The Supreme Court has granted bail in the sum of GHc500K with two sureties to former Head of Operations of the Microfinance and Small Loans Centre (MASLOC), Daniel Axim, who was convicted and sentenced to five years imprisonment, pending his appeal.
The convict (appellant) was tried together with former Chief Executive Officer (CEO) of MASLOC, Sedina Christine Tamakloe Attionu, who was convicted in absentia and sentenced to 10 years.
Dissatisfied with his imprisonment, in April 2024, the former Head of Operations at MASLOC, Daniel Axim, through his lawyers led by Augustines Obour, filed an appeal against the conviction and the sentence.
However, the appeal, initiated over a year ago, has stalled, leading to his lawyers filing an application for bail pending appeal, having already served nearly two calendar years of his five-year incarceration.
On Wednesday, January 14, 2026, a five-member panel of the Supreme Court, presided over by Justice Amadu Tanko, admitted him to bail in the sum of GHc500K.
In addition to the bail sum, he is to produce two sureties, one of whom is to be justified with a landed property. He is also to report to the registrar of the Supreme Court.
The security for bail should be a landed property valued at the bail sum and verified by a land surveyor.
The court ordered that his passport be deposited with the registrar of the court and that he report every two weeks to the registrar of the court.
The registrar is to keep records of his reporting times to the court and issue a certificate if he fails to report for three successive weeks.
Meanwhile, the Apex Court panel, which also includes Justice Samuel Asiedu, Justice Senyo Dzamefe, Justice Philip Bright Mensah, and Justice Kweku Tawiah Ackaah-Boafo, directed the registrar of the High Court to transmit the records to the Registrar of the Court of Appeal one month from today.
The bail application, moved by Lawyer Augustines Obour, was opposed by Hilda Craig, a Principal State Attorney, who was led by Winifred Sarpong, a Chief State Attorney.
On April 16, 2024, the two were found guilty by the Financial and Economic Division of the High Court, presided over by Justice Afia Serwah Asare-Botwe, a Justice of the Court of Appeal, on all 78 counts, including willfully causing financial loss to the Republic.
The 78 counts include conspiracy to steal, stealing, causing financial loss to the State, causing loss to public property, improper payment of public funds, unauthorized commitment resulting in financial obligation for the government, money laundering, and contravention of the Public Procurement Act.
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