National Anti-Corruption Commission says Cameroon lost 15 billion FCFA in the management of the Nsam fire disaster
A 2014 report presented on Monday by the National Anti-Corruption Commission (CONAC) revealed that the state of Cameroon lost nearly 15 billion francs CFA in the management of the Nsam fire disaster of February 14, 1998. CONAC’s President Rev. Dieudonne Massi Gams, noted the amount of misappropriated funds under the management of the compensation for victims of the disaster totaled 14,743,183,736 F (fourteen billion 743.183 million seven hundred and thirty six francs).
According to the report, there were three sources of funding responsible for the management of the disaster which included the Foundation Grant of Petroleum Products in Cameroon; the Society of Petroleum deposits (PICS) and money from some government ministries. The management commission reportedly had a whopping 42.353 billion FCFA which the structures in question are unable to justify how the amounts raised were spent.
In terms of recommendations, the anti-corruption body stated that the Special Criminal Court should be asked to handle cases of irregularities in the management of the Nsam fire disaster. CONAC also revealed Cameroon suffered a financial loss of about 1,792,399,619 FCFA on the Memve’ele dam construction project.
Sama Ernest (Cameroon Intelligence Report)