Microfinance saga: Kidnapper of 3-year-old jailed 5 years

A man who kidnapped a 3-year- old, using her as a bargaining chip to demand money he invested with a microfinance company, has been sentenced to five years in prison.

Eric Otoo on the 4th January, 2016 took a 3-year-old girl hostage after enduring a frustrating and fruitless attempts to retrieve his investments from the child’s father, Daddy Brown of Jerryson FM in Nkoranza, Brong Ahafo region.

The radio station is owned by the founder of Jarstar Motors and Investment Company where Eric made his investments.

The girl was found at Nkronza SHS after the suspect, Eric Otoo, was lured to disclose the location.

He was arrested and arraigned before Techiman Circuit Court, where a Presiding Judge, Joan Eyi King said he was spared a stiffer punishment because he provided documentation that showed he was an aggrieved customer of Jarstar Motors and Investment Limited.

Jarstar Motors and Investment Company and some others have reportedly held deposits of their customers ‘hostage’ for several months due to closure by the Bank of Ghana.

The Managing Director of Jastar Motors and Investments and some three other companies were arrested by the Bureau of National Investigation. They have been granted bail.

Father of the kidnapper, Emmanuel Anyanba told Adom News says he is not happy with the judgment.

“What pains me most is the fact that he is only 22, very young and can do something better with his life than serving jail sentence,” he stated.

However, he added that his son’s case should serve as deterrent for other young people who kidnap others to use as a bait.

Emmanuel Anyanba called on the investment companies to pay back monies of the aggrieved customers to avoid a repeat of the incident.

He appealed to government to release the arrested managers to hasten the retrieval process.

“I am pleading with the President to step in and order the release of the managers so that the customers can get their monies back,” he added.


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