akufo Addo gave the assurance in his last Christmas message that no depositor of a Savings and Loans or a Microfinance institution will lose any of their deposits. In line with fairness, we would be doing what we have done for depositors of banks to depositors of Savings and Loans or a Microfinance institutions. Everyone will get 100% of their deposits back. I would also like to add that this refund will also extend to customers of DKM who have not as yet received the full refund of their deposits. We are therefore cleaning up the mess the NDC created in the financial sector.” He revealed at a Town Hall meeting in Kumasi.

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