Menzgold is paying dividends accrued on its gold trading business today (28th September, 2018) but says investments on or after September 12 will not be covered.
Making the announcement at a press briefing Thursday, CEO of the company, Nana Yaw Osei, said a payment schedule will also be released to make the payment of dividends happen without chaos and overcrowding.
The exclusion of the September 12 investments, the company suggests, is because that was the day the Security and Exchanges Commission (SEC) asked the company to shut down over an alleged breach of licencing and other regulations.
“As a result of the shutdown of the gold trade business, the firm cannot process any kind of termination on the gold vault market until a healthy restoration is determined by the courts since we have filed a suit already,”, Nana Yaw Osei said.
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