ECONOMY

Was the Olembe Complex a Curse to Cameroon?

The Olembe Stadium stands tall and proud, a beacon of hope for the people of Cameroon. But behind its impressive facade lies a story of corruption and greed that has left the nation reeling. Billions of dollars have been siphoned off by unscrupulous contractors, leaving the stadium abandoned and unfinished. The promised 60,000 capacity stadium, hotel, swimming pool, shopping mall, gym, and cinema room are all nothing but a distant dream.

The Canadian company MAGIL, who took over the project from the original contractor, Piccini, has now disappeared without a trace. A letter from the Minister of Sports reveals that they have abandoned their contract with the State of Cameroon, leaving only one stadium with 60,000 seats and two training stadiums delivered.

This financial scandal has cost the country close to 300 billion FCFA, more than double the initial budget of 163 billion FCFA. Many are left wondering if the Olembe Stadium was nothing more than a curse designed to suck dry the Cameroon economy.

As the stadium stands empty and unfinished, it serves as a stark reminder of the corruption and greed that plagues our world. It is a call to action for governments and individuals alike to prioritize transparency and accountability in all aspects of life. Only then can we hope to build a better future for ourselves and for generations to come.

Shey Julius Nkuh

A Conflict Resolution graduate currently persuing Master's Degree in the University of Buea, Cameroon. Believes in the role of the media as an educational, informational and entertainment tool . He is also passionate about creating awareness to societal crisis. For this reason, has dedicated most of his time to charity. He derives pleasure in blogging and creating contents for you.

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