Scores of aggrieved customers of Gold Coast Fund Management company today took to the streets to demonstrate their displeasure over the continued lock up of their investments with the company after the company was forced to close down.
Clad in red and black attire and bearing placards, the aggrieved customers demanded that government retrieve their funds for them.
“We are here to press home our demands for our funds. In fact, we are not happy with what is happening…some financial houses were closed but their monies were given to them. Gold Coast Fund has been struggling for almost a year now but nothing has been said to customers. We do not know our faith. We need the government to come out and go straight to the point,” one aggrieved customer said.
The customers blame the government for the state of the company holding their investments without any sign of possible retrieval. As part of the demonstration, some of the aggrieved customers held up placards that demonized the government over the state of the company.
“We are demonstrating to press home our demands for the government to make an intervention regarding our locked-up funds because it is by his financial cleanup exercise that has created this whole situation.”
“It is the government that has caused this mess. We were expecting the Securities and Exchanges Commission to intervene but they have failed to do so. 2020 is just around the corner, we will make sure we show the government the exit if they fail to intervene,” one other customer complained.
Gold Coast Fund Management, a member of Groupe Nduom, has been hit hard by the financial sector clean up by government. Just like its sister company, the defunct GN Bank, which has been closed down after it was first downgraded to a savings and loans company, Gold Coast Fund has had its customers stranded over the retrieval of their investments.