Scandal on the port of Douala, lots of of billions evaporated! 💸🚨 – 2024-05-16 02:28:27

by times news cr

2024-05-16 02:28:27

The report is damning. In line with the conclusions of the Audit Chamber of the Supreme Courtroom, the Autonomous Port of Douala (PAD) is tormented by monetary embezzlement to the tune of lots of of billions of FCFA. On the coronary heart of this state scandal, Cyrus Ngo’o, the very controversial Director Basic nicknamed ” The Sicilian ». A case that shakes even the best echelons of energy.

An explosive report that torpedoes the administration of Cyrus Ngo’o 📊💣

Mandated by the Presidency of the Republic, the Chamber of Auditors scrutinized the administration of the PAD. And the statement is evident: lots of of billions of FCFA would have vanished into questionable operations, beneath the management of Cyrus Ngo’o. A brand new stone within the pond for the one which many already nickname ” The Godfather ” port. With this report, tongues are loosened and points resurface.

From PORTSEC to the Chantal Biya flirt, a waltz of billions 💰🕺

On this ballet of dizzying figures, a couple of instances symbolize the size of the catastrophe. PORTSEC first, this mission to safe the PAD at 50 billion FCFA, a part of which might have mysteriously ended up in accounts in Switzerland, Liechtenstein and the USA. The upkeep of the entry channel and the quays then, a supply of port congestion regardless of the 30 billion spent in 2021 to amass two dredgers. With out forgetting the unbelievable restore of the Chantal Biya dredger in Nigeria, initially billed at 1.3 billion earlier than hovering to three.2 billion. So many grey areas which have an effect on the administration of Cyrus Ngo’o.

The PAD getting ready to the abyss, 200 billion in debt 🏚️💸

Past the alleged embezzlement, the complete financial mannequin of the PAD is faltering. With a invoice estimated at practically 200 billion FCFA, the Autonomous Port of Douala is sinking into disaster. A crucial stage of debt which makes it the second most indebted public firm within the nation, as revealed by an unique investigation by 237online.com. An untenable scenario which jeopardizes the way forward for this nationwide financial lung.

Ferdinand Ngoh Ngoh, the benevolent shadow of the “Sicilian”? 🕵️‍♂️🤝

However because the proof mounts, Cyrus Ngo’o stays surprisingly untouchable. His secret? The safety of Ferdinand Ngoh Ngoh, the omnipotent Secretary Basic of the Presidency, nicknamed “The punk man”. The 2 males, already focused by prison proceedings within the PORTSEC affair, appear extra united than ever. To the purpose that Paul Biya, on directions from Ngoh Ngoh, ordered the Minister of Justice to droop investigations geared toward “The Sicilian“. An affect that claims loads about Cyrus Ngo’o’s connections on the prime of the state.

Justice obstructed, Republic flouted? ⚖️🇨🇲

This alleged management of Ferdinand Ngoh Ngoh over judicial investigations is just not restricted to the PAD. Within the Martinez Zogo affair, he would even have summoned the Minister of Protection Joseph Beti Assomo to cease the investigations of the navy magistrates, whereas the latter have been getting ready to request authorization to listen to “The punk man”. An interference which raises critical questions in regards to the independence of Justice and the rule of legislation in Cameroon.

Confronted with this scandal of unprecedented proportions, the Cameroonian folks have the proper to count on solutions. As a result of past the disastrous administration of the PAD, the complete governance of the nation is shaken. President Paul Biya, guarantor of the establishments, should make clear this matter, with out consideration of rank or affect. The way forward for Cameroon is at this worth.

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