Many residents within the Sunyani Municipality are up in arms against a private financial institution "Adom ne Odo Susu Company" which they claim has robbed them of huge sums of money. Victims of what appears to be a scam, besiege the premises of the company on a daily basis to demand a refund of their money but to no avail. When the Times visited the company's premises at the George Arthur Plaza on Friday, many people who said they had been duped by the company had gathered there. They said the company made them to contribute money in the form of "susu" with the promise that they would be granted loans. However, many months later the company has failed to give them the loans and also refused to refund their contributions, they said. Most of the victims are women involved in petty trading. One of them, Mary Yeboah, 54, alleged that she paid 100 Ghana cedis to the company in December last year but has not got any loan as promised. She has been to the company's office many times, but she never got a refund of her contributions. Another victim, Samuel Obiri-Yeboah, also a trader, alleged that last November, he contri buted 150 Ghana cedis to the scheme but got nothing in return. Each time he went there, members of staff of the company asked him to go and come at a later date. The acting Director of the Bank of Ghana in Sunyani, Ms Felicia Agbozo, told the Times that non-banking institutions such as "Adom ne Odo Susu Company" are not supervised by the Bank of Ghana. Rather, she explained, they fall under the supervision of the Ghana Co-operatives Credit Unions Association Limited (CUA). Checks at the Brong-Ahafo CUA offices revealed that 'Adom ne Odo Susu Company' has not registered with it and is not affiliated to it. The manager of the susu company, Doris Donkor, declined to comment, telling the Times to go ahead and publish whatever information it had. "I do not fear what appears in your papers," she said. The Sunyani police said no complaint has been lodged about the matter. This case comes about a decade after the collapse of two fraudulent financial institutions in Accra, Resource 500 (R5) and Pyram, which resulted in some people losing billions of cedis. Source: The Times