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Tag: DKM

  • Defunct DKM microfinance owner is a financier of Bawumia – Mahama claims

    Defunct DKM microfinance owner is a financier of Bawumia – Mahama claims

    Flagbearer for the opposition National Democratic Congress (NDC), John Dramani Mahama, has claimed that the flagbearer of the New Patriotic Party (NPP), Vice President Dr Mahamudu Bawumia, is being financially sponsored by the founder of defunct DKM Financial Services, Martin Dele

    He believes funds meant for customers of the defunct financial institution are being used to sponsor the Vice President’s campaign. He noted that his claim was corroborated by Defence Minister Ambrose Dery who said “the DKM owner is an NPP member”.

    In 2015, the Bank of Ghana (BoG) suspended the operations of DKM Diamond Microfinance Company Limited for violating the Banking Act.

    Also, the Financial Intelligence Centre (FIC) froze five accounts of the company, directing an immediate freeze of all debit transactions on any of the five accounts.

    A letter signed by the Chief Executive Officer of the FIC, Mr S.T. Essel, listed the accounts as DKM Mining, Transport, Shea Butter, Cement Depot, all limited liability companies, and DKM Gas Filling Station, all under the DKM Group.

    But in a swift rebuttal, the company denied any such actions by the two institutions, insisting that “we are a genuine financial institution registered under the Banking Act of Ghana and under no circumstance should we carry out any activity which is contrary to the approved regulations by the BoG”.

    In July this year, Martin Dele was sighted in the company of Dr Mahamudu Bawumia during a campaign tour in Nandom.

  • Defunct DKM founder spotted with Bawumia

    Defunct DKM founder spotted with Bawumia

    The founder of defunct DKM Financial Services, Martin Dele, has been sighted in the company of the flagbearer of the New Patriotic Party (NPP), Vice President Dr Mahamudu Bawumia, during his campaign tour ahead of the 2024 general election.

    This news has become topical as Martin Dele has been accused of being the financier and advisor to the NPP’s flagbearer.

    The claim was made by Yayra Koku, a deputy director of IT for the opposition National Democratic Congress (NDC), who believes meant for customers of the defunct financial institution are being used to sponsor the Vice President’s campaign.

    “In the run-up to the 2016 elections, the NPP accused former First Lady Lordina Mahama of owning DKM Financial Services, which defrauded many citizens in the Bono Region. Well the fair man you are seeing in the picture is Martin Dele the founder of DKM. He is Bawumia’s financier and advisor. He was arrested under JM waiting prosecution until NPP came and released him. Customers of DKM, you can now see where your money is,” he wrote in a post on X.

    In 2015, the Bank of Ghana (BoG) suspended the operations of DKM Diamond Microfinance Company Limited for violating the Banking Act.

    Also, the Financial Intelligence Centre (FIC) froze five accounts of the company, directing an immediate freeze of all debit transactions on any of the five accounts.

    A letter signed by the Chief Executive Officer of the FIC, Mr S.T. Essel, listed the accounts as DKM Mining, Transport, Shea Butter, Cement Depot, all limited liability companies, and DKM Gas Filling Station, all under the DKM Group.

    But in a swift rebuttal, the company denied any such actions by the two institutions, insisting that “we are a genuine financial institution registered under the Banking Act of Ghana and under no circumstance should we carry out any activity which is contrary to the approved regulations by the BoG”.