National Assembly Adopts Four Bills

The Minister of Finance Louis Paul Motaze during plenary sitting of the National Assembly on March 30, 2022 defended two bills in the presence of the Minister Delegate at the Presidency in charge of Relations with Parliament, Bolvine Wakata.
The bills were that to ratify Ordinance No. 2021/4 of 29 December 2021 to amend and supplement some provisions of Law No. 2020/18 of 17 December 2020: Finance Law of the Republic of Cameroon for the 2021 financial year. The second bill Minister Motaze defended was that Governing Banking Secrecy in Cameroon. Answering questions from MPs on banking secrecy, the Minister specified that the financial sector efficiency is currently characterised by its ability to ensure optimal mobilisation  and reallocation of resources to finance the economy. To this end, professionals of the said sector must strictly abide by the legal principles governing their activity, notably banking secrecy. It is the obligation incumbent upon the reporting entities, their organs and employees, to guarantee the confidentiality of the personal and financial data of their clients, by refraining from disclosing such information to third parties. He talked of the innovations the bill injects considering technological development and risks of criminal activities, the development has ushered in. 
The Minister of Agriculture and Rural Development Gabriel Mbairobe on his part defended the bill  to authorise the President of the Republic to ratify the Statute of the Islamic Organisation for Food Security (IOFS), adopted in Conakry, Republic of  Guinea on 11 December 2013. IOFS is a specialised agency of the Organisation of Islamic Organisation (OIC), based in Kazakhstan. Its main role is to coordinate and implement the organisation’s agriculture , rural development  and food security policies  and programmes. More importantly, it seeks to provide expertise and technical know-how to member States on the various aspects of sustainable agriculture, rural development, food security, including addressing the problems posed by ...