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Tag: Dek-Nock Investments

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

    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.

  • Dek-Nock Investments shut down for unlawful deposit-taking operation

    Dek-Nock Investments shut down for unlawful deposit-taking operation

    The Ghana Police Service and the Bank of Ghana (BoG) have closed down Dek-Nock Investments, located in Nungua and Ashaiman in the Greater Accra Region.

    The closure, which took place today, July 19, 2024, was executed in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

    The BoG released a statement indicating that Dek-Nock Investments was involved in unauthorized deposit-taking activities, a violation of Section 6(1) of Act 930.

    “The Ghana Police Service is conducting further investigations into the operations of Dek-Nock Investments,” the statement said.

    The BoG has urged customers of Dek-Nock Investments to remain calm as investigations continue, assuring that the public and all stakeholders will be kept informed about the next steps.

    The statement emphasized the BoG’s commitment, in collaboration with law enforcement agencies, to clamping down on illegal deposit-taking operations. Offenders will be prosecuted to maintain the integrity and stability of the financial system.

    “The Bank assures the general public of its commitment to promoting the integrity and stability of the financial system,” the statement affirmed.

    For further information, inquiries can be directed to the Other Financial Institutions Supervision Department of the Bank of Ghana via telephone numbers 0302-666174-6.