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Former MASLOC CEO jailed 10 years for causing Financial Loss
Former Chief Executive Officer (CEO) of MASLOC Sedina Tamakloe Attionu was yesterday sentenced to 10 years in prison with hard labour while former Chief Operating Officer of MASLOC, Daniel Axim was also jailed for five years with hard labour.
They were found 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.
The two have been on trial since 2019. The state called six witnesses in all while the first accused person Sedina Tamakloe was tried in absentia as she absconded after obtaining the permission of the court to seek a medical check-up outside the country.
The second accused person, however, testified in person but did not call any witnesses.
The offences for which the accused persons have been found guilty border on the appropriation of monies meant for MASLOC activities between the period of 2013 and 2016.
In one of the instances, the convicts were found to have withdrawn GHc 500,000 as a loan for Obaatampa Savings and Loans company but demanded a refund of the amount when the financial institution refused to yield a 24% percentage on the matter.
Evidence presented by the state suggested that even though there was evidence of the said refund to the convicts, the same was not reflected in the accounts and books of the complainant institution MASLOC.
The duo were also found guilty of appropriating over 1.7 million Ghana cedis meant for a sensitization exercise. According to the facts of the case, MASLOC was expected to provide 20 Ghana cedis each for 85,300 beneficiaries amounting to the 1.7m cedis.
However, only 1,300 cedis was spent for the intended purpose with the rest being misappropriated by the convicts.
Equally, only 579,800 out of 1.4 million cedis was disbursed to the victims of an inferno at Kantamanso with the two accused persons appropriating the remainder.
The case also involved the purchase of some vehicles for MASLOC where monies disbursed for the said purchase were more than the market price of the vehicles at the time and a similar situation with the purchase of some Samsung phones.
The evidence suggested that the amounts were higher than the prevailing market price at the time even though they were bought in bulk.
Source: Citinewsroom
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
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Prophet Courage Heavens set to launch ‘Predestination’ book on March 23
Prophet Courage A. Heavens is set to launch the much-awaited book titled ‘Predestination’ on Sunday, March 23, 2025 at 5:00PM.
The launch, which is expected to impact lives, will take place at Crossgates Ministries, Flattop, off N1 Highway, opposite Angel Hauz.
The book is aimed at addressing the way people struggle to understand how free will and destiny align.
It is also aimed at providing clarity on God’s sovereignty and one’s place in His divine plan.
The various chapters of the book address various issues through scriptures and personal stories.
Committed to impacting society, part of the proceeds from the book will go into Courage Heavens Education Legacy (CHEL), an educational foundation transforming lives.
CHEL is dedicated to providing financial support and mentorship to brilliant but needy students, ensuring they have access to quality education and opportunities for a better future.
Prophet Courage Heavens is a prolific writer and previously authored Eli Eli Lama Sabachthani, a powerful book that encourages unwavering faith in times of trials.
In addition, he has written seven more prophetic and life-changing books that are yet to be published.
He is dedicated to raising the next generation for impactful ministry. As the leader of Crossgates Ministries, he nurtures believers in faith and purpose.
