LOOMING BATTLE!    

As the Economic and Organized Crimes Office (EOCO) frontally pursues the agenda to humiliate regime members of the erstwhile National Democratic Congress (NDC) government the current turn on Sedina Tamakloe-Attionu may be a herald to interesting days ahead.

This is because lawyers for the former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC) have given the clearest indication that they are more than prepared to play hard ball.

Already, a pointed warning to the media that legal action would be taken in response to any insinuations that might cast a slur on Mrs. Tamakloe-Attionu, has been duly served by her Lawyer, Victor Adawudu, in a statement that has been widely circulated.

Mrs. Tamakloe-Attionu is said to be currently out of the country on an important family assignment.

Following EOCO’s invitation to her in her absence on Thursday, May 4, her lawyers responded on her behalf, with Lawyer Agbesi Dzakpasu storming the EOCO head office in Accra yesterday morning. Upon his arrival, however, the Executive Director of EOCO, K.K. Amoah, was said to be unavailable.

Counsel is said to have approached the Deputy Executive Director, Nana Antwi, who is said to have fancifully retorted that he was not, ‘seised of the matter.’

Lawyer Dzakpasu is said to have presented their response in the form of a letter in which he requested the exact kind of information that EOCO wants from his client, Mrs. Tamakloe-Attionu.

The Deputy Executive Director, with fanciful legalese, then indicated that EOCO would have to be given time to get back to Mrs. Tamaklo-Attionu’s lawyers later. In other words, while EOCO was issuing that overly officious invitation to Madam Tamakloe for questioning, with all that aplomb, they did not have their questions ready.

Anyway, Lawyer Dzakpasu is said to have left them with the letter and rushed back to attend to other more important pressing issues.

Mrs. Tamakloe- Attionu resigned from her position at MASLOC in January, this year, ahead of President Akufo-Addo’s investiture on January 7.

Upon assuming office, Akufo-Addo quickly replaced Justice Tsar Yao, Acting Executive Director of EOCOm with K.K. Amoah, who seems to have since made it his business to use every trick in the book to persecute members of the former regime.

So far, Mr. Amoah has picked on former Chief Executive of COCOBOD, Stephen Opuni, and Ibrahim Mahama, younger brother of the former President.

In his over ambition to have his hands on Ibrahim Mahama, Mr. Amoah, at a point, had turned EOCO into an unsolicited debt collector for the Ghana Revenue Authority, issuing a high profile invitation to Mr. Mahama over some GHc12million that he was said to be owing the GRA at the time.

The unprofessional conduct of K.K. Amoah’s EOCO, which had given itself the benefit of the doubt to issue an ultimatum to Mr. Mahama to pay the debt, eventually forced a GRA Assistant Commissioner for Communication to come out and announce that the GRA has not commissioned EOCO to be its debt collector.

Ibrahim Mahama has since paid the debt.

Mrs. Tamakloe-Attionu is the third invitee to Mr. Amoah’s EOCO, and, from indications, EOCO might end up having eggs on their face again.

Between 2010 and 2016, a total budgetary allocation of GHc108,897,100 was approved for MASLOC; however, the government only disbursed GHc87,780,283.29.

Over the same period under Mrs. Attionu, MASLOC’s disbursement to beneficiaries was GHc147, 946, 406. 92. A difference of GHc60, 166, 123.63 had been gained through recoveries.

During this same period, MASLOC improved its recovery rate from an average of 29.88% at the end of 2008, to 64.79% by December 2016 through various measures, including the re-establishment of a functional Credit Risk Department, which was virtually non- functioning during the first NPP government led by John Kufuor.

Mrs. Attionu’s era had also seen the creation of a Recovery Unit to improve the recovery rate of MASLOC’s credit portfolio, while an obsolete Operations Manual had been reviewed.

The erstwhile NDC regime had also developed a three-year rolling Strategic Plan as a total amount of GHc147, 946,406.92 had been disbursed to 165, 755 beneficiaries from 2010 to 2016.

A total of GHc7, 378,610 had been disbursed as Small Loans to 2,132 beneficiaries, while GHc68, 095,216 had been disbursed as Group Loans to 151,548 groups.

The administration had also distributed vehicles worth GHc35, 782,701.21 to 1,110 beneficiaries. Also, tractors worth GHc2, 962,850.00 were distributed to 47 beneficiaries.

In the case of tricycles, 17,671, 400 had been distributed to 1,997 beneficiaries, even as Fishing Nets worth GHc2,175,321 were disbursed to 3,680 beneficiaries.

MASLOC under the NDC had distributed GHc6, 846,908.70 worth of outboard motors to 1,000 beneficiaries. Also, GHc7, 033,400.00 had been disbursed as Disaster Intervention to 4,241 beneficiaries.

Documents that The Republic has seen show that MASLOC had diversified its product portfolios, with notable new products, including a Tricycle Project, which comprises three main modules, namely the Open Bucket, the TVS Taxi, popularly known as “Yelow, Yelow Mahama camboo,” and the Van Tricycle modules.

Another is The Pin Project, which was designed primarily for the youth. It is a Mobile Credit Recharge Application which allows the vendor to sell recharged units of all the existing mobile networks electronically and directly from their phones.

Under Mrs. Tamakloe-Attionu, MASLOC had a strong Board which fully functioned with regular meetings. The Board went on retreats with Management and Staff and paid hands-on visits to beneficiaries.

Salaries of staff were rationalized and approved by the Fair Wages and Salaries Commission, while a Scheme Service was created and Staff Training programmes were instituted.

The Accounting System and processes of MASLOC were also streamlined. And these are things that the erstwhile Kufuor regime could not do.

Mrs. Tamakloe-Attionu’s lawyers are said to be lacing their boots to bring the evidence to K.K. Amoah and his EOCO.

 

 

Source: therepublicnewsonline.com/Fiifi Samuels

The Republic News Online

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