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| Musa Shey Nfor |
The President of Cameroon Co-operative
Credit Union League-CamCCUL has declared that the final count of option of mandate
and term of office of elected officials of Credit Unions in the CamCCUL Network
was officially done in conformity with recommendations of the Minister of
Finance.
In a Press briefing today
December 4, 2012 at the CamCCUL Head office in Bamenda, Musa Shey Nfor revealed
that the voting took place in 197 credit unions out of the 199 that make up the
CamCCUL network. According to the President of CamCCUL, 159 credit unions voted
for a three-year mandate renewal twice (representing 80.7%) while 38 credit
unions voted for three years renewable once (corresponding to 19.3%).
According to Musa Shey Nfor,
all the chapter of CamCCUL nationwide voted overwhelmingly for three years
renewable twice and a “yes” for mandates to be brought to zero except the Nso
Chapter that voted against the two options to harmonize the system.
On the condition of
eligibility of elected officials and on whether the existing mandates should
come to zero and fresh elected organized, Musa Shey Nfor told the Press that
out of the 199 credit unions, 171 credit unions voted for the mandates of all
election officials to come to zero and for fresh elections to be conducted. He
added that the MODEL CREDIT UNION BY-LAWS go into effect as of January 1, 2013,
which implies that the harmonization process will go on inline with the adopted
majority.
Fresh elections he said will be
organized in all the credit unions under the supervision of CamCCUL while
elections of the Board Members of CamCCUL shall be conducted under the
supervision of the Ministry of Finance.
He noted that considering the
nature of the process, which required constant movements in the field, it is
resulted to some members not paying their loans at the agreed moment. He also
revealed that some clauses that hindered members to go in for elective
positions would be harmonized to give all members equal opportunities to
contest for elective positions. On the new approaches and modalities that come
along with the harmonization process, he also talked elaborately on the ADR,
(Alternative Dispute Resolution) which is intended to dialogue with delinquent members.
He regretted that this committee is coming to wipe-off the notion of the credit
unions knowing lawyers. “we will move from know your lawyer to neigbour” he
added. Musa Shey Nfor also added that following the harmonization process, the
biggest credit unions affiliates of CamCCUL shall be grouped under what would
henceforth be known as G36.
When News Breaks Out, We Break In. Minute by Minute Report on Cameroon and Africa
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