Zeepay has responded to reports suggesting it faces imminent closure over an alleged US$1.22 million debt, stressing that the matter remains before the courts and has not yet been finally determined.
In a statement issued by its management, the fintech company said the legal dispute involving Zeepay and other parties is currently awaiting a decision from the Court of Appeal. The company was reacting to media reports that it believes do not accurately represent the current status of the case.
“Following recent media publications concerning the matter involving Zeepay and other parties, we wish to inform our partners, stakeholders, customers and the general public that this matter remains before the courts, pending determination by the Court of Appeal,” the company stated.
Zeepay argued that some reports circulating in the media have created a misleading impression about the legal proceedings and indicated that it would address any inaccuracies through the appropriate legal processes.
“We note that certain reports circulating in the media do not accurately reflect the current legal position. These will be addressed through the appropriate legal channels in due course,” the statement added.
The company further explained that it would not comment extensively on the details of the dispute while the case remains before the courts, citing respect for the judicial process.
According to management, Zeepay remains committed to upholding the rule of law and believes the matter should be allowed to run its course through the appellate system.
“Accordingly, we will refrain from commenting further on matters that are sub judice, and we urge the public to treat unverified reports with caution pending the courts’ final determination,” the company said.
Zeepay also sought to reassure customers, business partners, employees and other stakeholders that its operations remain unaffected by the ongoing legal proceedings.
“We thank our partners, customers, employees and stakeholders for their continued confidence, and assure them that the Company continues to operate with professionalism and integrity,” the statement noted.
While the company did not directly address the specific financial claims contained in earlier reports, it maintained that the dispute remains unresolved until the Court of Appeal delivers its ruling.
The statement shifts attention to the ongoing appellate process, which is expected to determine the next phase of the case and clarify any legal obligations arising from the dispute.
For customers, investors and industry observers, the outcome of the appeal will be closely watched, particularly given the potential implications for Zeepay’s operations and reputation within Ghana’s growing fintech sector.
Source: Norvanreport
