Customers storm First Allied Savings and Loans in Kumasi

Customers at the First Allied Savings and Loans premises

Customers at the First Allied Savings and Loans premises

Customers of First Allied Savings and Loans, numbering more than 100, on Monday besieged the premises of the financial institution’s branch at Adum in Kumasi, to demand their monies.

The agitated customers, some, who forced their way into the offices of the institution, yelled as they maintained that they would not leave the premises if their monies were not handed over to them, as promised by the management of the institution, last week.

Interacting with the Ghanaian Times, some of the customers indicated that, the financial institution had denied them access to their savings for the past three months.

They also claimed it was an indirect confirmation of the rumours that the financial institution was at the verge of collapse.

The customers threatened to match to the Bank of Ghana (BoG), to help them collect their monies in view of the fact they had information that BoG would withdraw the licence of the financial institution, this week.

“Last Thursday, I came here to withdraw my money and I was told to come today for it, I am here now and they do not want to even talk to me or any other customer here,” one customer lamented.

Efforts made by the Ghanaian Times to talk to any official of the institution proved futile.

The action of the customers comes in the face of the current measures by the government to put the banking and financial institutions in the country in good position, by merging some of them in order to save the sector, and increase customers confidence.

 

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