Accent financial begs for time over locked up cash: Accent Financial Services has assured customers it has commenced processes to pay all outstanding arrears owed customers.
According to the management of the company, the new plan should help it fulfil its mandate as soon as possible.
This follows some agitations from customers over their inability to retrieve their locked up cash from the company.
The latest development comes three months after Citi Business News broke the story about customers agitating over their locked up cash at Accent Financial Services.
At the time, customers lamented how they have been finding difficulty in retrieving their monies for the past six months.
But a letter on the payment plan offered affected customers and sighted by Citi Business News stated that the company has engaged a debt recovery firm to recover all outstanding debts to enable it meet its clients’ needs.
Excerpts of the letter dated 18th January 2018 and signed by Acting Managing Director of Accent Financial Services Philip Morgan-Wuntomi read;
“In a quest to liquidate customers’ matured investments, the company has engaged a debt recovery firm to recover all monies due it from defaulting customers which have already commenced.
Prior to the commencement of the recovery exercise, some defaulting companies who failed to redeem our investments with them had released for sale lands running into over 800 acres, with an estimated value of sixty-four million Ghana cedis which is enough to satisfy customers’ matured investment”.
The letter further said, “Accent will not hesitate to release as settlement of its financial obligation towards its customers, some part of the lands to interested customers who are willing to accept same as payment of their matured investments”.
“In the light of the above, and considering the perilous state of the company, we would be most grateful, if you could agree to freeze the running interest to enable us plan and liquidate all customers matured investments” it concluded.
Meanwhile, the agitated customers say they are hopeful they will retrieve their locked up cash with this new announcement by the company.
Source: Cititfmonline
