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| Dr. Gora |
BREAKING
CASHFLOW: INVESTORS WILL RECEIVE THEIR DUES IN SEPTEMBER-GORA
By Gupiya Dickson
Wednesday, 30th August, 2017.
All things
being equal, those whose funds have been trapped with Cash flow Network Ltd
will heave a sigh of relieve as the company is set to give its investors their
dues on or before the last day of September, 2017.
This was
disclosed by the Chairman of Cashflow ABN Network Ltd and Time Micro-Finance
Bank Dr. Philemon Ibrahim Gora in an exclusive chat with African Drum Magazine recently who further expressed concern over
the suffering of investors over the years.
On his take
on the decision of some investors who resorted to legal action, he said that it
was in line with what is obtainable in democratic societies. According to him,
whoever that seeks legal redress is a peaceful person adding that it was for
the same reason that his company also approached the court when its account was
frozen by a government agency.
He however,
lamented the way and manner some judgments were delivered against his Company
without being served some of which involved men of God. According to Gora, “I
feel that men of God should know that if God wants to uplift you, He allows you
to go through storm and the higher the storm, the greater your miracle.
Everybody is aware that Cashflow has not crashed; it’s just that its account is
frozen and we have taken the necessary steps including legal option to ensure
that the issue is resolved. But as I said earlier, it is good for people to
seek redress in a court of law. At least that shows that there was a transaction.
Very soon, we will pay all our investors.
CashFlow is
a loan investment company and has also been trading on Forex among other
businesses for many years before its account with Diamond Bank PLC was frozen
by EFCC which has made it impossible for the Company to have access to over
N12billion in it. The development prompted the Company to approach the Court
and sought legal redress and judgment was delivered in favour of the Company
three years ago but all efforts by the judgment creditors to execute the
judgment has been impeded further prompting the company to take the matter to
the National Assembly and public hearing has been going on in the House of
Representatives until the house went on recess. According to Gora, the
discussion at the National Assembly involving all other government agencies was
very successful and as soon as the House resumes, the discussion will be
rounded up and the company will have access to its account. He called on the
government to reconsider some of its drastic decisions capable of discouraging
patriotic Nigerians with good ideas and resources wishing to contribute to our
nation.
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