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Tuesday, October 23, 2018
Menzgold
BUSINESS

Menzgold Suspends Payment of Dividends Again

Menzgold Shuts Down

Gold trading firm Menzgold has temporarily discontinued the payment of dividends to its customers today.

The company has also halted operations at all branches, a little over a week after it rolled out payment schedule for customers, PlugTimes.com can confirm.

After the roll-out, payment was suspended and the company communicated that it was revising the schedule of payment.

Subsequently, it set Friday, October 5, 2018 for customers to redeem their matured investment, however, it proved futile.

According to the company, the move comes after intelligence that its staff were likely to be attacked by aggrieved customers.

This comes less than 24-hours after PlugTimes.com broke the news that George Quaye has quit his position as the Head of Communications for Menzgold.

Some aggrieved customers have since threatened to take legal action against the company.

After the closure, some angry customers also stormed the East Legon office of Zylofon Media, a sister-company of the firm to register their displeasure.

Menzgold has however communicated that it will announce the way forward on Monday, October 8, 2018.

Source: PlugTimes.com

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