The Annual General Assembly of the Bamenda Police Cooperative Credit Union LTD-BAPCCUL took place today Saturday January 27, 2013 in Bamenda. Top on the agenda was election of members of the various management organs in conformity with the new workbook adopted by credit union delegates at the Cameroon Credit Union League-CamCCUL General Assembly of last December 2012.
|Musa Shey Nfor Bestowed Confidence for Accountability, Transparency|
Musa Shey Nfor was during that AGM voted unanimously as the President of BAPCCUL in what analysts described as a plebiscite. The elections that took place under the watchful eyes of the Divisional Officer for Bamenda II went into records as a “Referendum” whereby members had to choose someone who is up to the task, transparent in management, accountable and a leader who will ensure continuity. Nkudu Jean Pierre in his remarks insinuated that BAPCCUL any person or group of persons who would try to temper with the future of the growing microfinance institution will not receive any support from the administration. With this said, the Divisional Officer for Bamenda II went further to appeal for unity and not disunity in the credit union movement. Using the very words of the cooperators, Nkudu Jean Pierre called on BAPCCUL members to “save regularly, borrow wisely and pay promptly”.
On his part, Musa Shey Nfor presented a vivid account of the Bamenda Police Cooperative Credit Union LTD. He however observed that the year 2012 was full of challenges yet BAPCCUL amidst it triumphed giving that it registered a geometric rise in membership, capital, loan consumption as well as members’ savings. In a bit to crystallize facts, Musa Shey Nfor revealed that membership moved up from 21,072 in 2011 to 23,430 in 2012. On the other hand, members’ savings also rose from FCFA 418.028.560 to 500.988.725 in 2012. It therefore implies that BAPCCUL after all, has been growing from strength to strength. Before taking an oath of office, he reaffirmed that “ I will rather sacrifice my life like the gendarme officer did in Yaounde than BAPCCUL to crumble”. He used the opportunity to extend warm gratitude to legal experts, CamCCUL officials and other credit union delegates who made a significant contribution towards building a new workbook for the credit union movement in Cameroon known as the “Model Credit Union By-laws”. It should be recalled that during the meeting at the Bamenda pastoral center, the ministries of Finance, MINATD, MINADER and MINJUSTICE provided their guidance in the harmonization process that reduced the mandate of all elected officials to zero. During that meeting, it was revealed that 197 out of 199 credit unions of the CamCCUL network successfully voted for the harmonization process. And on the issue of mandate of elected officials, 159 credit unions voted for a three years mandate renewable twice and only 38 voted for a three years mandate renewable once. And on the eligibility of elected, that is, that whether all existing mandates should come to zero and fresh elections conducted for everyone (yes or no), a total of 171 credit unions voted for a yes representing 86.8%.
Following the above harmonization process, the newly elected board of directors of the BAPCCUL is made up of the following.
Musa Shey Nfor (President), Tumasang Florence (Vice), Ngwang Elvis Musa (Secretary), Djam Richard (Member), Asana Felicia (Member), Ngu Regina(member).It should be noted that Musa Shey Nfor was elected by acclamation reasons why it was not just a Referendum but was a Plebiscite by over 3000 members
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