The Minister of Territorial Administration, Paul Atanga Nji, has urged non-governmental organizations (NGOs) to produce annual reports detailing all activities, including financial reports and information on financial assistance received. This initiative aims to bolster efforts in combating terrorism and money laundering.
Speaking recently in Yaoundé at an awareness workshop for non-profit organizations (NPOs) on the risks of money laundering and terrorism financing, the minister highlighted concerns that some non-profit organizations could be misused to fund terrorist activities or facilitate money laundering. He emphasized the importance of compliance with legal standards to ensure transparency in all activities.
He noted that vital information about NGO activities would be required moving forward. He announced that regular inspections would be conducted by ministry teams in the field to gather essential data.
The seminar served as a call to action for NPOs to enhance their vigilance. The minister warned that justifications for funds from benefactors would need to be included in financial statements. He also stated that only members of the organization should be relied upon to finance activities.
Che Tembuck
