Baba Danpullo victim of xenophobia and envy
THE FACTS Mr. BABA DANPULLO is a first-rate economic operator in French-speaking black Africa. According to the FORBES Magazine ranking, he is the first fortune in French-speaking black Africa. Particularly excelling in the real estate sector, he has made significant investments in this sector, and acquired, some thirty years ago, a large real estate portfolio in South Africa valued at more than 300 billion CFA francs.
A few years ago, he was accompanied by a South African bank called FIRST NATIONAL BANK for the acquisition of a building worth 21 billion CFA francs. While the repayment of the loan granted was staggered over a period of 10 years, this bank will for no apparent reason put an end to the said credit agreement and demand its immediate reimbursement. liquidation for payment of 21 billion CFA francs.
THE REAL ESTATE SECTOR IN SOUTH AFRICA
A country dominated since the dawn of time by whites and supported in this by the policy of apartheid, the real estate sector is controlled by the white minority grouped together in large banking and insurance groups. .Very few, if not no South Africans individually own such an impressive real estate portfolio, which is why when the players in the real estate sector realized that these properties belonged to a foreigner, moreover black , they decided to eject him from the sector.
THE REAL ESTATE SECTOR IN SOUTH AFRICA A country dominated since the dawn of time by whites and supported in this by the policy of apartheid, the real estate sector is controlled by the white minority grouped together in large banking and insurance groups. .Very few, if not no South Africans individually own such an impressive real estate portfolio, which is why when the players in the real estate sector realized that these properties belonged to a foreigner, moreover black , they decided to eject him from the sector.
The South African justice completely controlled by whites, will be put to contribution, and by summary procedures, the plan hatched by the actors of the South African real estate sector will be implemented all the requests and objections formulated by the Cameroonian BABA AHMADOU DANPULLO rejected. Currently all of his assets are under judicial control, his employees unemployed, his bank accounts frozen, his rents confiscated and he no longer has access to any of his real estate. His legal claims in this country being systematically rejected, he had no other recourse than to take legal action in his country.
THE CLAIMS OF THE FIRST NATIONAL BANK (SOUTH AFRICAN BANK)
According to Jeune Afrique, in its online publication reserved for subscribers and dated November 10, 2022, relayed by the Online Journal "Investing in Cameroon" and many others, the FIRST NATIONAL BANK claims that Mr. BABA AHMADOU DANPULLO would have missed to its repayment obligations despite the additional time that would have been granted to it. That even giving credit to this statement which does not tally with the reality of the facts, how can we explain that for a debt of 21 billion CFA francs , we seize the entire assets of the debtor valued at more than 500 billion CFA francs. That in the worst case the bank would have recovered the building that it financed the purchase, and if necessary withhold the advances already made by BABA DANPULLO, but that no, it opted to exclude it from the real estate in South Africa by requesting the liquidation of all of his assets in that country.
THE CLAIMS OF THE FIRST NATIONAL BANK (SOUTH AFRICAN BANK)
According to Jeune Afrique, in its online publication reserved for subscribers and dated November 10, 2022, relayed by the online Journal "Investing in Cameroon" and many others, the FIRST NATIONAL BANK claims that Mr. BABA AHMADOU DANPULLO would have failed in his repayment obligations despite the additional time which would have been granted to him. That by even granting credit to this declaration which does not tally with the reality of the facts, how we explain that for a claim of 21 billion CFA francs, we seize the entire assets of the debtor valued at more than 500 billion CFA francs.
THE REAL ESTATE SECTOR IN SOUTH AFRICA
A country dominated since the dawn of time by whites and supported in this by the policy of apartheid, the real estate sector is controlled by the white minority grouped together in large banking and insurance groups. .Very few, if not no South Africans individually own such an impressive real estate portfolio, which is why when real estate sector players realized that these properties belonged to a foreigner, moreover black , they decided to eject him from the sector. South African justice completely controlled by whites, will be put to use, and by summary procedures, the plan hatched by the actors of the South African real estate sector will be implemented. in execution all the requests and objections formulated by the Cameroonian BABA AHMADOU DANPULLO rejected. Currently all of his assets are under judicial control, his unemployed employees, his bank accounts Cairo frozen, its rent confiscated and no longer has access to any of its real estate. His legal claims in this country being systematically rejected, he had no other recourse than to take legal action in his country.
THE CLAIMS OF THE FIRST NATIONAL BANK (SOUTH AFRICAN BANK) According to Jeune Afrique, in its online publication reserved for subscribers and dated November 10, 2022, relayed by the online Journal "Investing in Cameroon" and many others, the FIRST NATIONAL BANK claims that Mr. BABA AHMADOU DANPULLO would have failed in his repayment obligations despite the additional time which would have been granted to him. That by even granting credit to this declaration which does not tally with the reality of the facts, how we explain that for a claim of 21 billion CFA francs, we seize the entire assets of the debtor valued at more than 500 billion CFA francs. That in the worst case the bank would have recovered the building that it financed the purchase, and if necessary withhold the advances already made by BABA DANPULLO, but that no, it opted to exclude it from the real estate in South Africa by requesting the liquidation of all of his assets in this country. OPINION OF A LEGAL EXPERT Contacted for clarification, a lawyer tells us "subject to having all the elements of the file, that a credit agreement accompanied by a mortgage assignment can in no way justify the liquidation of the debtor's entire estate. He informs us that in the worst case, the bank can realize the mortgage and be paid on the price and, if necessary, seek damages. What is happening in South Africa against the billionaire BABA DANPULLO does not not justify in law, one cannot realize assets worth more than 500 billion CFA francs for having paid 21 billion CFA francs. The most amazing thing is that for having exercised the option to liquidate all of BABA DANPULLO's assets, the FIRST NATIONAL BANK had to confine the amount of the debt pursued and return the surplus to it, something it did not do and which reinforces some observers to the idea of a xenophobic plot. DANPULLO and the State of Cameroon have an interest in pursuing legal and diplomatic channels, because the stakes go beyond a simple legal case".
LEGAL AFFAIR, CAMEROONIAN JUSTICE INDEXED WRONGLY Colonization will have left serious and indelible scars in the way of thinking of Africans, which pushes them to always see evil everywhere and to apologize even when they are right. This sad observation revealed itself once again during the dispute between the Cameroonian billionaire BABA AHMADOU DANPULLO and a South African banking group, where a certain press, instead of understanding what is happening in this case, quickly made to index Cameroonian justice following the precautionary seizures of debts carried out by the Group of Companies BESTINVER against MTN and CHOCOCAM.
THE REAL ESTATE SECTOR IN SOUTH AFRICA A country dominated since the dawn of time by whites and supported in this by the policy of apartheid, the real estate sector is controlled by the white minority grouped together in large banking and insurance groups. .Very few, if not no South Africans individually own such an impressive real estate portfolio, which is why when real estate sector players realized that these properties belonged to a foreigner, moreover black , they decided to eject him from the sector. South African justice completely controlled by whites, will be put to use, and by summary procedures, the plan hatched by the actors of the South African real estate sector will be implemented. in execution all the requests and objections formulated by the Cameroonian BABA AHMADOU DANPULLO rejected. Currently all of his assets are under judicial control, his unemployed employees, his bank accounts Cairo frozen, its rent confiscated and no longer has access to any of its real estate. His legal claims in this country being systematically rejected, he had no other recourse than to take legal action in his country.
THE CLAIMS OF THE FIRST NATIONAL BANK (SOUTH AFRICAN BANK)
According to Jeune Afrique, in its online publication reserved for subscribers and dated November 10, 2022, relayed by the online Journal "Investing in Cameroon" and many others, the FIRST NATIONAL BANK claims that Mr. BABA AHMADOU DANPULLO would have failed in his repayment obligations despite the additional time which would have been granted to him. That by even granting credit to this declaration which does not tally with the reality of the facts, how we explain that for a claim of 21 billion CFA francs, we seize the entire assets of the debtor valued at more than 500 billion CFA francs. That in the worst case the bank would have recovered the building that it financed the purchase, and if necessary withhold the advances already made by BABA DANPULLO, but that no, it opted to exclude it from the real estate in South Africa by requesting the liquidation of all of his assets in this country.
OPINION OF A LEGAL EXPERT Contacted for clarification, a lawyer tells us "subject to having all the elements of the file, that a credit agreement accompanied by a mortgage assignment can in no way justify the liquidation of the debtor's entire estate. He informs us that in the worst case, the bank can realize the mortgage and be paid on the price and, if necessary, seek damages. What is happening in South Africa against the billionaire BABA DANPULLO does not not justify in law, one cannot realize assets worth more than 500 billion CFA francs for having paid 21 billion CFA francs. The most amazing thing is that for having exercised the option to liquidate all of BABA DANPULLO's assets, the FIRST NATIONAL BANK had to confine the amount of the debt pursued and return the surplus to it, something it did not do and which reinforces some observers to the idea of a xenophobic plot. DANPULLO and the State of Cameroon have an interest in pursuing legal and diplomatic channels, because the stakes go beyond a simple legal case".
They would benefit from approaching the Judges and the file to understand that the Judge acted in full legality, and that MTN, CHOCOCAM and BROADBAND exercised the remedies that the law authorizes, if they demonstrate that they do not have nothing to do with this case the Judge will advise, but for the moment it is necessary to stop the pressures and let justice take its course. happening in Cameroon is bad, would benefit from enlightening the opinion on these court decisions rendered in South Africa, where to recover 21 billion CFA francs, the South African justice authorized the liquidation of the entire heritage of BABA AHMADOU DANPULLO valued at more than 500 billion CFA francs. The public must remember that Cameroonian justice is serious and independent, and that the law will be said in this case. You will not see any South African so speak ill of the justice of his country, these things are only seen in Cameroon.
In the memory of Cameroonian justice, no rich or poor foreigner has ever been expropriated under the cover of court decisions, which is the case in South Africa, because obviously it is neither more nor less an expropriation disguised under the veil of justice.
BUSINESS CLIMATE
Following the attachment of the debts of MTN and CHOCOCAM while the procedures are still in progress, some observers claim that this would negatively impact the business climate in Cameroon. This same apprehension the Cameroonians have with regard to the destination South Africa to invest there, because if the businessman n ° 1 in Cameroon is thus treated in South Africa, what will he of young economic operators. This case simply brings to light the drama experienced by black African investors in South Africa, who does not remember the violent xenophobic attacks suffered by Nigerians, Cameroonians, Zimbabweans and other black Africans, which has never taken place in Cameroon, which is a real land of welcome for everyone. By implementing it now on large fortunes, the MONKAM family and many other Cameroonians would benefit from making arrangements if they do not want not suffer what BABA AHMADOU DANPULLO is currently going through in South Africa. Apart from this frank marginal of the population who believe that BABA AHMADOU DANPULLO does not have the right to seek justice in his country, the vast majority of the population finds his approach soft, and would like to see brilliant actions such as marches and other public demonstrations to signify to the State of South Africa the disapproval of the Cameroonian people in the face of what is happening to their captain of industry.
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