Cameroon Cooperative Credit Union League Takes Stock

Delegates nationwide are meeting at the Azam Hotel in Bamenda today, June 30, 2012 to take stock of 2011 activities and at the same time project for 2012. Addressing delegates Vincet Nji Ndumu, Government Delegate to the Bamenda City Council said CamCCUL has been a veritable partner in development. He also applauded CamCCUL leadership for the continuous fight against poverty and its effort in transforming the city of Bamenda.

On his part, the President of CamCCUL, Musa Shey Nfor told delegates and partners that he was so delighted and overwhelmed with the massive turn out which is a true testimony of their attachment to the credit union movement in Cameroon. He said the 44^th Annual General Meeting is just taking place six months after delegates met in Buea to review and validate 2011 activities. According to Musa Shey Nfor, credit union activities are different from the classical banking system. He expressed gratitude to delegates for visiting the construction project and lamented that though CamCCUL is apolitical some politicians have started interfering into CamCCUL activities. He also pleaded with the Head of state, President Paul Biya to look into the tax problems affecting category one Micro finances in Cameroon. These taxes he said “are heavily draining the resource that would have been used by members”. He also added that CamCCUL will be grateful if Government could intervene in the insecurity that plaguing CamCCUL. Musa Shey Nfor cited the case of the Kumba and Bamenda Chapters where there is an urgent need for special security measures. It is expected that at the end of the meeting, CamCCUL delegates would come out with a powerful communiqué to sanction recalcitrant move by some overzealous members painting the credit unions black.

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