Business

Cameroon – Finance: Mrs I. D. Kondo replaces Innocent Ondoa Nkou as Deputy Managing Director of BICEC

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Written by Deckson N.

The new Deputy General Manager (Dept. GM) of the International Bank of Cameroon for savings and loans (BICEC), subsidiary of the French group BCPE, is I. D. Kondo, we learned from a legal notice published on 2 August 2016. She takes over from Innocent Ondoa Nkou, who spent about twenty years at this function.

As a reminder, the former Dept. GM of BICEC was forced to resign after the discovery, in February 2016, of a funds misappropriation network within this bank. Using several over-billed and fictitious invoices, regularly paid to service providers “via a system outside of the proceduree”, approximately FCfa 50 billion were thus embezzled over a 12-year period.

At the centre of this network, reveals a report from Cobac, the watchdog of the banking sector in the CEMAC zone, were two managers of BICEC: Innocent Ondoa Nkou, Dept. GM, and Samuel Ngando Mbongue, Director of Accounts and Treasury, who was dismissed with four other employees.

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Deckson N.

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