The aggrieved customers have accused Legacy Fund Management of mismanagement
In a dramatic display of frustration and anger, hundreds of aggrieved customers of Legacy Fund Management from Tarkwa took to the streets of Accra on Thursday to demand the release of their locked-up funds.
The picketing, which took place at the company’s headquarters, saw customers chanting slogans, urging authorities to intervene and ensure they receive their investments.
The protest follows months of mounting tension between Legacy Fund Management and its customers, who allege that the company has failed to fulfill its obligations, leaving them unable to access their savings. Many of the protestors, including retirees, students, and small business owners, expressed deep concern over the financial hardships they have endured due to the unavailability of their funds.
The aggrieved customers accused Legacy Fund Management of mismanagement and a lack of transparency.
Several customers claimed they had not received clear communication from the company regarding the status of their investments, leading to widespread anxiety and distrust.
During the picketing, the leader of the protestors, Stanley Yeboah, said they submitted a petition to the Securities and Exchange Commission (SEC) of Ghana for immediate action to be taken. SEC, however, in a letter, ordered Legacy Fund Management to ensure that customers’ funds are returned without further delay.
Stanley Yeboah added that Legacy Fund Management did not heed SEC’s order.
As the standoff continues, the aggrieved customers have vowed to persist in their efforts until their funds are released. Today’s picketing is just the latest in a series of actions planned by the group, who are determined to see justice served and their investments restored.
