The bills to establishment motor vehicle guarantee fund and to lay down regulations governing entertainment games were scrutinised yesterday in Yaounde.
The Minister of Finance, Alamine Ousmane Mey and the Minister Delegate in the Ministry of Territorial Administration and Decentralisation, Jules Doret Ndongo, yesterday June 22, 2015, in Yaounde defended separate bills before members of the National Assembly in the presence of the Vice Prime Minister, Minister Delegate at the Presidency in charge of Relations with the Parliament, Amadou Ali. The first to pass through the scrutiny of members of the Finance and Budget Committee of the National Assembly was Finance Minister who defended the bill to establish the Motor Vehicle Guarantee Fund and lay down its compensation scheme.
According to Finance Minister, Cameroon was a pioneer in establishing a guarantee fund in 1964-1965 but which was liquidated in the 1990s. The bill will thus enable the country to comply with the requirements of the 10 July, 1992 Treaty establishing the Inter-African Conference on Insurance Markets (CIMA). The new instrument is to support those who will face difficulties in case of accidents if the victims involved are unknown or uninsured.
Meanwhile, the Production and Trade Committee of the National Assembly headed by Hon. Youwo Bernard also met to scrutinise the bill to lay down regulations governing entertainment games, money and games of chance. The Minister Delegate in the Ministry of Territorial Administration and Decentralisation, Jules Doret Ndongo provided necessary explanations as he defended the bill. The bill which comprises seventy-three sections, addresses the need for modernisation and adaptation to internationally accepted principles and redefines the legal framework so as to better meet the sector’s development imperatives. It will not only strengthen the role of the State to ensure fairness, transparency and regularity of games but will also be expected to increase its contribution to the State budget to finance social programmes and projects.
