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NDC ‘Evil Thinkers’ tag MASLOC with Corruption -CEO

November 19, 2020 By 0 Comments

The Chief Executive Officer (CEO) of the Microfinance and the Small Loans Centre (MASLOC), Mr Stephen Amoah, has debunked corruption allegations levelled against his office.

The CEO says the unfounded corruption tags by the opposition National Democratic Congress (NDC), whom he described as “evil thinkers,” have only been fabricated to soil the image of MASLOC, with its CEO as the main target.

According to him, the NDC had on several occasions fabricated stories to tarnish his hard-earned reputation, but failed in their attempt.

Addressing a news conference in Accra yesterday, the MASLOC CEO stressed that: “The allegation of stealing GH28.8 million is nothing short of a palpable falsehood meant to denigrate the hard-earned reputation of the CEO of MASLOC.”

He continued that: “It is interesting to note that the propaganda material which was thrown on the social media space lacks credibility and must be disregarded entirely.”

He however used the opportunity of the press conference to send a message to the NDC and its cohorts that no amount of propaganda and smear campaign against his person would stop his administration from working.

“Ask those who were familiar with MASLOC before President Nana Akufo-Addo took over and now, and they will tell you the difference,” he added.

The CEO was responding to allegations of importing 1,800 second hand cars in 2017, disbursement of cash in the Nyiaeso constituency in 2019, procuring the services forensic auditors without due procurement processes.

Setting the records straight, Mr Stephen Amoah, on the forensic auditors, indicated that the financial implication of the scope of the investigation amounted to GH120.7 million. HE noted that was to cater for the scope of assignment which was to conduct forensic investigation into the operations of MASLOC pursuant to section 14 (3) of ACT 804.

The audit firm, Barfour Awuah and Associates, according to the MASLOC CEO, was appointed by the Economic and Organized Crime Office (EOCO).

On the importation of cars, the CEO indicated that in August 2017, the date the propagandists quote, “the Centre had at that time not imported any such cars.”

Responding to the distribution of cash in the Nyiaeso constituency, the CEO said that NDC concocted a story of him distributing MASLOC funds to his party supporters at Jubilee Park.

“To begin with, the said Jubilee Park is not in the Nyiaeso but Akwetia Line in Subin Constituency. The said exercise was conducted for Kumasi Central Market Women.

“On 4th October 2019, the Centre distributed cash of GH1000 each to one thousand beneficiaries drawn from the Kumasi Central Market. The disbursement at the Kumasi Central Market is no exception to the practice that has been in place since the inception of the Centre (2006 to date).

“In disbursement of that size, the CEO and other senior management are usually invited to grace the occasion. The fact remains that this disbursement was not conducted in the Nyiaeso constituency where Mr Stephen Amoah is a Parliamentary Candidate,” the statement read.



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