The Cameroon airlines corperation(Camair-co) has received State subsidies of about 95 billions FCFA since its creation as of the time of writing this report. alafnet.com also understand that between 2001 -2016 ,the state owned airline company was subsidized with a 45 billion FCFA from the Cameroonian taxpayers money of which current management has nothing to show of. It is widely reported that Camair-co owes all its partners and the state owned airline company’s ever increasing debt finally reached 53 billion on the 1st of July 2016.
Cameroon Airlines Corporation, trading as Camair–Co which was created on the 11th September 2006 by a decree of President Paul Biya of Cameroon,with the aimed of replacing the defunct Cameroon airlines.Camair-co had also benefited from a 45 billions FCFA subsidies from the West African state’s Treasury between 2006-2001,totally 95 billions FCFA in subsidies from the Ministry of finance(MINFI).
The question is where does this sucidies go to?.
It has already been widely reported by this publication and many others that Camair-co has been designed by ‘le trio’ Ferdinard Ngo , secetary of general at the presidency, Akame mfoumou,the president of board of administration, and Jean Nana Sandjo ,director general of Camair-co to ripe the Cameroon tax payer through retro-commission with West Acquisition Engine (WEA) LLC, incorporated in Delaware.
Articles
