Work of Forum for Justice and Banking in CEMAC comes to a close

The Forum, which took place on 19th and 20th July in the Republic of Chad, organised by the General Secretariat of the Central African Banking Commission (COBAC), and overseen by the president of that institution and Governor of the Governor of the Bank of Central African States (BEAC), Abbas Mahamat Tolli, had the main aim of analysing and debating various general and special rules in the banking sector, in addition to litigation by national and community judges on the basis for these laws.

The meeting, which took place in the city of Yamena, served as an opportunity to interact, on the one hand, regarding the general and special rules in the banking sector and, on the other hand, regarding the management of litigation by national and community judges on the basis for these laws.

The opening ceremony for the work of the forum began with words of welcome from the Chadian Minister for Finance and Budgets, Christian Georges Diguimbaye, who in his address recalled the challenges faced by other authorities in countries in Sub-Saharan Africa in the construction of sub-regional institutions for integration in the political, economic and monetary spheres, with the creation of courts and community bodies.

The first session of the Forum, regarding the interaction between business and banking law, and overseen by the State Inspector General from the Republic of Chad, Ali Senoussi Mahamat, was made up of various presentations, such as those from the Permanent Secretary of the Centre for Judicial Studies from the University of Yaunde, the Cameroonese Alain Kenmogne Simo, and the Beninese Cossi Dorothe Sossa, Permanent Secretary of the Organisation for the Harmonization of Business Law in Africa (OHADA).

In the second session devoted to the judicial framework of relations between credit institutions, and micro-finance and their customers, presentations were given by the dean of the Faculty of Law and Economic Sciences from the Omar Bongo Ondimba University in Libreville, Jean Claud James; the President of the Cameroon Association of Credit Institutions, Alphonse Nafack; the President of the Appeals Court from the West of Cameroon, Francois-Xavier Mbono, and the Director General of ORABANK in Gabon, Guy Martial Awona, with Sene Elda Afiwa Kpotsra moderating.

The third panel of presentations covered competing competences between national and community courts in banking litigation, and presentations were given by the President of the Appeals Court from Adamaoua, Cameroon, Jean-Claude Awana; the COFINEST liquidator, Francois-Xavier Zinga, and the CJC Defence Lawyer, Thomas Dingamgoto. The session was moderated by the Judge from the CEMAC Court of Justice, Georges Taty.

These debates were attended by the President of the Monitoring Commission for the Financial Markets of Central Africa (CONSUMAF), the Equatoguinean Rafael Tung Nsue; and Claude Ayo-Iguendha, President of the Federation of Professional Associations of Credit Institutions (APEC) from the CEMAC; together with the Vice-Governor of BEAC, Dieudonne Evou Mekou, among other authorities from the sub-region’s monetary commission, and figures from the African and western financial sectors.

Following the debates, the representatives of institutions and law professionals, and professionals from the banking sector, promised to strengthen relations to create better collaboration, spreading, and full understanding of the texts regulating banking activities within the CEMAC.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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