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Banking sector: Caisse de Dépôts et Consignations continue their showdown with BEAC and Cobac

22/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The CDC of Cameroon and Gabon, the only institutions of this type currently operational in Cemac, oppose total supervision by Cobac.

In a press release published on April 17, 2025, the Caisse des Dépôts et Consignations du Cameroun (CDEC) confirms the persistence of differences between the parties on the issue of supervision of CDC activities by the Central African Banking Commission (Cobac). According to the institution led by Richard Evina Obam, underlines that during the work, “en dépit de la position constante et harmonisée” des CDC du Cameroun et du Gabon, “BEAC and Cobac continued to evade the fundamental problems raised by the CDC”. Among these concerns, the CDCE cites in particular the control of public and private funds by Cobac, the capacity of Member States to equip themselves with alternative financing tools, the absence of studies and figures justifying the alleged systemic risk, as well as the discrimination of which the State of Cameroon is a victim. She also noted the absence of a legal basis for Cobac's actions, the sovereignty of member states in the organization and management of their public services, or the non-subjection of public treasury accountants to

Cobac.
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