Data Scientist and Policy Analyst, Alfred Appiah, has fumed over the news that former Microfinance and Small Loans Centre (MASLOC) Chief Executive Officer, Sedina Tamakloe-Attionu, has been acquitted and discharged by an Appeal Court.
The Policy analyst detailed that the Appeal Court decision sends a loud message to current and future looters.
He argued that two major financial loss cases- the $200 million Saglemi Affordable Housing project under the 2012 NDC, with charges against former ministers Collins Dauda and Kwaku Agyeman-Mensah dropped via nolle prosequi in February 2025
Also, Sedina Tamakloe caused the state GH¢90 million in financial loss, ran from justice, was tried in absentia and sentenced, brought back home, and now walks out acquitted.
Alfred Appiah argued that the two cases send a clear message to current and future looters that even if their party loses power, and they are charged and sentenced, they only have to outlast one election cycle.
In a post shared on X, Alfred Appiah wrote, “$200 million sunk into a project that never delivered a single habitable home. Charges against the former minister for causing financial loss to the state dropped.
GH¢90 million in financial loss found in the MASLOC case. Someone who ran from justice, was tried in absentia and sentenced, has come home, and now walks out acquitted.
Two cases. Significant public money gone. The state running Operation Recover All Loot has recovered nothing from either.
The message to those currently facing prosecution for causing financial loss is clear. Hold the line. Wait for the calendar. Wait for the next turnover.
The message to current and future looters is louder. Take as much as you can. Even if your party loses power, even if you are charged and sentenced, you only have to outlast one election cycle.
No deterrence. No prevention. Just a queue of cases waiting for the political weather to change.
Ghana akyi gu hɔ”.
His comment follows the Court of Appeal decision overturning Sedina Tamakloe-Attionu’s earlier conviction.
On Thursday, July 31, 2026, the Court of Appeal delivered its ruling stating that the prosecution had not established the allegations against Sedina Tamakloe-Attionu to the required standard of proof.
Sedina Tamakloe-Attionu’s acquittal and discharge means she is no longer liable for the convictions arising from the case.
Also, the detailed that it full reasons, contained in a 94-page judgment reasons for the unanimous decision will be released before the close of business on Thursday.
It will be recalled that Sedina Tamakloe Attionu was sentenced to 10 years in prison by a High Court in Accra.
The former MASLOC CEO was sentenced to 10 years in prison with hard labour for causing financial loss of GH¢90 million to the state in April 2024.
In 2019, the case began; however, during the course of the trial, Sedina Tamakloe travelled to the United States to seek medical attention.
Sedina Tamakloe was tried in absentia after failing to return to Ghana.
A former Chief Operating Officer of MASLOC, Daniel Axim, was also sentenced to five years in prison with hard labour.
Sedina Tamakloe and Daniel Axim 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 violation of public procurement law.
According to the Attorney General, the government of Ghana wants Sedina Tamakloe to serve her 10-year jail term in Ghana.
The development follows a U.S. Magistrate Judge, Daniel J. Albregts of the District of Nevada, ordering that the former MASLOC CEO, Sedina Tamakloe-Attionu, serve her 10-year prison sentence in Ghana.
According to reports, the US court ruled that sufficient evidence exists to support the extradition.
See the post below:
$200 million sunk into a project that never delivered a single habitable home. Charges against the former minister for causing financial loss to the state, dropped.
— Alfred (@CallmeAlfredo) July 30, 2026
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