SNH has been accused by the CNPS of owing more than 1.5 billion CFA francs in social security funds.

According to the CNPS, the National Hydrocarbons Corporation (SNH) have been ranked in the top ten firms in Cameroon that does not return social contributions levied on employees’ wages to the National Social Security Fund, seriously jeopardising the retirement of these workers.

The oil exploiters have strongly denied these claims and in a letter addressed to the Ecofin agency, last Thursday, Director Adolphe Moudiki, says the company he runs "performs on the due date, no later than the 15th of every month following the payroll, payment of social contributions in the salaries of the staff for their old age pension."

In addition, Mr. Moudiki indicates that the National Hydrocarbons Corporation fulfils its share in regards to old-age pension, if any, family allowances and accidents and rather stands out as one of those businesses that are fully up to date with their social contributions.

Simon Meyanga, communications manager of the CNPS, retorted that this statement made to Ecofin was false and declared that they were in fact half a billion francs in debt.

He also said that the Social Security Fund plans on suspending benefits of both personnel and retired staff.

This information derives from an interview with the internal magazine by the Director of CNPS, Florent Zibi Ondoua, and a list of debtors prepared by the CNPS itself.

The document, which can be seen below, shows the NHC on the 15th line with an estimated debt of 1,527,309,739 CFA francs.