Attorney General Appeals MASLOC CEO Acquittal

    Government seeks accountability in GHS 4.2 billion case involving former MASLOC CEO Sedina Tamakloe-Attionu.

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    Attorney General Appeals MASLOC CEO Acquittal

    Ghana's Attorney General and Minister for Justice, Dr. Dominic Ayine, has confirmed the government's decision to appeal the Court of Appeal's acquittal of former Microfinance and Small Loans Centre (MASLOC) Chief Executive Officer, Sedina Tamakloe-Attionu. This action follows the Court of Appeal's recent decision to overturn her conviction and 10-year prison sentence. The Attorney General insists this appeal is based on legal principles and the pursuit of accountability, not personal or political considerations.

    The Court of Appeal's unanimous decision by a three-member panel set aside an earlier judgment. That prior judgment had found Ms. Tamakloe-Attionu guilty of multiple offences. The appellate court ruled that the prosecution had failed to prove its case beyond reasonable doubt. This acquittal has sparked public debate regarding the effectiveness of Ghana's anti-corruption efforts and the integrity of public office.

    This case fits into Ghana's broader economic and political narrative of combating corruption and ensuring financial prudence in state-owned enterprises. MASLOC, a government agency, provides microfinance and small loans to individuals and businesses. Allegations of financial impropriety within such institutions can undermine public trust and hinder economic development. The government's stance underscores its commitment to safeguarding public funds and upholding the rule of law, especially in cases involving significant monetary values.

    Speaking on Thursday, July 30, Dr. Ayine stated he would refrain from commenting on the specifics of the Court of Appeal's decision until he had fully studied the judgment. He maintained that the decision to oppose the appeal was professionally justified. Dr. Ayine also affirmed its consistency with the government's commitment to accountability. He explicitly rejected suggestions that the appeal was politically motivated or intended to shield any individual.

    Dr. Ayine explained that he inherited the case docket and an extradition request. He personally reviewed the documents and accepted responsibility for the government's legal position. He emphasized that the decision was not about individuals, even revealing that Ms. Tamakloe-Attionu is a personal friend. He stated, "It's not about individuals. If it were about individuals, let me tell you, Serena is my friend. She's my personal friend. It's not about personalities. It's about this country."

    He added that the decision was made after consultations with legal officers at the Attorney-General's Department. This decision was based entirely on professional advice. The Attorney-General confirmed the government will carefully review the Court of Appeal's judgment before filing its arguments at the Supreme Court. This meticulous approach aims to build a strong case based on legal merit.

    The implications of this appeal are significant for Ghana's legal and financial landscape. A Supreme Court review will test the robustness of the prosecution's evidence and the appellate court's reasoning. The outcome could set a precedent for how financial crimes involving public officials are prosecuted and judged. Decision-makers and markets will closely watch this case, as it reflects on Ghana's governance standards and its attractiveness for investment. It also signals the government's resolve in tackling corruption within its institutions.

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