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Cameroon To Investigate Use Of COVID-19 Funds

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First with the News

Cameroon To Investigate Use Of COVID-19 Funds

This order comes after the campaign group Human Rights Watch raised concern last month about the "scant transparency" in the management of funds.

April 8, 2021
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Cameroon’s President Paul Biya has ordered an investigation into the use of Covid-19 funds, following allegations of financial embezzlement.

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Rising Oil Prices May Push Nigeria’s Inflation Higher – World Bank

This order comes after the campaign group Human Rights Watch raised concern last month about the “scant transparency” in the management of funds.

The group cited transparency was a pre-condition for getting loans from the International Monetary Fund, IMF to tackle the pandemic.

In April 2020, the health minister announced a $105m (£76m) response plan. The IMF approved a $256m emergency loan to help finance it the following month.

In October, it further approved $156m to finance the health system and help businesses and households affected by the pandemic.

The IMF now wants accountability on the use of these funds.

A letter signed by the Secretary General of the Presidency, Ferdinand Ngoh Ngoh, ordered the justice minister to investigate the management of funds allocated to the fight against a pandemic.

“I have the honour to pass on the high instructions of the Head of State prescribing the opening of judicial investigation against authors, co-authors and accomplices of cases of the financial embezzlement of the said funds,” the letter stated.

The virus has so far killed more than 850 Cameroonians with over 57,000 others infected.

 

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