Fru Ndi Blames Paul Nji Atanga, Fuh Calistus & Musa Shey Nfor for Politicizing Credit Union Crisis



Ni John Fru NDI attending Azire Credit Union AGM as a member



Ni John Fru Ndi, SDF National chairman has castigated the politicizing of the CamCCUL/Credit Union crisis by some Northwest elite. Ni John Fru Ndi pointed accusing fingers at Mr Paul Nji Atanga, Minister of Special Duties at the Presidency, Dr. Fuh Calistus Gentry, Secretary of State for Mines, Industries and Technological Development as well as Musa Shey Nfor, the actual President of the Cameroon Cooperative Credit Union League-CamCCUL for politicizing the stalemate within the credit union movement which sprang up from the manipulation of the constitution. Ni John Fru Ndi, it should be noted made the statement today March 17, 2012 at the Bamenda Congress Hall where over 3.000 members of the Azire Cooperative Credit Union gathered to take stock of 2011 and project for 2012. Being a member of the Azire Credit Cooperative Union, Fru Ndi said he was surprise to read from newspapers that he was involved in the skirmishes rocking the credit union movement. He said that he (Fru Ndi) solicited a loan of 8 million FCFA from the Union Bank of Cameroon, and he was surprised that his loan application was taken to Yaounde as a lobbying tool that he was looking for money to fund his political program. Accordingly, Ni John Fru added that he was well informed that the documents which are suppose to be a secret between him and Union Bank were taken to Yaounde by Musa She Nfor who happens to be the Vice Chairman of Union Bank. And that while in Yaounde, the powers that be were made to understand that he wanted the loan from CamCCUL. “I want to know whether it is the credit unions that give loans or CamCCUL” he questioned. He also wondered whether the Azire Credit Union which is the largest in Cameroon cannot go solo. Ni John Fru Ndi also suggested that since it was difficult for members to draw a conclusion on the manipulation of the constitution and change of mandate at the level of CamCCUL, an ad hoc committee should be set up to study the situation and report to the General Assembly. He also mentioned the case of outgoing Northwest Governor Abakar Ahamat who was also blackmailed for suspending the salaries of Musa Shey Nfor and Nkwenti Simon. He snubbed at civil servants and especially teachers that have been receiving salaries for doing no work. It was thus adopted. Some members even suggested that Azire Credit Union should suspend the payment of dues to the league while another group was of the opinion that those whose mandate had expired and are in the Board should also step down.

Enter President of Azire Cooperative Credit Union

On her part, the President of the Azire Credit Union, Anye Judith lamented that ever since Union Bank was created, they are still to receive dividends on their investments. She also added that Azire Credit Union is the second highest shareholder but unfortunately they are not represented in the Board. She said she is a respecter of the rule of law and would fight for the law to prevail. Accordingly, she cited that in 2008, the laws were violated and mandate of executive extended to 5 years renewable once and now the same maneuvers are underway to change the by-laws to extend mandates.

On the other hand, the Registrar of Coop/GICs said all credit unions are governed by the law of 1992 and that the only Credit Union out of the huge number in the Region to have submitted a report to his office is Azire Credit Uniion but unfortunately, it was rejected because due to the fact that the league had impose a five years mandate and not three as stated by the law.