23, June 2016
Cameroon: Audit Bench of the Supreme Court publishes its 2014 report 0
The Audit Bench of the Supreme Court has published its 2014 Report in which it strongly requests chief accountants in public institutions to henceforth unambiguously designate in the management accounts submitted to the Audit Bench, the authors of deficits and get them to sign finding minutes with view of reimbursing.
More so, the chief accountants are expected to prepare “deficit files” to be submitted to the Directorate General of Treasury, Financial and Monetary Cooperation for their transformation into “administrative deficits” if reminders of reimbursement to authors of such deficits prove futile.
This is one of the five new recommendations contained in the report which was presented yesterday, June 22, 2016 in the Senate during the Sixth Exchange Forum between members of the Budget and Finance Committee of the Senate and the Audit Bench of the Supreme Court.
In the presence of Senate President, Marcel Niat Njifenji and the entire chamber, the President of the Audit Bench, Marc Ateba Ombala, said sharing the findings of the ninth Annual Public Report with Senators was a requirement of the law creating the Audit Bench.
All 13 management accounts by public accountants were submitted. However, irregularities noticed and punished included insincerity in the sequencing of balances and discrepancies between figures entered in the management and administrative accounts, amongst others.
A study of supporting documents also revealed the absence of mission orders during missions, absence of receipts and unstamped bills in public procurement procedures as well as undue allowances paid to staff. Besides the report, Senators were also debriefed on Budget Balance by two officials of the Supreme Court, Pierre Kameni and Elie Désiré Ndjom Nack.
Cameroon Tribune
23, June 2016
Corruption scandal rocks SODECOTON as 580 million disappears from company coffers 0
The CEO’s of public companies in Cameroon have continued their CPDM policy of looting in the open. This is the case with the Cameroon Cotton Development Company, SODECOTON, where 580 million FCFA have been stolen recently. Cameroon Concord News learned that SODECOTON created in 1974 by the Cameroon government is facing the worse ever financial crisis in its history.
Our chief intelligence officer hinted at the time of filing this report that a dozen company executive members have already been interrogated by prosecutors at the Special Criminal Court and 6 of them are in police custody. A sister publication, Cameroon Intelligence Report revealed that some of those highly placed SODECOTON officials arrested over the week end were transported to Yaoundé by a military plane from Garoua including the out gone general manager, Abdou Namba.
This is not the first time that cases of misappropriation of public funds have been reported in Sodecoton. In 2007, more than 174 million CFA francs disappeared from the state enterprise. The funds were reportedly diverted to Cotton Sport Garoua- a football club partly owned by SODECOTO.
The most recent case is that of Iya Mohammed, former general manager of Sodecoton, serving a 15 years sentence at the Kondengui central prison. He was charged in September 2015 for embezzling 11 billion FCFA.
Tambe Peter (Cameroon Concord News Group)