MTN Ghana has announced that it has finalized modalities to disburse GH¢12.288 million to victims of Savannah Brokerage Investment(SBI) limited.
A press release by the telecoms giant said the decision was taken after management met with the representatives of the victims of the “Ponzi scheme”, the Ghana Police and the Bank of Ghana.
According MTN, the police has since initiated a process to secure a court order to unfreeze the wallets to facilitate the disbursement.
Out of the money to be disbursed, GH¢12.096 million remains the actual amount frozen by the Mobile Money limited with GH¢192,297 million being the interest generated over the period.
MTN after the meeting with the stakeholders also set up a guide on how to disburse the funds. This includes;
MTN uncovered the suspected Ponzi scheme a few months ago and took steps to safeguard the interest of its customers by reporting the case to the Regulator and the Police. MTN was then authorized to freeze the wallet for investigations to be conducted.
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