Monday, December 10, 2018
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CAMEROON MINISTER ACCUSED OF BEING INVOLVED IN A 300 BILLION SCAM

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This news is coming from a Cameroonian Investigative Journalist based in Franc who has revealed that Cameroon’s Minister of Water and Energy has allegedly embezzled the Sum of 300 Billion CFAF wich was meant to supply portable water to yaounde and some neighboring localities.




This journalist Boris Bertolt, revealed on social media recently that the project, that is managed by French and Chinese Contractors, was allegedly over billed to the government at $ 950 Million, equivalent of 526,142,525,740 F CFA (Five Hundred and Twenty Six Billion, One Hundred and Forty Two Million, Five Hundred and Twenty Five Thousand, Seven Hundred and Forty Francs), insteadof its real costs, which stands at $ 350 million equivalent of193,833 374,558 F CFA(One Hundred and Ninety Three Billion Eight Hundred and Thirty Three Million, Three Hundred and Seventy Four Thousand, Five Hundred and Fifty Eight Francs).

He went ahead to disclose that the excess of $ 600 Million that is 332,256,780,598 F CFA (Three Hundred and Thirty Two Billion Two Hundred and Fifty Six Million Seven Hundred and Eighty Thousand Five Hundred and Ninety Eight Francs) goes as commission into the Private account of the Minister Water and Energy alongside the contractor.




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