Former MASLOC CEO accused of causing Gh₵129 million financial loss to the state

The Attorney General (AG) has dragged former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe Attionu, to the Accra High Court for allegedly causing financial loss of more than Gh₵129 million to the state.

Madam Attionu and a former Operations Manager of MASLOC, Daniel Axim have been charged with 80 counts of stealing, wilfully causing financial loss to the state, money laundering, conspiracy, contravention of the public procurement act, among other charges.


Madam Sedina Tamakloe Attionu was the CEO of MASLOC between November 2013 and January 2017.

The two are being accused of embezzling various sums that were repayment of loans that people took from MASLOC between November 2013 and January 2017.

According to the AG, the two on many occasions, withdrew funds from MASLOC that were more than those approved by the board of MASLOC.

Madam Attionu has also being accused of contravening procurement laws in the purchase of certain vehicles for MASLOC

Madam Attionu and Daniel Axim  are expected to make an appearance before the Criminal Division of the Accra High Court on February 4, 2019 to answer to the charges filed against them.

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