Provide satisfactory answers on our investments in 2 weeks or… – Aggrieved Customers of Gold Coast Fund Management tell Dr Nduom
The Aggrieved Customers of Gold Coast Fund Management (ACGCFM) have intensified their calls for justice and accountability from Dr. Papa Kwesi Nduom, accusing him of financial misconduct and neglecting their interests amidst a backdrop of substantial losses.
The group, comprising nearly one hundred thousand affected investors, alleges that Dr. Nduom, founder of Gold Coast Fund Management (now operating as Blackshield), has failed to account for over Five Billion Ghana Cedis collectively invested by unsuspecting citizens. They assert that his actions have led to significant financial harm, including deaths among their ranks due to economic hardships.
Central to their grievances is Dr. Nduom’s recent claims that the Ghanaian government owes his conglomerate, Group Nduom, approximately GHC7.1 billion, stemming from loans purportedly used for infrastructure projects.
The aggrieved customers, however, dispute these assertions, questioning the true allocation of funds and the extent to which customer investments were actually utilized in these projects.
“Dr. Nduom’s statements are unfortunate, arrogant, and devoid of accountability,” remarked a spokesperson for the ACGCFM. “We demand transparency regarding the GHC4.6 billion he allegedly kept to himself. This amount, according to our calculations, includes both principal investments and accrued interest, which he must disclose and repay immediately.”
In an escalated call for justice, the ACGCFM is urging law enforcement agencies to investigate and arrest Dr. Nduom for his role in the financial debacle. “We are not only seeking financial restitution but also justice for the lives devastated by Dr. Nduom’s actions,” the spokesperson continued. “His callous disregard for our plight while demanding government bailouts is unacceptable.”
Furthermore, the ACGCFM has issued a strict ultimatum, giving Dr. Nduom a two-week deadline to provide satisfactory answers to their inquiries. Failure to comply, they warn, will result in public protests and legal actions against him.
In response to the growing unrest, the ACGCFM has also directed their frustrations towards the government, setting a concurrent deadline for the release of their locked-up funds. They warn that failure to meet their demands by June 30th, 2024, will result in political consequences during the upcoming elections.
The saga surrounding Gold Coast Fund Management continues to unfold, with stakeholders closely watching as both Dr. Nduom and government officials navigate mounting pressures from aggrieved investors seeking restitution and accountability.
