Cameroon:The provisional administrator of the Commercial Bank of Cameroon (CBC) dismised

The Central African Banking Commission (Cobac), the administrative organization of the keeping money segment, has quite recently released Martin Luther Njanga Njoh from the position of temporary director of the Commercial Bank of Cameroon (CBC). He was quickly supplanted by Anne-Rose Bongo.

Delegated temporary director of this bank in trouble in 2009, Martin Luther Njanga Njoh was frequently critised on the control of the restructuration procedure of this save money with Cameroonian capitals, especially by getting a compensation and advantages considered galactic by the chronicled shareholders of the bank.

Far more terrible, Martin Luther Njanga Njoh is as of now confronting two lawful suits at the Special Criminal Court, for misappropriation of over FCfa 3 billion out in the open assets. This aggregate speaks to the charges unduly got by controllers at the Cobac, and additionally leases which were not routinely paid to the proprietors of the structures lodging the branches and the home office of the bank.

As an update, CBC was set under interim organization in 2009. Announced under restructuration in mid 2013 for a time of 6 months, this bank made by tycoon Victor Fotso still anticipates the usage of its corporate bodies, which would connote the end of the restructuration stage
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