Nhyiaeso MP
Nhyiaeso MP Stephen Amoah

Chief Executive Officer (CEO) of Microfinance and Small Loans Centre (MASLOC), Stephen Amoah, has reacted to claims that his outfit had spent GH¢ 1.1 million on a forensic audit to indict Sedina Tamakloe-Attionu, former CEO of MASLOC in a financial impropriety case of GH¢ 2.2 million.

Speaking in an interview on Adom FM’s morning show Dwaso Nsem on Monday, he confirmed that the said amount was paid to the auditing firm.

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According to him, the amount was not meant to pursue the case involving Mrs Tamakloe-Attionu but also, three other cases of financial impropriety of which one involved GH¢ 52 million.

“It is not true we spent GH¢ 1.1 million cedis to audit a GH¢ 2.2 million financial impropriety case against Sedina Tamakloe-Attionu, the money she is being audited for by the forensic auditors is over GH¢52 million,” he said.

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He said the amount paid to the auditing firm for its service was around 1.8 per cent of the total amount being audited for; an amount he claimed was less than the usual amount charged by most auditing firms.

Mrs Sedina Tamakloe-Attionu, onetime boss of MASLOC for alleged widespread acts of corruption, inflation of prices of projects, misappropriation of several millions of cedis and causing financial loss to the State.

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Mrs Tamakloe-Attionu has, however, denied the allegations leveled against her.