Succession

The CCP, however dissolved in 2011, is re-emerged at the Douala-Bonanjo court, which one of the protagonists rejects.

The information does not date from a specific day. But it is very recent and seems to be making a lot of noise in the corridors of the Douala courthouse. The French company FOV SA represented by Laure Toukam Fotso wife Njitap, General Director of FOV SA and Lucie Fotso, shareholder of CCP have decided to take action aimed at forcing the Chief Registrar of the Court of First Instance of Douala-Bonanjo to regularize the registrations made under the terms of the deed received by Maître Nkoue Mawafo Fonkoua Marie Louise, Notary in Douala, on December 7 and 9, 2011, registered, and for which the legal formality consisted of filing at the TPI registry of Douala Bonanjo.

In simple words, the camp of Mrs. Njitap Fotso, who ensures the succession of Victor Fotso, discovers a case “them” concerning the Court of First Instance of Douala-Bonanjo. Case relating to the company Compagnie Camerounaise de Participation (CCP). An investment fund created by Victor Fotso, dissolved by Yves Michel Fotso when he was still president of the Fotso Group.

But, in the ambition to control several Fotso companies in which CCP was a shareholder, Yves Michel Fotso, according to “the Estate of Fotso”, would have resuscitated this company by obtaining, from the above-mentioned court, a certificate of non-bankruptcy of the CCP company dated April 8, 2021 and an extract from RCCM dated January 24, 2022 stating that the latter would still be manager and partner of said company. Documents that the Chief Registrar should not have issued, according to the Council of the Estate of Fotso Victor. Because, CCP was dissolved on September 7, 2021.

Laure Njitap’s camp, faced with this situation, is formulating a protest. In the hope of seeing the judge order the Chief Registrar to give them a certificate of cancellation of CCP SARL, he will instead learn that the judge declared himself incompetent to rule on the case for “serious dispute”.

It is a battle, we learn, which began during the lifetime of the businessman Fotso Victor, who, according to the designated successors, the “father”, having realized that his son Yves Michel Fotso, had transferred CCP in his name in order to control a good part of the family’s “assets”, Victor Fotso would have initiated a process to “recover what could still be recovered”, confides a person close to the “Succession”..

After a fierce legal battle, we learn from those close to the “Succession”, Yves Michel Fotso will, through his lawyers including the Former President Jackson Francis Ngnié Kamga, resolve to return part of what he took from his father to the latter through an agreement. He will thus return the shares misappropriated by him in the Group’s companies, notably SAFCA, to their legitimate owner, Mr. FOTSO Victor.

He will also hand over the LA ROSE building, the Group’s headquarters, which he had managed to hijack. At the same time, he will finally transfer the ownership of Compagnie Camerounaise de Participation Sarl (CCP SARL) to Mr. FOTSO Victor, its true owner. Having since become the owner of 148,500 shares of the Company FOV SA, through CCP SARL, Yves Michel FOTSO will also return said shares to his father.

Since the death on March 19, 2020 at the American Hospital of Neuilly Sur Seine in France of FOTSO Victor, the war of succession is open in this well-known clan from the heights of Bandjoun in the West Cameroon region, with, according to some information drawn from a good source, some 146 children, who are eyeing.