The defunct gold dealership, Menzgold has changed the payment model of funds to its customers from cash to electronic.
In October this year, the company announced that it will begin paying all its customers their investments from December 20 to June 30, 2022.
As such, customers who claim their monies have been locked up would have to assemble at a designated office to receive their payment.
However, in a statement issued on Sunday 19th December 2021, the management said upon the advice of the Police, some changes have been made to the payment model.
“With due regards to the above basis, respect for authority and as law-abiding, patriotic citizens, our company consequently shall proceed to achieve the objective of the same payment by resorting to direct bank deposits, as we happily commence our final payments phase spanning from December 20, 2021, to June 30, 2022,”
Parts of the statement read.
Listing some 181 customers duebeingo to be reimbursed their funds, the management said they will be contacted via telephone by an authorized company representative, with dedicated phone numbers that would be made public to provide their bank details for payments to be made.
“Vetting of all the claims supporting documents received is still very much in progress; shortly after we’re able to complete this very meticulous, systematic, and very important exercise, we shall proceed to publicize all the tallies compiled as indicated in our October 7, 2021, publication prior.