Mortgage Advice Ni
Mortgage Advice Ni
Confusion In Cameroon,-The Bamenda Urban Area
CONFUSION IN CAMEROON,-THE BAMENDA URBAN AREA.
Shipping containers are known for their transporting and holding ability. In the Bamenda urban area it is known for its business capacity acting as the chambers for the sole traders though this could be jointly owned and run. In the past years they’ve been an influx of these containers into the area and this even formed the major trading premises for a majority of the community. These containers have lined the commercial avenue passed through to the t-junction and are even in use in neighborhoods. Those who ran the containers were involved in various sorts of trades: bars, restaurants, fashion shops, grocery shops, documentary centers, and electronic stores, just to name a few. But what is the worst that could happen when you invest most or all of your wealth into your booming business?
Slum/losses in business will obviously overwhelm an entrepreneur but total destruction of the business including the premises as well as confiscating the whole thing is one big answer. This has left the Bamenda urban area in rampage not to mention the unlucky few; container owners/entrepreneurs. Though it might feel like exaggeration, but the footage proves otherwise. Though the reason is unclear, news circulates that this other is straight from the Supreme Court in Cameroon. Organizing undamaged stock is the least of the trader’s problems because they now have the sky to touch in more detail below. “Quick news”, has it that this had been in the project book of the outgoing government delegate of the Bamenda urban council Mr. Aben Ndeh and which now is almost finished alongside road improvement, maintenance and repairs. Is this in preparation of his Excellency President Paul Biya’s visit to Bamenda in March?
Talking about touching the sky is an immediate individual economic downturn of unpaid bank loans and overdrafts, some of which are mortgaged for such trader’s. What steps are the banks taking? Are houses mortgaged going to be seized, people sued and/or would the banks accept the loss? One of these unfortunate owners said he could do nothing when his containers were seized. He added that he had spent 5000,000 FRS CFA of bank borrowed finance on two of his containers which he stocked with “cargo”, using his about three quarter of his wealth and now he hopes for the worst. Another, a woman was even termed mad when she couldn’t find words to express her anger in rampage by the famous Afrique nouvelle 4pm pidgin news. Some dismissed the idea of pain. After all, “vanity, its all vanity”. Sales now take place on the streets with most of the goods being sold for scrap with a relative increase in the purchasing power for some. For example a blanket which is sold for 12000 FRS is now sold along the commercial avenue pathway for 4000 FRS with people even bargaining for 2000 FRS. People are taking advantage
. These left some with no money even for family upkeep, and some with no plans for the future. Will this lead to increased juvenile delinquency? Then inhabitants should be on their guard and the police should be armed for duty. Will this be an excuse for violence? Then the police force should keep watch. Will this lead to an increase in the poverty rate and even in a relative increase in prices in this area? Then the urban and city council as well as the government should be prudent for any uncertain future events. Will this frustration lead to a number of persons involving in cultic activities? I pray therefore that in the name of JESUS, GOD ALMIGHTY SHOW THEM THE WAY.
It is said that, container owners/entrepreneurs had been warned from the onset. YES they had been. It caused panic last year beginning 2009 when rumor had it that containers will be destroyed, before year end 2009. Container owners were asked to attend meetings in relation to the above matter for which some did not attend. Was it out of ignorance, headiness or unbelief? Doesn’t matter now that the deed is done. This goes to prove Mr. Ndumu Vincent the present government delegate of the city council’s own man, “a man of action”, proving what he said when he was interviewed, not to talk but act!. Action concerning the destruction of these containers started probably on Sunday 18th January 2010, at about the time when the indomitable lions of Cameroon were battling in a decisive match against Zambia which there won. Was it, “PERFECT TMING”,-hard to say. Well now it’s no joke, and we can see what manner of man he is, “a man of British standard”. Admire him or not, like it or not, it’s the nature of his job, it’s his job and the kind of man a country needs. Rumor also has it that Mr. Ni John F.N tried to assemble a revolt. A taxi driver simply mentioned, “War never solves a problem,-people have become wiser”, in relation to the retaliation issue. The destruction of a “story building”, was comfort to some. These containers are now in safe keeping in the stadium by the council. Some are traded off by owners to business tycoons like FOKOU probably for melting and some of the lands are traded off. Buildings are already being erected on some of these purchased lands. The road below Foncha through Mulang to Ngomgham has been opened and road works has been seriously taking place there. Rumor also has it that all spare part dealers, garages, their shops and containers will be transferred that area.
Nevertheless lessons were learned. A few took precautions and heeded to the warnings and are now in safety. Maybe it was lack of knowledge of government policies or inappropriate advice that got some in this shit but by the grace of GOD there will be breakthrough in JESUS’ name. All these means development is taking place therefore we hope it’s for the best. However this news should serve as advice to those in and out of the country who have no idea or doubt these happenings that it’s true and care should be taken on the investment and use of containers for better spending which fellow citizens could jointly benefit from. It has gone as far as the rural areas not excluding even the smallest and farthest of neighborhoods. The dice is rolled and there is already a winner. We wish future plans don’t include hazards like this, and that people will be prudent in future. We hope for the best. GOD bless. Long live Cameroon.
About the Author
i am presently a student member of the ACCA(association of chartered certified accountants) awaiting results of the final courses of the CAT(certified accounting technician)scheme.i am 19yrs of age
