The Coalition of Aggrieved Customers of Menzgold in a statement has told government’s to include it members in the bailout package for depositors whose funds have been locked-up in some collapsed financial institutions in the country.
The customers say it will not be out of place if they are made beneficiaries of the bailout package since Menzgold fall under the jurisdiction of the Securities and Exchange Commission (SEC).
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“We write on behalf of members of the Coalition of Aggrieved Customers to request that customers of Menzgold Company Limited be made part of the beneficiaries of the bailout fund for depositors of collapsed institutions by Securities and Exchange Commission,” the Menzgold customers said in a statement.
Following an order from SEC to suspend aspects of its operations in 2018, Menzgold has since been unable to pay its customers their monies.
