Sikaman Lending Locks Up Client For Default Payment

Sikaman Lending Locks Up Client For Default Payment

A 50-year-old man, Mr Cash Abbey was locked up in a room of Sikaman Money Lending’s premises at Tabora Number 5 for defaulting in repaying a loan he took from them.

Hundreds of people besieged the premises of Sikaman, a microfinance company operating in Accra, after news spread that the company had locked up one of its customers for defaulting in the payment of a loan.

When plain clothed police men were called in upon a tip-off, the workers of the company refused to allow them to enter the place after several incessant knocks on the door and rather exchanged furious words with the police.

The doors were only opened about an hour later by a credit officer who identified himself as Emmanuel Asamoah after a reinforcement team from the Tesano District Police Command had arrived.

He claimed he was acting under the instructions of his superior who is the Branch Manager, Isaac Bruce when he was interrogated by the police.

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The client, Cash Abbey, had his clothes drenched in his sweat due to the heat in the room when he was rescued.  All the windows had been locked and air-conditioners  switched off as a result of a power outage in the area.

The police quickly arrested Asamoah after he opened the doors and later picked up Bruce.

Narrating his ordeal, the mobile phone dealer who was panting for breath, said he was locked up on the orders of Bruce who had invited him to discuss his loan repayment schedule.

According to him, he secured a loan of GHc2,500 from Sikaman Money Lending in July 2015 at the interest rate of eight per cent per month and promised repaying before the end of the month when “I was hit by a misfortune as my goods got missing so I could not honour my promise.

Meanwhile,the Tesano District Police Commander, Deputy Superintendent of Police (DSP) Edward Tetteh, told the Daily Graphic that the two staff of the company, Asamoah and Bruce were being held on charges  of unlawful detention of their client.


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