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Panic in Douala business community as Agriculture Minister is heard at the Special Criminal Court

Following the first appearance of the Minister of Agriculture and Rural Development Lazare Essimi Menye at the special criminal court on Tuesday the 13th of January 2015, Cameroon Concord has gathered that thirty Cameroonian investors received loans valued at several hundred millions without refund- among them some with international partners. The special criminal court developed curiosity on why Alamine Ousmane Mey, the current Minister of Finance did not pursue the securitization undertaken by his predecessor Lazare Essimi Menye between the state of Cameroon and Cameroon Atlantic Bank.

Cameroon Atlantic Bank was engaged in the restructuring process of Amity Bank Cameroon PLC in a Memorandum of Understanding in Douala on the 10th of January 2008, approved by Ministerial Order 0000043 / Minfi of 19 September 2008, after due notice of the Banking Commission of Central Africa (COBAC). In this case Minister Lazare Essimi Menye is the only one to have been heard by investigators at the special criminal court. The matter that promises twists and spreads has already rocked the Cameroonian business community in Douala as many prominent businessmen are suspected of being involved in the case of 9 billion Fcfa in Amity Bank.

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

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