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I’ve my bride price locked up at DataBank – Multimedia Journalist cries out

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9 months ago

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Ghanaian Sports Journalist, Fentuo Tahiru has expressed his frustration with regard to developments at Databank.

He says he invested at the Investment Bank and is peeved by what’s currently happening and their attempts to run away from their responsibility of paying their clients.

Fentuo Tahiru says what’s even worrying is the fact that he invested money to pay for his bride price in 2022.

However, that money has been locked up in the Financial Institution.

Last week, some disgruntled clients of Databank have threatened to attack the company for failing to honour withdrawal requests.

Chief Executive Officer of the firm, Kojo Addae-Mensah, who disclosed this to JoyNews on Thursday, said the situation is serious and could get out of hand.

“It is a very serious matter. We have had people threatening that they will burn down the building and you know, you should understand that these are people’s life savings,” he said.

The company says it has not been spared the liquidity challenges that have beset the fund management industry owing to the ‘macro-economic crisis’ facing the country. It has, therefore, been unable to honour withdrawal requests by clients, some of who have been attacking staff verbally and physically.

The company on Wednesday evening announced it was shutting down its offices to allow staff to work remotely as a measure to protect them effective Thursday, December 22.

Management of the investment and fund management firm has since beefed up security around its premises following threats by the disgruntled clients to attack the office

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Mr. Addae-Mensah said Databank has begun conversations with regulators for some liquidity support.

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