Cameroon: 146 companies banned from publics markets for “fraud, corruption, etc.”
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Comments - Tuesday, 06 October 2015 02:58
(Business in Cameroon) - The Cameroonian Ministry of Public Markets just shut the door to Public Markets to 146 companies, sources involved revealed. The reasons for this ban are: “fraud, corruption and embezzlement of public funds”.
Besides this, no additional penalties were applied. Usually, in cases of ban such as this one, the various heads of the firms which were banned just change the name of their structures or managers to hop back unto the Public Markets train.
As a result to this, considering the imprudent investment these operators make but also the inefficient penalties from the Ministry of Public Markets, many projects are abandoned and various contracts wrongly implemented. For entrepreneurs, these phenomenon are generally blamed on the State itself which fails to pay its services providers on due date.
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