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« B'da Councillors, Gov't Delegate Draw Swords Again | Main | A Creative Response To Recovering Embezzled National Funds »

Saturday, 28 January 2006

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Dr A A Agbormbai

It is about time that the IMF begins to remedy its poor image by tightening the noose on President Biya. It has the knife and the yam to push President Biya to not only sack corrupt officials but to prosecute them and to recover embezzled government funds (in whatever forms they are).

Particular attention must be paid to the implementation of the debt cancellation to ensure that it doesn't become part of the £ billions that have been embezzled from the country.

The IMF must ensure that there are still strings to pull on the government to ensure that it does not reverse the good work that has been started.

It must be emphasised that we are only at the start of good times and that there is still considerable work to be done. It must also be recalled that old habits die hard; therefore, there must continue to be means to apply pressure on the government to continue what it has only just begun and to develop it into its fullest implementation.

Epizi

This is quite interesting to think of,It sounds even worst than meaningless,shameful ofcourse that the pressure to clean your house is put by an outsider,it must have been stinky to the point that it became a social extenality with featured globalised syndrome that shamefully replicates it self to the neigbouring economies in Africa.I think it should not be according to the Brettonhood institutions that we must fight out this scourge but for patriotism and posterity of our darling country.One thing I know for sure is that corruption can never be sent out by the regime that in itself is corrupted,there is need for a total overhauling of the system which must start from above.Unfortunately coruption is a web that is almost impossible to stop when poverty strive alongside and capitalist-merchantalist tendencies the order of the day.The fear we have is that the Brettonhood should not become overburden with this no progress of Cameroon and consolatorilly approve the HIPC funding, otherwise it will be another failure of an instituition expected to assist the commitment of alleviating poverty.Awesome yet to imagine how a country can operate with hopes in funds which have failed to come in past.God help Cameroon,maybe the grand ambition is to make matters wort for the poor Cameroonians,so that they start walking as beggars on the streets and doing odd jobs in the west so that the case might become so pathetic for the brettonhood to take the last option.

Nkosi Jacob

The fight against corruption in Cameroon is a melodrama fraught with soliloquies of the Godhead [BIYA] and sometimes dialogue in the form of moot submissions like conditions
imposed by international donors [IMF/WORLD BANK] and other countries that have so called strategic interest in the sub region. Having graduated from << ou sont les preuves>> several years ago to << il faut que cela cesse...>> it becomes really hard to guess the motivations of the Biya
oligarchy to earnestly fight corruption.
Perhaps we should ask some questions: who should inspire in us the will and the zeal to fight corruption?, where should the fight
against corruption begin? Recent events in Cameroon seemingly point to the fact that we have so comfortably accommodated corruption as way of life that it takes others to tell us-hei guys this gangrene of a thing called corruption is stinking.
For example it is rumoured amongst diplomatic circles in Yaounde that apart from the press conference held by the US Ambassador to Cameroon Neils Marquardt in which he denounced corruption and urged government to show concrete action in fighting corruption, this diplomat also personally handed in to President Biya a list of 58, some say 30 top civil servants, barons of the Biya regime who have very fat bank accounts. Their bank accounts are so fat that it sends one wondering how ordinary civil servants should suddenly become billionaires.Read the lead story of the French language daily LE QUOTIDIEN MUTATIONS (www.quotidienmutations.net) of Friday 27 January 2006.
Another issue props up when we hear of all this bluff about corruption. How much does the President of the Republic earn a month? How much does a minister and those who rank as such earn a month? On December 31 2005, while reacting to the President's speech, a former minister GARGA HAMAN ADJI expressed indignation on how ministers cash money illegally from the public treasury under the nose of Mr Biya. For instance a minister typically has
1.2MILLION CFA FRS/MONTH AS SALARY.
For those of them who double as Board Chairmen of State corporations they earn an additional
3.5 MILLION FRS CFA/ MONTH
If we include the usual Toyota PRADOS, DRIVERS, GUARDS, COOKS,ELECTRICITY,WATER & PHONE BILLS it gives us an idea of what happens up there.
The law stipulates that if a minister doubles as board chairman of a state corporation, he is not supposed to earn the additional allowance Board chairmen earn. BUT IN CAMEROON MOST OF THEM DO. Typically a minister who doubles as board chairman earns about 5 million frs a month. In one year he would earn about 60 million. Readers make a judgement of this situation for ourselves.
ARTICLE 66 CONCERN GROUP.

FONJONG

IMF: YOU ARE NOT WELCOME BY CAMEROONIANS.

The IMF according to me is an institution of INTERNATIONAL MONATARY FRAUDS.

If actually there is a good intention by the IMF and there are actually good economists in the IMF, then there was no ground for the IMF to give loan to the Biya regime.

Any individual, before giving loan to another individual or institution, must do his/her home work well.

There must be a good study of the beneficiary of that loan. Can the IMF tell us Cameroonians and the world, on what grounds was Biya's regime offered a loan? What was the credibility of the Cameroon government before the IMF decided to credit Cameroon? Is the IMF trying to tell us, Cameroonians that they were ignorant about Biya,s morals, socio-economics policies and the political nature of Biya, government?

How can an institution like the IMF give loan to a government that has won a "Golden BOOT" in corruption? Biya,s government has an outstanding record bribery, corruption, embezzlement, mismanagement of public funds, dictatorship, persistent and illegal arrests and detention of innocent Cameroonians. The economic growth rate of Cameroon is even unknown to the government. One thing is sure about the economic growth rate. That it does not grow at all. So, how bad are the supposed-to-be finest Economists of the IMF?

Can they tell us why they decided to loan the Biya regime that money? I know why. They (the IMF) know that they will in the end get back their monies triple-fold even at the expense of the suffering of the Cameroonian citizens. THey know Biya will not be affected in anyway. They know fully well that those to bear the borden are the poor Cameroonians. But the IMF like usual does not care about the socio-economis life of the citizens of their "beneficial" country.

Now you are in Cameroon. For what? To make sure that Biya increases taxes to the already "sick" Cameroonians, to make sure that Biya lay off workers, that salaries are reduced and prices are increased so that you (the IMF) would be able to get back your monies.

You should meet Biya in Europe or in America and not in Cameroon. You know fully well that he has bank accounts in France, America, China, Switzerland, Italy, Bahamas. Go and chase his accounts and leave the Cameroonian people in peace. This guy, is not representing the Cameroonian people. He is representing himslef, his family, his tribesmen and a few friends. Ask them for your monies. Did you the IMF sign any deal with the Cameroonian people? Where you ther IMF not asked by SDF (i am not of any political party) to stop financing this guy because he is not creditworthy? So, why did you go ahead to loan this scrupulous dude monies when there was/is all indication that Biya has a very poor record.

The IMF is also responsible for the misery and hardship the Cameroonians are experiencing today. You (IMF) sponsor DICTATORS and promote/encourage corruption and embezzlement of state funds.

Now you are talking about corruption. Was Biya a an angel when you were giving him loans? You did not know how long the neck of this guy is? You knew everything. You knew you were dealing with a fish with a large mouth and a very small anus.

So, i have decided to take you the IMF to court on behalf of the Cameroonian citizens. The banking principle states that a loan can only be given to a client who demonstrates a good aspect of credibility. Biya,s government had absolutely zero credibility.

So, you shall this year meet with my lawyers in Switzerland.

It is too much. The West (Europe and America) is dealing with us. Its time that we place persistent pressure on them while doing things ourselves.

This is going to be a historic case. But i am not into making history. I am contributing to make sure that my country gets her freedom and that people will be able to have an improvement on their life.

I can be contacted at: [email protected]

FONJONG

IMF: YOU ARE NOT WELCOME BY CAMEROONIANS.

The IMF according to me is an institution of INTERNATIONAL MONATARY FRAUDS.

If actually there is a good intention by the IMF and there are actually good economists in the IMF, then there was no ground for the IMF to give loan to the Biya regime.

Any individual, before giving loan to another individual or institution, must do his/her home work well.

There must be a good study of the beneficiary of that loan. Can the IMF tell us Cameroonians and the world, on what grounds was Biya's regime offered a loan? What was the credibility of the Cameroon government before the IMF decided to credit Cameroon? Is the IMF trying to tell us, Cameroonians that they were ignorant about Biya,s morals, socio-economics policies and the political nature of Biya, government?

How can an institution like the IMF give loan to a government that has won a "Golden BOOT" in corruption? Biya,s government has an outstanding record bribery, corruption, embezzlement, mismanagement of public funds, dictatorship, persistent and illegal arrests and detention of innocent Cameroonians. The economic growth rate of Cameroon is even unknown to the government. One thing is sure about the economic growth rate. That it does not grow at all. So, how bad are the supposed-to-be finest Economists of the IMF?

Can they tell us why they decided to loan the Biya regime that money? I know why. They (the IMF) know that they will in the end get back their monies triple-fold even at the expense of the suffering of the Cameroonian citizens. THey know Biya will not be affected in anyway. They know fully well that those to bear the borden are the poor Cameroonians. But the IMF like usual does not care about the socio-economis life of the citizens of their "beneficial" country.

Now you are in Cameroon. For what? To make sure that Biya increases taxes to the already "sick" Cameroonians, to make sure that Biya lay off workers, that salaries are reduced and prices are increased so that you (the IMF) would be able to get back your monies.

You should meet Biya in Europe or in America and not in Cameroon. You know fully well that he has bank accounts in France, America, China, Switzerland, Italy, Bahamas. Go and chase his accounts and leave the Cameroonian people in peace. This guy, is not representing the Cameroonian people. He is representing himslef, his family, his tribesmen and a few friends. Ask them for your monies. Did you the IMF sign any deal with the Cameroonian people? Where you ther IMF not asked by SDF (i am not of any political party) to stop financing this guy because he is not creditworthy? So, why did you go ahead to loan this scrupulous dude monies when there was/is all indication that Biya has a very poor record.

The IMF is also responsible for the misery and hardship the Cameroonians are experiencing today. You (IMF) sponsor DICTATORS and promote/encourage corruption and embezzlement of state funds.

Now you are talking about corruption. Was Biya a an angel when you were giving him loans? You did not know how long the neck of this guy is? You knew everything. You knew you were dealing with a fish with a large mouth and a very small anus.

So, i have decided to take you the IMF to court on behalf of the Cameroonian citizens. The banking principle states that a loan can only be given to a client who demonstrates a good aspect of credibility. Biya,s government had absolutely zero credibility.

So, you shall this year meet with my lawyers in Switzerland.

It is too much. The West (Europe and America) is dealing with us. Its time that we place persistent pressure on them while doing things ourselves.

This is going to be a historic case. But i am not into making history. I am contributing to make sure that my country gets her freedom and that people will be able to have an improvement on their life.

I can be contacted at: [email protected]

Nyamka

A saying goes that a drowning person will hold on a snake. In this case, the IMF is truly a snake after a warm snack.

Early this month, Argentina and Brazil (see http://www.imf.org/external/pubs/ft/survey/2006/010906.pdf) wisely sent the IMF packing from their capitals.

Annoyed by growing interference in their domestic economic policies, both South American countries surprisingly repaid in full their loans amounting to $25.06 billion to the loan shark (IMF); saving themselves interest payment of about $1 billion yearly.

That action places the IMF in a difficult position. With its high operating cost, the IMF must find another $1 billion (520,000 million FCFA) to plug the gaping hole in its 2006 FY earnings.

This contributor calls upon the Cameroon Government to adopt a tougher position with the IMF. The IMF is after earnings for itself and NOT necessarily the wellbeing of Cameroonians. At the same time, it is up to Cameroonians to stay with or reject the Biya Government.

The IMF will never safe Cameroon. Only Cameroonians can safe Cameroon.

Nkosi Jacob

Mr Nyamka
Thanks so much for providing us with such factual information in such a succint and mature way. It is true only Cameroonians will save Cameroon. That's why burgeoning economies like China are making these eye-raising strides . They don't need they the IMF. But if it is true that only Cameroonians will save Cameroon, it is more true that inorder to succeed we must avail ourselves of this cankerworm called corruption. We believe that this fight against corruption should start with the implementation of article 66 of the 1996 constitution. We therefore urge broadminded people like you to join us in the ARTICLE 66 CONCERN GROUP to make this dream come true.
cheers!!
ARTICLE 66 CONCERN GROUP

Dr A A Agbormbai

Good work Nkosi Jacob. I have always felt that if the truth ever came out about what ministers individually embezzle from the country, that FCFA 64 billion that Fru Ndi was once falsely accused of would seem like peanuts.

If that rumour about the US ambassador handing Biya a list of fat bank-account holders is true then this is a real opportunity for Biya and the new Finance Investigation Committee to take action both to punish these people and to recover the funds.

kumbaboy

The IMF is just another banker. The head of a family unit who invites a banker to come and fix his/her domestic finances has neither sense nor sensibility.

It comes down to self-discipline. A prudent and prospering family unit keeps its capacity to produce above consumption.

The trouble with Cameroon is that consumption exceeds production due to poor management.

No banker can resolve this problem. Don't blame the IMF. The country needs and deserves a new manager.

Nyamka

I support the Article 66 Group.

But first and foremost, we should unanimously call upon Mr. Paul Biya to declare his own family assets. He is not above the Law and should stop playing the fiddle.

Until Mr. Biya as supreme magistrate, sets a clear example by submitting to the law, he has no moral authority to persecute others. Those below him are mostly copying what they see happening above.

The passing of time does not exonerate anyone from past financial debts. According to Mr. Pondi ex-boss of Cameroon Bank (now in exile), Paul Biya and his late wife Irene Biya borrowed heavily from the Bank, failed to repay the loan and catalyzed the bank’s collapse in the eighties.

Watesih

How on earth can we expect something palpable from an institution that has always been on a fishing spree like the IMF.They have their nets and go round the world looking for the deepest seas.This is an institution that has a list of buraucrats ready to impose on people in the name of leaders .All the fuss about Alassane Ouatara in Cote D`Ivoire is just a blanket pulled over people`s eyes ,in order to comfortably impose a yesman that will show them the leeway to honey.This same Ouatara was Peter Mafany`s classmate in the US and did everything for his firstman to be appointed PM in Cameroon.I need not go into details ,because what happened afterwards is everyone`s guess. If the Chinese are breathing some fresh air today ,it is because they have learnt to say no to all these impostors.They always say their development has it own characteristics.The major characteristic of Cameroon`s development is that of a man trying hard to cheat his barber.

neba funiba

Hello Everybody:

From IMF/World Bank data, this is how Cameroon has done its borrowing from the IMF/World Bank (1967 – 2000):

From 1967 to 1982: $748.8 million

From 1983 to 2000: $1.661 billion

France loaned money to East Cameroon from 1960 to 1966 that is why it is not until 1967 that IMF/World Bank lending began. The terms of lending by France to East Cameroon, from 1960 to 1966, has never been made public. Also, it is important to note that whatever Cameroon owed to foreign countries and institutions before the currency devaluation of the mid 1990s, doubled after that.


Years of Extravagant Borrowing

Year --- Amount (in millions)

1982 --- $145.0

1985 --- $158.0

1988 --- $103.0

1989 --- $330.6

1994 --- $176.0

1996 --- $253.0

These are the amounts actually borrowed; the interest is not included.


During his tenure as IMF managing director (especially in 1989), Frenchman, Michel Camdessus visited Cameroon more often than any other Sub-Saharan African country and this is when Cameroon found it easier to borrow. In 1993 Cameroon was not able to borrow from the IMF/World Bank due to restrictions imposed by the Clinton Administration, so Biya survived 'Operation Ghost Town' through a $285 million (high interest) loan from France. In addition to all of the money borrowed, revenue was also coming in from SONARA and from the sale of agricultural products (such as from CDC). But what is saddening is that one cannot point to anything substantial that was done with the money. For example, only 2% of the roads in Cameroon have been constructed; that is, actually bulldozing virgin land and laying asphalt concrete. What is normally done is rehabilitation of roads that were constructed by the Germans. The British and the French did not do a damn thing. Oh, I made a mistake—something actually happened—the salaries of uniform officers increased by 500% since 1992. A Class 7 Graduate, who has gone through basic police training, earns more than a medical doctor in Cameroon.

The IMF/World Bank debt owed by Cameroon is not all of what the country owes. There are other debts owed to countries such as France and financial institutions such as African Development Bank, Islamic Development Bank, etc. One more unusual coincidence—when The Hague awarded Bakassi to Cameroon, France loaned about $24 million to Cameroon the next day, for work on the railway system. All the above including corruption and severe bureaucratic centralism are responsible for Cameroon’s current political conundrum/imbroglio and economic snafu; and are some of the facts that must be known when arguing.


NB: Watch out, someone will respond to this piece by saying that Neba Funiba is brainwashing the public and that there is peace and democracy in Cameroon.

ARTICLE 66 CONCERN GROUP

ARTICLE 66 CONCERN GROUP

There seems to be a general concensus that a vast majority of those who participate in this forum wholeheartedly support the fight against corruption as a hallmark of civilised societies. Such a fight should be inspired by an unending love for the motherland by those who rule and reign rather than the Bretton Woods institutions [IMF/WORLD BANK]. Indeed we need a leader whose love for his country is unquestionable like the newly elected President of Bolivia Evo Morales who has slashed his salary by half inorder to employ 6000 teachers that his country urgently needs. Morales' predecessors earned $3,900/month but he has reduced it to $1,875/ month. He has asked his ministers to do same. [read full story @ http://msnbc.msn.com/id/11064272/]
Now that this is working in South America, can it work in Cameroon?
The post newspaper in the article
"IMF BEGINS SCANNING CAMEROON'S TRIENNIAL PROGRAMME"
states that
"The Chairman of the National Anti-Corruption Observatory, disclosed recently that a circa 50 percent of the state budget goes into private pockets every year through various acts of corruption..."
The budget for the fiscal year 2006 is above CFA FRS 1000 BILLION. If about 50% of this amount is syphoned every year it gives us an idea of how the national economy is suffering in the hands of these superb leechers.
We have to believe Mr Manon because he is an insider and knows what happens in the government. Also he won't go to the press to embarrass the government with such declarations. Incidentally, while appointing new General Managers to state corporations last January 24 2006, the President named Mr Manon the Director of MAGZI. Doubling as the National Coordinator of ANTI-CORRUPTION OBSERVATORY would Mr Manon be exemplary enough to declare his wealth before he takes office? Lets wait and see!

Ejike Mouluh

On his maiden trip as head of state to the UK in 1985, Paul Biya sought a loan of $75m from the British Government. This loan was initially applied for by Ahmadou Ahidjo.

The purpose was to dredge sand from Douala sea port. Mrs Thatcher, as was reported at the time was well briefed on the matter. She advised Paul Biya to utilize the natural sea wharf in Victoria or offer the dredging contract in Douala to a UK firm.

Well, the contract in Douala is executed by a French firm. Loan was denied.

Another development was that in 1985, oversea student fees were just raised by Mrs Thatcher. Paul Biya came to England without the Minister of Education! He seem to lack energy. He made no case either about the cost escalation unlike the PM of Malaysia.

That was the first sign, I am afraid to say, that our man from Yaounde was incompetent.

Ndiks

IMF/WORLBANK tight-nit,and group of business scroungers and fly-by-night are searching for new revenue streams after being chased from Argentine etc.These scroungers have backed political fiasco in LRC,and so ,they can succeed in exploiting and stealing the resources for their benefit. Detail in the link under

http://www.larouchepub.com/other/2005/3250arg_brazil_imf.html

Dr A A Agbormbai

If all these billions that have been embezzled by past and present ministers are recovered it becomes possible to pass these gains to the people through reduced taxes, increased pay, and road building. Taxes must be structured according to income so that wealthy people pay more taxes than ordinary folk.

Henriette

A Hit Man Repents

A hit man repents

John Perkins didn't wield a gun - he wasn't even a paid-up CIA agent - but he did have nefarious ways of making countries around the world bend to the will of the US. Until, he tells Gary Younge, his conscience got the better of him and he looked for other ways to change the world

Saturday January 28, 2006
The Guardian

Full Story


Henriette

Riccardo


Henriette, Jacob, Nyamba and other Progressive Cameroonians,

Thank you for your contribution in this forum.
Biya and his government have to start to fight corruption by applying "Article 66".
By doing so, the President will lead the Nation by example.
"No one is above the Law"
Let's wait and see how this fight against Corruption will end.
Cameroonians are tired of seeing the ressources of our Country stolen by a few while the majority lives in poverty.
Enough is enough.
English and French Cameroonians stand up and fight for Democracy and Justice.
Our Country deserve better.
We shall overcome.

God Bless a United, Peaceful, Democratic and Prosperous Cameroon!
Vive la Republique du Cameroun!

Riccardo
Preseident Co-Founder
CAADIM (CAmeroonians Against the DIvision of our Motherland)
Americas Division.

dango tumma

demander aux chef bandit, d arrater
ses freres bandits en armes?
you cannot. give a list of fat account holders in foreign banks to the master embezzler himself, what is he going to do?
he is only going to say ok i will do some thing and do nothing.
hope these americans learn the thinking of these francophones bastards , the sooner the better. they re all pigs,lower than pigs in the word ans sense of it.
only southern cameroons got to remove itself
from these muddy pigs before its too late.

Nyamfuka'a  --UN(Rwanda)

Paul Biya ,you are a tif man with all yah ministers.My english is not guud but i know say your are balog man.
You guing to die bad die.You put high money tax for investisseurs ,so them have fuient Cameroun.You are making englophunes to suffa plenty.One day them go come and kill all you pipipeole and manageurs for gouvenements.
Balog1

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