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Audit Flags Governance, Financial Concerns at Cameroon’s State Oil Company SNH
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Audit Flags Governance, Financial Concerns at Cameroon’s State Oil Company SNH
YAOUNDE, Cameroon — A recent audit has raised serious questions about governance, financial reporting and oversight at Cameroon’s state-owned oil company, the Société Nationale des Hydrocarbures, or SNH, according to a report by Africa Intelligence. The report, published Aug. 19, says the audit identified several concerns, including six years without an annual general meeting, doubtful receivables and a multibillion-CFA franc interest in the CST…
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