Yaounde: Hundreds protest at Mekit Invest building, demand refund of investments

It was a rather tensed atmosphere in front of the Mekit Invest headquarters in Mvan, Yaoundé on November 11, 2020.
Hundreds of investors stormed the building housing the insurance company demanding a refund of their investments from the company which has been shut down by government authorities on accounts of illegal operations.

Not having an approval from the Financial Market Supervisory Commission, the Centre regional Governor banned the company specialised in trading insurance and project financing from operation in Yaoundé and for all subscribers’ investments to be refunded. Subscribers have since been crowding at the head office of the insurance company in Yaoundé to reclaim their funds to no avail.

Some of them say the funds invested at Mekit Invest risk sending them to jail and removing their children from school if not retrieved.

The investors are demanding the head of the promoter of the company, Jean Calvin Mebenga if their investments are not returned in due time.

“I have 3 million FCFA which I have to reclaim from Mr. Mebenga that I borrowed from meetings. If I do not return the money then I risk going to jail for that,” indicated a subscriber.

“I invested 2.6 million FCFA into the company. This is the money that I had to use to construct houses for my nephews,” said another investor.
Reports on Canal 2 International TV indicates that the company has over 2,000 subscribers and more than 700 Million FCFA investments.

Amidst the funds that cannot be accounted for, investors going for a refund found the company shut down and the staff unaccounted for. The hundreds of frustrated investors have pleaded on the government to help them get justice for their stolen money.