Wealth Builders Network closed in Ghana

Wealth Builders Network, a micro finance institution that was alleged sometime back to have been in operation in the country with no proper documents and collateral, information reaching this press indicates that their West Africa Regional Head Office in Ghana had been closed indefinitely by the Ghanaian State authority.

The closure of their Ghana office came up immediately after news alleging that they are operating in Ghana without proper documentation and that they are running a business with a lot of unanswered questions such as, they are alleged to have been involved in some money doubling, while sources from Ghana allege that they are operating with some al-Qadir movements, etc.

According to our sources from Ghana it was from this backdrop that authorities in Sierra Leone decided to first caution the office of the Wealth Builders in the country and at present, the High Court of the State has fined them for an alleged improper documentation, and also put a freeze on all their accounts in the country with the exception of their Swaziland account.

It could be recalled that the issue with the latter financial institution cropped up when stakeholders in the north raised serious concerned on their operations, which later resulted in police searching their operational offices all over the country, followed by court actions which went to fines, and now Ghanaians offices being alleged to have closed down indefinitely.

The concerned being raised by many Sierra Leoneans contacted by this press states that, if a well developed country like Ghana has closed the Wealth Builders office as alleged for improprieties, then why the Sierra Leone government is up to now holding onto them to still operate in the country?

However it is also alleged that government has frozen all their accounts in the country leaving them to square one and the unanswered million dollar question is, that of what kind of business Wealth Builders are engaged in to double or give an increase in like sum to their customers after depositing money to them for very short period?

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