General News of Friday, 11 January 2019
Aggrieved customers of troubled Menzgold have slammed government over its decision not to use taxpayers’ money to pay them their funds locked up at the company.
Chairman of the Coalition of Aggrieved Customers Mussan Timothy Binob told Nyakonton Mu Nsem on Rainbow Radio 87.5Fm that, government has an obligation to pay them their locked up cash because they also pay tax.
Information Minister Kojo Oppong Nkrumah in a statement issued yesterday [Thursday] said although government sympathizes with the aggrieved customers, it would not use state resources to pay the customers.
“While government sympathizes customers on the difficulties encountered with their transaction with the company, the state cannot and will not resort to the use of taxpayer’s monies to refund customers monies,’’ the statement said.
But Mussan Timothy Binob says they [Customers] are also tax payers hence the position taken by government is unfortunate and disappointing.
The statement by the Minister further recounted the number of warnings given to customers of the company over their illegal activities.
“This warning was made as far back as April 2016, and, unfortunately, was disregarded by many customers of Menzgold. BoG and SEC are, therefore, not clothed with any legal mandate to refund monies clients.”
“Customers whose contractual obligations have not been met by the company are entitled to seek a legal remedy to retrieved their funds paid to the company ostensibly to buy gold,” the statement added.
This Mr Binob lamented was not only disgusting but exposes the lack of interest of government in the case.