23.3 C
Accra
Monday, September 16, 2024
BusinessDek-Nock Investments shut down over illegal deposit-taking operations

Date:

Dek-Nock Investments shut down over illegal deposit-taking operations

The Ghana Police Service, in partnership with the Bank of Ghana, has closed the operations of Dek-Nock Investments, which has branches in Nungua and Ashaiman, Greater Accra Region.

This action, carried out on Friday, July 19, 2024, is in line with Section 20(2)(g) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

According to a statement from the Central Bank, Dek-Nock Investments was found to be involved in unauthorized deposit-taking, in breach of Section 6(1) of Act 930.

“The Ghana Police Service is conducting further investigations into the operations of Dek-Nock Investments. All customers of Dek-Nock Investments are urged to remain calm while investigations continue,” the statement read.

The Bank of Ghana also notified the public and stakeholders that updates on the situation will be provided as they become available.

The Bank reaffirmed its commitment to addressing illegal deposit-taking activities and warned that those found guilty will face the appropriate legal penalties.

Will you vote in the 2024 general election?
Will you vote in the 2024 general election?

Latest stories

Upcoming protest is about electoral issues, not personal matters – Mahama to EC

Flagbearer of the National Democratic Congress (NDC), John Dramani...

Student of KNUST dies in deadly accident at Taifa

A second-year Communication Design student from Kwame Nkrumah University...

Students trapped after school building collapses amid heavy rain

Several University of Benin (UNIBEN) students are reportedly trapped...

Election 2024: Polling station results will be published on our website – EC

The Electoral Commission (EC) has pledged to enhance transparency...

Ghana named tier 1 cybersecurity leader on global stage

Ghana has been awarded Tier 1 status in the...

2-year-old baby among 4 dead in Kpone Kokompe farms fire outbreak

A tragic fire outbreak at Kpone Kokompe farms in...

NSMQ 2024 to be held in Cape Coast; balloting slated for October 1

As excitement builds, the 2024 National Science and Maths...

Related stories

SOEs’ contribution to GDP reaches 10% in 2024 as losses decline – Akufo-Addo

The contribution of State-Owned Enterprises (SOEs) to Ghana's Gross...

Continued implementation of ECF programme will reduce poverty – IMF to Ghana

The International Monetary Fund (IMF) has urged Ghana to...

Fuel prices to record 4% reduction – COPEC projects

The Chamber of Petroleum Consumers (COPEC) has projected a...

CSA to enforce legal action against unlicenced cybersecurity providers

The Cyber Security Authority (CSA) has issued a warning...

COCOBOD financially stable to buy cocoa beans – Minister

Minister for Food and Agriculture, Bryan Acheampong, has dismissed...

Non-performing loans ratio in banking sector increased to 24.2% in 2023 – BoG

The Bank of Ghana’s July 2024 Monetary Policy Report...

SEC establishes task force to crack down on fraudulent online investment schemes

The Securities and Exchange Commission (SEC) has announced the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here