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Bataille de succession : la justice met sous administration séquestre les biens et actifs du milliardaire Pascal Monkam investiraucameroun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investiraucameroun.com Daily Mail and Mail on Sunday newspapers.
(Business in Cameroon) - The death, on February 27, 2021, of business mogul Pascal Monkam revived discussions about the governance of family-run businesses in Cameroon. Indeed, the business mogul is not buried yet but his heirs are already clashing because of his group’s companies and assets. Alain Christian Monkam, one of his sons, even filed a court application to be authorized to name a receiver-manager for his late father’s properties. According to Alain Christian Monkam, the revenues generated by his father’s group are not transparently managed. When he was alive, Mr. Monkam Pascal used to manage his group himself. He used to recover or delegate the recovery of the revenues from each of his companies. Nowadays, however, we have reasons to believe that the managers of those companies are misappropriating the turnovers of each of the companies they are managing, he writes in the court application. ....
Cameroonian real estate mogul Pascal Monkam dies in South Africa (Business in Cameroon) - In the early hours of February 27, 2021, Cameroonian real estate mogul Pascal Monkam passed on in South Africa, according to family sources. The information was confirmed by one of his sons, ATTY Alain-Christian Monkam during an appearance on TV Channel Equinoxe. I regret to announce the demise of Monkam Pascal. The news just reached me from South Africa (.) We were aware, for a few days now, that doctors’ prognosis was extremely bad, he said. On February 18, 2021, rumors surfaced that the over 90-years old businessman who was hospitalized for several weeks had passed on. However, the family refuted the news. ....