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Alain Noël Olivier Mekulu Mvondo Akame, MD of CNPS, earns FCFA11 million per month ?

Alain Noël Olivier Mekulu Mvondo Akame, MD of CNPS, earns FCFA11 million per month ?

The answer is:
Posted On Friday, 28 July 2017 12:07

Some local media say the head of Cameroon's national social insurance fund is one the highest paid executives of the country.

On July 24, 2017, a local newspapers, on its front page, released an article entitled: “Highest paid Managing Directors of public companies”. The list released in the article indicates that the managing director of the national social insurance fund (Caisse Nationale de Prevoyance Sociale or CNPS), Alain Noël Olivier Mekulu Mvondo Akame, earns FCFA11 million per month.

However, on July 26, two days after the issue, the executive himself, warned the management of the Journal. Indeed, M. Mekulu Mvondo Akame said the information provided is “absolutely false, and so far from the truth”.

Though the MD did not provide the correct figure, we were able to get a copy of transcript of the CNPS’ board meeting held on Dec 18, 2016, defining the wage and advantages of the executive and his deputy. According to the document, CNPS’ managing director earns FCFA3.75 million per month while his deputy earns FCFA3 million.

The same source adds that Mekulu Mvondo Akame has access to a luxurious car valued at FCFA50 million and an all-terrain car worth the same amount.

S.A

Last modified on Friday, 28 July 2017 12:18

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