Four senior staff members of Banque
Internationale du Cameroun pour l’Epargne et le Crédit-BICEC bank in Douala have
been arrested and detained for their alleged involvement in a scam estimated at about FCFA 50 billion. They are accused of embezzlement of billions of CFA
francs. According to what we gathered one of the scams centered on carrying
out undue expenses. Newspaper reports say about three billion CFA francs (4.5 million
euros, $5 million) were made from 2008 and 2012 for furniture.
The four staff members
are accused of falsification, connivance in forging private documents, abuse of
confidence and aggravated scam but they have not been proven guilty. News reports say regional Central African
banking commission COBAC had in March estimated the theft at more than 50
billion CFA francs (76 million euros) between 2003 and 2015. However, BICEC is
yet to make an official declaration in relation to the alleged scam. Tongues are still
waging as to whether the forgery if true was not masterminded by many workers given
that the amount is huge and the length of time especially as controls are supposed to be carried out. This alone #DevelopingStory When News Breaks Out, We Break In. (The 2014 Bloggies Finalist)
No comments:
Post a Comment