Monday, December 01, 2025

Unveiling Tomorrow's Cameroon Through Today's News

Breaking

The national insurance company building in Yaoundé has been robbed.

This comes just a few days after the lower house of parliament was set ablaze to reportedly destroy evidence of gross financial misconduct.

The building doesn't house money or jewellery.

Only important documents about sales and expenditures are kept in the building situated in the Okola neighbourhood in Yaoundé.

So why did robbers attack the building?

Certainly to take away documents to destroy evidence of mismanagement or embezzlement.

The incident reportedly occurred on Thursday night breaking Friday, with the offices of the service head and those of people on special missions at the institution being the targets.

Real trouble!

The company is reportedly heavily indebted in spite of the steady flow of money therein.

Ministers Gregoire Owona and Alamine Ousmane Mey reportedly ordered an inquiry into the debts on November 17.

And the general manager is believed to be at the centre of all the drama, especially in the wake of the said inquiry.

It's reported that the debts could amount to over FCFA 50 billion.

About FCFA 17 billion is owed the personnel of the company, which is money generated as a result of pay increase which Mr Mekulu has reportedly refused to give to the personnel since 2014.

Assured people are reportedly owed about 34 billion, which is part of their insurance benefits.

And a lot more.

Local News

EditorialView all