Saturday, March 30, 2013

Iya Mohamed Wrap in FCFA 9 Billion Mismanagement Scandals at SODECOTTON

 The General Manager of Cameroon Cotton Company, cum President of FECAFOOT has been indicted by the budgetary and financial disciplinary committee of the Supreme State Audit for managerial errors. According to a communiqué issued by Minister Henry Ayebne Ayissi of the Supreme State Audit, the all mighty Iya Mohamed in his capacity as the General Manager of SODECOTTON committed administrative errors that resulted to the state losing FCFA 9 billion from 2005 to 2010. The communiqué further states that Iya Mohamed will have to pay a fine of FCFA 2 billion as fine for the errors he committed. Besides, he was also fined to pay FCFA 1 million for errors committed as the President of the follow-up of SODECOTTON sports complex. These errors resulted to the state losing 16 million FCFA. At the time of writing this story, we also gathered that the Supreme State Audit also indicted two audit firms in the SODECOTTON saga. Sources say recommendations from the Supreme State Audit are rife at that Iya Mohamed shouldn’t be trusted any public office for the next seven years or so. Iya Mohamed who recently is at daggers drawn with the Minister of Spots and Physical education is likely on an exit. Sources say he defied a ban by Sports Minister to continue with the elections within the decentralized structures of FECAFOOT and the fact that police disrupted the elections in Yaounde is indicative of his departure from public office. Another confidential source hinted that SODECOTTON Board is likely to eclipse Iya Mohamed next month. Another authoritative voice hinted that an extraordinary Board meeting has been scheduled for mid April whereby Iya Mohamed will be ousted. Yet we were reliable informed that the doors of Kodengui are widely open for newcomers and Iya is likely to be another new catch.  

When News Breaks Out, We Break In. Minute by Minute Report on Cameroon and Africa

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