Photos: Unicredit customers to demonstrate over locked cash

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Some aggrieved customers of UniCredit Savings and Loans have expressed anger and disappointment at the financial institution over the company’s failure to pay their monies due them.

The customers who were on Adom FM’s morning show, Dwaso Nsem on Friday said attempts by them to withdraw monies due them have failed as the bank keeps tossing them for no good reason.

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The customers also alleged on the show that they keep receiving debit alert messages in spite of the bank’s inability to give them their savings.

“Every time you go to any of their branches, you meet their staff working but they have practically no information to give you regarding your money,” one of the customers said.

“We want the Bank of Ghana to come out and explain what is really happening regarding Unicredit to us. Our businesses are collapsing because we don’t have money to buy goods into our shops,” another customer said.

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The customers who are mostly business people from Okaishie in Accra have monies in excess of GHC 15,000 and in some cases GHC 200,000 locked up in the Savings and Loan company.

As a way of mounting pressure on the bank, the customers have served notice that they would mass up at the head office of Unicredit on Wednesday, February 28, 2019, at 10:30 am to demand answers from the bank’s officials and relevant regulatory authorities.

They have therefore called on all affected customers come in their red outfits and join in the demonstration exercise,” they added.

Unicredit was licensed by the BOG under the Non-Bank Financial Institutions Act 2008 (Act 774) in 2007.

UniCredit Savings and Loans was hit with panic withdrawals in the later part of 2018 when the BOG toughened its supervisory mandate across the banking sector.