Business News of Thursday, 12 April 2018
A former Deputy CEO of the Microfinance and Small Loan Centre (MASLOC) Mustapha Abubakar has described as mischievous allegations the forensic audit report indicating the immediate past Chief Executive Officer of the centre, Sedina Tamakloe Attionu.
The said report carried out by the Economic and Organised Crime Office (EOCO), among other things, revealed some financial malfeasance in several fraudulent deals including a GHc 500,000 investment in a 91-day fixed deposit with Obaatampa Microfinance Company Limited, at an interest rate of 25% per annum on July 24, 2014.
The former CEO, Sedina Tamakloe, in a letter dated August 28, 2014, however, instructed the microfinance company to terminate the investment and pay back the amount. But the report established that the money which was repaid cannot be traced.
The report recommended among others that the former CEO, Mrs. Sedinam Tamakloe Attionu be sanctioned in accordance with Section 92 (1) which provides that “Any person who contravenes any provision of this Act commits an offence and where not penalty has been provided for the offence, the person is liable on summary conviction to a fine not exceeding 2,500 penalty units or a term of imprisonment not exceeding five years or both.”
But Mustapha Abubakar in an interview with Accra-based Citi FM says the report is malicious and a tact by the current government to cover up the several corruption scandals the NDC is exposing about the ruling New Patriotic Party government.
He adds:” Sedina Tamakloe Ationu has been at EOCO on several occasion. She has responded with her lawyers on this particular matter. I think it’ll even be proper if not for diversionary purposes or for malicious purposes that whoever leaked this report to have the response of the former CEO.”