A Former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), Sedinam Tamakloe has been sentenced to 10 years in prison with hard labour.
The Former Chief Operating Officer of MASLOc, Daniel Axim has also been jailed for five years with hard labour.
The two were found guilty on 78 counts of causing financial loss to the state, stealing, conspiracy to steal, money laundering, and causing loss to public property in contravention of public procurement law.
The trial of two individuals began in 2019. The state presented six witnesses in total during the trial. The first accused person, Sedina Tamakloe, was tried in absentia as she had fled the country after being given permission by the court to seek medical attention abroad. The second accused person, however, appeared in court and testified but did not call any witnesses.
The convictions stem from misappropriation of funds allocated for MASLOC activities between 2013 and 2016. In one instance, the convicts withdrew GH₵500,000 as a loan from Obaatampa Savings and Loans company, demanding a refund when the institution refused to provide a 24% interest rate. Although evidence of the refund was presented, it was not reflected in MASLOC's accounts.
The duo was also found guilty of misappropriating over GH¢1.7 million allocated for a sensitisation exercise, with only a fraction of the funds used for the intended purpose. Similarly, funds disbursed for victims of a fire incident at Kantamanso were not fully distributed, with a significant portion misappropriated by the accused.
According to the facts of the case, MASLOc was expected to provide 20 Ghana cedis each for 85,300 beneficiaries amounting to the 1.7m cedis. However, only 1,300 cedis was spent for the intended purpose with the rest being misappropriated by the convicts.
Equally only 579,800 out of 1.4 million cedis was disbursed to the victims of an inferno at Kantamanso with the two accused persons appropriating the remainder.
The case also involved the purchase of vehicles and Samsung phones for MASLOC, with funds exceeding market prices at the time.
Despite being bought in bulk, evidence suggested that the amounts paid were higher than prevailing market rates.
Source: Peacefmonline.com
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What of Cecilia uglii dapaah, let me guess she's been protected by that mon key called addo. Jail of corrupt politicians irrespective of their party colors. I CALL FOR A BLOODLESS COUP!!
The last commenter, you're clearly the one with a weak mind. If you want to make this issue political, we will go with that. Who told you there is no evidence of the massive corruption in Akufo Addo's government? Of course, as a mother serpent of corruption, he is not expected to subject any of his corrupt appointees including his relatives and his vice to investigation and prosecution, but wait until he leaves power. As typical of NPP, the lies they told about NDC, we all expected most of them to have been jailed by now. In 7 years, you have just been able to jail only 2 or so people who are believed to received around 20k or so. NPP is just too incompetent and they also don't have the moral courage to prosecute people because they are worse. You guys steaI into poly tanks and fill bedrooms, and bribe over 200k delegates with stolen money, you will see what will happen in the near future.
Timooo! You are very funny person. You gave very weak mind. NDC people jailed and you are here talking about what you have no evidence to proof. If we have this can of people how can we can develop as a country.
***barred word***. We need to lawfully bring Sedinam Tamakloe to Ghana , so she can be jailed. Good work Nana.
Abibata has done worse than this woman and her time will definitely come.She used workers salary for campaign during her failed primaries!
Good to know the law will deal with any ***barred word*** in the country. This is good news and needs to be continuous. However, this also give an indication there are more jail candidates in this NPP government.
This cr!minal must be shot dead... ev!l woman. shame on you. You will see your end.
@Amuzu, your kind are the promoters of political polarity in this country. People are putting their political biases aside and commenting in favour of Ghana, then comes you with your myopic mind. Do you want us to list the number of corruption scandals that have emerged in this NPP government? Or you want us to question the source of Bawumiah's funds that he used in bribing delegates? Don't start what you cannot finish, because in terms of magnitude, the corruption under the immediate past NDC doesn't come anywhere close to what has happened under this NPP government. We abhor any kind of corruption, small or huge, but don't come to act like you're clean when you are actually the devil of corruption.
But that is not all. These two deserve the jail them and I think it is lenient. They are robbers of the state and if an ordinary person commits robbery he/she gets over 20 years. More of their type are still roaming around and campaigning for office from both NDC and NPP. There should come a time where pilferers of the public purse would think twice
These NDC people eerr I don't know how to describe them, proper create, loot and share papapaaaa