The High Court in Accra has handed a 10-year jail term to a former boss of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe Attionu for causing causing financial loss of GH¢90 million to the state.
Daniel Axim, a former Operations Manager of MASLOC, who was charged alongside his boss was also slapped with a five-year jail term for raising memos 23 times, under the direction Attionu, for the collection of funds which were not used for the projects for which they were released.
This comes after, Justice Afia Serwah Asare-Botwe found them 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.
For instance, the two could not account for GH¢1,706,000 which was meant for a sensitisation and monitoring programme for 85,300 beneficiaries of MASLOC loans, and GH¢1,465,035 meant to support victims of the Kantamanto Market.
