Sparkling health Cotton Development Corporation (Sodecoton) and especially the desire for conquest and performance of this structure at the time Iya Mohamed was Director General (DG) had pushed it to want to give this industrial flagship the north, a seat worthy of its reputation. It is in this context that during a board Sodecoton, former Dg is the problem that give administrators immediately the discharge and ask him to quickly find financing. In June 2013, when he was arrested, funding had already cordoned off and a site for this futuristic building at the entrance to the town of Garoua had already been selected. But according to reliable sources, the project is now in hibernation since the company through a high voltage flow. While the Board of Directors held on 15 December 2014 would have found that
Sodecoton recorded a loss of 4.5 billion CFA francs. The deficit could reach 8 billion CFA francs in late 2015, according to forecasts of directors. Accordingly, the Company is gradually withdrawing from several of its projects.
A decision released Tuesday by the company's general management says it will no longer fund that three-quarters of the annual budget of Coton Sport of Garoua (D1). Ranked 7th by the Confederation of African Football (CAF) in terms of viability, the team will now receive a grant of 200 million CFA francs, representing 1/3 of what she received Iya Mohamed's time. Meanwhile, the club is required to develop a self-financing strategy through the research sponsors.
Trial
This disillusionment comes as the former CEO, Iya Mohamed, who had made a profit of 3.5 billion CFA francs in his last year at the head of the company, is in prison to meet, among others, link Legal between the company and the club. He is also accused of having unlawfully increased his salary. With Olympian calm, he dismantled last week, the indictments elements. The equally former president of the Cameroon Football Federation (FECAFOOT) initially justified the increase in its balance at the head Sodecoton "My assistant manager was earning 6 million francs and my secretary, also an expatriate, 3 million francs, while I had 1.7 million francs. The Board of Directors has made this process to a revaluation of my salary in a sense of balance. "Serene, Iya Mohammed spoke in the same calm when it came to explain the legal relationship between Coton Sport of Garoua, one of the jewels of the Cameroon football and Sodecoton. In either case, the man said he had acted in the interest of the company of which he was responsible. And, above all, it is clear that its initiatives, and it made it a duty procedures manual of the company, previously received the approval of the Board of Directors which, it must be remembered, never mégoté him its good management discharge. The next hearing will take place on May 5 The charge melts like butter in the sun daily.
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