MASLOC to publish names of loan-defaulting MPs

General News of Wednesday, 4 October 2017



MPs ParliamentFile photo

The Microfinance and Small Loans Centre (MASLOC) says it will in the coming weeks publish the names of some Members of Parliament (MPs) who have defaulted in repaying loans they contracted from them.

According to the Chief Executive Officer (CEO) of MASLOC, Mr Stephen Amoah, although the centre has written severally to the MPs involved for them to honour their obligations, they were yet to respond to the letters.

This follows a Daily Graphic report that the centre has confiscated more than 350 commercial vehicles, mostly taxis from individuals and groups who failed to repay loans they contracted from the MASLOC

He told the Daily Graphic that some of the defaulters were MPs from both the National Democratic Congress (NDC) and the New Patriotic Party (NPP).

He said in an attempt to have them repay the loans, his office had even petitioned the Clerk of Parliament on the issue but it was yet to yield any results.

In a radio interview on Accra-based Citi FM, Mr Amoah explained that the MPs involved took the loans for their personal use while others served as guarantors for a beneficiary.

When asked to disclose the identity of the MPs involved, Mr. Amoah said “It’s not every bit of information I can bring up because it’s a high house and I have to respect them…For the MPs, I won’t bring it to the public domain now.”

He noted however that his office has since given the involved MPs an ultimatum to repay, failure of which his outfit would publish their names in the dailies.

“We gave them ultimatum to repay if not we will publish their names. You will see from the coming weeks the names that we will publish. The whole nation will agree with me that we did all that we did to made the issue a bit more flexible for them but they’ve just decided not to comply. After that we are going to publish their names.”

He also noted that if after publishing their names the involved MPs failed to honour their obligations, MASLOC would take a legal action against them.

“…our lawyers will write to them, if they don’t we’ll take them to court,” he said.

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