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

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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.

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