In addition to the former general manager, the Commercial Director, the cashier and two courier agents appeared on Friday before the Public Prosecutor of Commune III for alleged financial embezzlement involving 3.8 billion CFA francs.

Events have been changing over the past few weeks. Barely installed in her chair as temporary administrator Mrs. Ly Taher Dravé, a boost was given to the diligence of the legal procedure, following two complaints lodged. One bears the signatory of the former Chairman of the Board of Directors, the wealthy businessman Amadou Djigué summoned to settle the debts up to 123,831,719 CFA francs, the other comes from the boss of the Atlas Investissement Company. , Fousseyni Djigué who has his marbles in Assurances Lafia. The former Managing Director, Ousmane Bocoum, the Commercial Director Issa Coulibaly, the cashier M.Diarra and two courier agents Soumaïla Guindo and Cissouma were heard on Friday by the Prosecutor of the High Court of Commune III. All are presumed guilty of "financial embezzlement" involving 3,824,804,114 CFA francs, at least according to the expert report of the National Directorate of Treasury and Public Compatibility which exposed many flaws in the management of the society.

Lafia Insurance is therefore hit in the head and in the heart. The noose is tightening on the former management team after the setback suffered by the plaintiffs. Indeed, the Court of Commune V had declared itself “incompetent”, thus justifying referral to the Prosecutor of Commune III, in charge of the Economic and Financial Pole. In the meantime, the persons implicated were heard for hours at the Judicial Investigation Brigade of Camp I of the Gendarmerie.

A mountain of irregularities combined with shortcomings have thrown society into the depths of the abyss. Experts have given a long string of grievances, including “the total shares appearing on the subscription forms greater than the shares offered as part of the increase in share capital; the articles of association have still not been amended one year after the capital increase; the text governing the operation of the social fund is not available. »

Lafia Insurance continued its descent into hell. Hold ! A finger is pointed at the lack of information from the chairman of the board of directors (PCA), Amadou Djigué recently ousted, about "movements affecting the shareholding of the company, the absence of a report to the PCA of the missions of the CEO and the company's cash position, the regular non-payment of tax clearance for long periods, the non-compliance with the regulations of the service contract signed with Mr. Oumar Tangara. »

In addition, many flaws in the management were detected, in particular the existence of several capital increase accounts, missing signed and sealed paper versions for the current account statements, the extract from the term deposit of the Development Bank of Mali (BDM-Sa) and the establishment deemed excessive of term deposits to the detriment of current accounts, held responsible for cash flow tensions. All in all, all of these mishaps have thrown society into a bitter abyss, motivating the use of term deposit advances or pledges.

Clean up finances at all costs!

Another avalanche of financial shortcomings implicated the General Manager Ousmane Bocoum, judged responsible for a difference of 286,408,681 CFA francs between the real value of the shares subscribed and the sums paid by the subscribers, the reason for the loan of 13 million F CFA to the social fund would be vaguely indicated. In short, a hole of just over 3.8 billion CFA francs.

In view of this mountain of irregularities, of detected shortcomings, the National Director of the Treasury and Public Accounts has placed Lafia Insurance under provisional administration in accordance with the legal provisions with the aim of protecting the interests of the insured and beneficiaries of the contracts. insurance and capitalization.

The appointment of the former Minister of Livestock and Fisheries to the post of provisional administrator, seen from all angles, is intended as a guarantee of getting out of the zone of turbulence. Its missions are much more meaningful: manage day-to-day business for a renewable two-year term, correct the shortcomings of the share capital increase operation as well as the other anomalies reported in the audit report, allow Ousmane Bocoum to justify the gap of 3.8 billion and to recover the debts owed by Amadou Djigué in his capacity as Chairman of the Board of Directors, set at just over 121 million of our francs. Figures that make you dizzy and reinforce the idea that Lafia Insurance was perceived as a cash cow. But the milk of a cow, even a Dutch one, dries up over time.