$62m hole in Cameroon state coffers

2011-11-12 08:24

Yaounde - A probe by Cameroon's anti-graft body found that $62m in public funds had been lost or embezzled, according to a report, a copy of which was obtained by AFP Friday.

The National Anti-Corruption Commission (Conac) said in its first report since its creation by President Paul Biya in 2006 that the money had gone missing from the public works ministry, the general treasury and the maize industry.

"The budgetary resources the state invests in road building would be enough to build three times as many roads" if corruption were eradicated, the report said.

The report is based on investigations conducted by Conac in 2009.

Biya in 2006 launched an anti-graft campaign named Operation Sparrowhawk.

But foreign watchdogs say Cameroon remains one of the world's most corrupt states and that billions have been siphoned away under the 30-year-old regime.

Read more on:    paul biya  |  cameroon  |  central africa

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News
Horoscopes
Aquarius
Aquarius

The full moon is in your sign emphasising your fast and innovative mind. Your nervous system may take strain if you are juggling...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.