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FBI takes down Nigerian fraudsters in $46M scam

Source: justice.gov A 252-count federal grand jury indictment unsealed on Thursday charged 80 defendants, most of whom are Nigerian nationals, with participating in a massive conspiracy to steal millions of dollars through a variety of fraud schemes and launder the funds through a Los Angeles-based money laundering network. The indictment was unsealed after law enforcement authorities on Thursday morning arrested ...

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I shall bounce back – Nduom assures

Group Chairman and Chief Executive Officer (CEO) of Groupe Nduom Dr. Papa Kwesi Nduom has given the assurance that the GN Savings and Loans will bounce back. The BoG last Friday revoked the licences GN Savings and Loans and 22 Savings others citing various infractions and violations of Acts governing their operations. The BoG explained among other reasons that “of ...

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BoG’s $62m cash transfer claim false – Nduom

The Founder and owner of GN Savings and loans Dr. Papa Kwesi Nduom has dismissed claims by the Bank of Ghana that over $62 million were illegally transferred to a related company, International Business Solutions, in the USA. GN Savings and loans and 22 other companies in the savings and loans sector were on Friday closed down by the Bank ...

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Press Release For Immediate Release -REGARDING REPORTS OF GN SAVINGS RECEIVERSHIP

PRESS RELEASE DATE: AUGUST 16, 2019 SUBJECT: REGARDING REPORTS OF GN SAVINGS RECEIVERSHIP _____________________________________________________________ It has come to the attention of Groupe Nduom Limited, the entity representing the interests of the majority shareholders and founders of GN Savings Limited, that documents are circulating that purport to be from the Bank of Ghana (BoG) regarding the receivership of GN Savings Limited. ...

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GN Savings and Loans, 22 others closed down

The Bank of Ghana (BoG) has revoked the licences of twenty-three insolvent savings and loans companies and finance house companies. The Bank of Ghana has also appointed Eric Nipah as a Receiver for the specified institutions in line with section 123 (2) of Act 930. According to a statement from BoG, “The revocation of the licences of these institutions has ...

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BoG revokes licenses of 23 savings and loans companies

The Bank of Ghana has with immediate effect revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies. The central bank in a statement on Friday said the revocation of the licences of these institutions has become necessary because they are insolvent even after a reasonable period within which the Bank of Ghana has engaged ...

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*Women paid to cry at funerals increase charges following hikes in petroleum products*

  I caught up with one of the professional criers for a conversation in Kumasi. Full of smile, Ami Dokli obliged an interview, taking time off a workshop to speak with me.  Her group is made up of six widows who are all based in Kumasi, the Ashanti Region capital.  Justifying the hike in their rate, Ms. Dokli tells me high ...

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Group Nduom Bank In Liberia Revitalizes Loan Facilities To Small Businesses!

Monrovia – The Overseas Private Investment Corporation (OPIC) has approved a second facility of US$20 million for the Liberian, Enterprise Development Finance Company (LEDFC). This was after careful examination of LEDFC’s performance over the years. The facility will be used to lend to Liberian owned small and medium enterprises. An additional US$16 million will come from other sources to increase ...

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