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| CamCCUL Head office in Bamenda |
The representative of the minister of
Finance Mballa Benile cautioned credit unions to put an eye on those who borrow
big and turn to fight the credit unions in courts instead of repaying. He said
the government shall continue protect the interest of CamCCUL by providing
security in times of need and would not relent in the effort to recover those
who are out to crumple credit unions with such big loans. As to the question of
membership of CamCCUL the minister’s representative reiterated that affiliation
and disaffiliation of members in to or out of the network is regulated by
Cobac. Clara Ngwin representing the Minister of agriculture and rural
development lauded CamCCUL for granting loans to farmers under the PADMIR
project. According to her this is in line with government action to promote
second generation agriculture in the country. Julie Chiambi of the Bamenda City
council rather saw the pride of place given to Bamenda city with the
construction of such a beautiful giant structure to host the CamCCUL
headquarter.
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| Musa Shey Nfor CamCCUL President |
The Governor’s representative, Monono
Absalom Wolua who is Secretary General of the Region while declaring open the
AGM observed that the mass turn out by members from all the regions was proof
of the dearness to which the credit union is held. The credit union serves as
catalyst to development given the impact of the movement in capital
mobilization, poverty alleviation to improve living standards of members. The
Governor did not hesitate to observe that the fallout of the investments that
members undertake with loans obtained from credit unions benefits the entire
nation directly or indirectly with concrete example being the beautiful
building which is the pride of the regional capital today. He denounced
initiators of the blackmail that almost caused the administration not to
authorize the holding of this meeting in the structure but for the timely
dispatch by the Governor, a team of engineers carried out technical inspections
and declared the rumour as unfounded given that the structure had no crack nor
did it develop any signs of stress. The chief executive cautioned members to
identify shortcomings that could weaken the movement and make it to be unable
to withstand the pressure of dynamic, competitive and volatile forces from the
national and international environment. He promised members that government
shall continue to partner with CamCCUL as has been the case through MINADER,
MINEPIA and MINEPAT. The Governor applauded KENDELY Construction for realizing
such a gargantuan structure which stands out on the Commercial Avenue.
When News Breaks Out, We Break In. (The 2014 Bloggies Finalist)
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