Douala:Former Dep. GM of (BICEC),Innocent Ondoa Nkou, has been arrested

The former Boss of the International Bank of Cameroon for savings and loans (BICEC),Innocent Ondoa Nkou, has been arrested by authorities in Cameroon's Economic Capital of Douala.The arrest comes barely a few days after he was sacked as CEO,a position he held for about twenty years .The former Boss was detained alongside his close aides ,Ekoko Benoit, Samuel Ngando Mbongue, and Nyamsi Martin, for the alleged misappropriation of roughly 50 billions FCfa while serving at BICEC. 

Innocent Ondoa Nkou,was forced to resign as Deputy General Manager after the discovery in February 2016 of a funds misappropriation network within BICEC, using several over-billed and fictitious invoices, regularly paid to service providers “via a system outside of the procedure”, which amounted to approximately FCfa 50 billion of misappropriate money over a 12-year period.