Former MASLOC boss pleads not guilty to causing financial loss to the state

Former MASLOC boss pleads not guilty to causing financial loss to the state

Former CEO of the Microfinance and Small Loans Center (MASLOC), Christine Sedina Tamakloe Attionu, has pleaded not guilty to causing financial loss to the state.

In addition to her denial of not causing financial loss, Sedina has also denied charges of stealing from the coffers of her former office.

Former MASLOC boss pleads not guilty of causing financial loss to the state

Sedina Christine Tamakloe Attionu. Source: Citifmonline.com
Source: UGC

The charges leveled against Sedina include seventy-eight counts of stealing and causing financial loss to the state.

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The charges were brought against the former MASLOC boss upon investigation by Economic and Organized Crime Office (EOCO).

Sedina Christine Tamakloe and Daniel Axim, a former Operations Director at MASLOC made their first appearance before an Accra High court yesterday, February 4, 2019 where the charges were preferred against them were read, and their pleas taken.

While the former MASLOC boss was granted bail to the tune of five million cedis with two sureties, the second accused persons were given bail at one million cedis by the court.

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Presenting details of the case, the court indicated that Sedina was accused pertaining to some GHC 500,000 investment that MASLOC made into Obaatanpa Microfinance Company Limited.

Apparently, Obaatanpa Microfinance having issues with high interest rate demanded by MASLOC returned the GHC 500,000 to Sedina.

After the new MASLOC CEO assumed office, checks made into the agency's records revealed that the GHC 500,000 that was returned by Obaatanpa had not been deposited into the agency's account.

The missing GHC 500,000 and some other alleged corrupt deeds were the reasons why Sedina has been dragged to court.

The case has been adjourned to 4th March, 2019.

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