ADVERTISEMENT

Microfinance company defrauds customer of over GHC12,000

A customer of Shine Credit Ltd, a micro-finance agency, has reported to the Police of being defrauded by the company of thousands of cedis.

___3772296___https:______static.pulse.com.gh___webservice___escenic___binary___3772296___2015___5___18___20___cedi

The company Shine Credit Limited, a microfinance agency, operates in Tema in the Greater Accra region and has been accused to have defrauded a customer of over GHc 12,000.

The customer, Michael Johnson, told Pulse.com.gh on Monday that, after several months of investing in a treasury bill at the Community 9 branch in Tema, the micro-finance company has refused to provide him his money, with or without the profit.

Johnson narrated his ordeal saying, "I invested an amount of 11,500.00 for a duration of 3 month and the money was supposed to mature on the October 29 ,2014 which i will receive a total amount of 12,362.50 but after four months, i did not receive the money from them despite several attempts. (paraphrase)"

Being fed up with company's lies, Johnson then decided to report the case to the police and a court summon was issued to Shine Credit Limited

ADVERTISEMENT

The Chief Executive Officer (C.E.O) of the company, David Sorinye then decided an out of court settlement, promising to pay the money in February which Johnson agreed. A new agreement was then signed.

The agrrement read;

Your investment was rolled over on the 21st November 2014.

ADVERTISEMENT

When the deadline for payment was due, things did not change. The company did not pay the money as promised and according to the victim, till date, all efforts by Johnson to get back his money or even get in touch with Mr. Sorinye and demand for answers has proved futile.

According to him, "anytime I go to their place of work to ask for the money, they give me many excuses, claiming their manger is to issue his signature before the money can be payed to me but he is not around but as soon as he arrives, they will contact me which obviously is all a pack of lies."

He added that, he sometimes offer to stay and wait but he ends up waiting for hours.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT