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Government Reiterated Commitment To Pay All Depositers Of Fund Management Companies

Pictures are for illustration purposes only.

Many aggrieved customers stepped up their game into the later part of last year 2020 in attempts to get their locked up investments.

Chief among these people are the aggrieved customers of defunct savings and loans institutions and fund management companies such as Gold Coast Fund Management Limited and Firstbanc Fund Management.

The president reiterated his commitment to pay every aggrieved investor during his state of the nation address (SONA) on 5th January 2021.

Many of these aggrieved customers however before the elections believed if they don't get paid before the elections, they might find it very difficult getting paid in the next four years under the same administration.

Well majority of them could not get their locked up investments before the elections and the administration which put the final nail in the coffin of financial sector managed to win the elections.

Will aggrieved customers of defunct Fund Management Companies therefore get their monies back?

It's going to be very challenging because the ruling government made frantic efforts to pay. At least that was what they told investors of locked-up funds before the elections. Indeed some people were paid while others were left in the dark.

We can only now hope that the ruling government will honor its words and do right by the people so as to promptly pay their hard earned funds.

Further delays can only pile up the suffering of these investors who through no fault of theirs got caught up in this situation.

If you funds have been locked-up and you have been paid, kindly comment on this article. Are the payments ongoing? Let us know in the comments section below the article.

Content created and supplied by: Shortly (via Opera News )

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