In a letter addressed to the Minister of Finance, employees denounce management deemed opaque, a deleterious social climate, and major risks for the future of the Debt Collection Company.
Through an alarming letter dated March 23, 2026, a group of employees from the Debt Collection Company (SRC) sounds the alarm. “We can no longer remain passive in the face of what appears to be a programmed destruction of our institution,” they write, preferring to remain anonymous for fear of retaliation. Their appeal is directed directly at the Minister of Finance, the company’s supervisory authority and president of its general assembly.
At the heart of their concerns is the deterioration of the social climate. The signatories mention human resources management marked by “instability and precariousness,” where salary payments would be perceived as a favor, often validated at the limit of regulatory deadlines. They also describe “a climate of terror,” characterized by humiliations, psychological pressure, and dismissals deemed abusive. To this is added, according to them, persistent inequity in promotions and non-payment of certain bonuses.
On the financial front, the accusations are equally serious. The group points to “unjustified” real estate expenses, mentioning over 500 million FCFA spent annually for a partially unoccupied headquarters, despite the existence of its own assets. It also denounces incoherent management of the vehicle fleet, between acquisitions deemed inappropriate and unused vehicles, while basic equipment is lacking in some departments.
The signatories also suspect irregularities in the awarding of public contracts and are concerned about a “fire sale” of real estate assets under management, facilitated, according to them, by questionable revaluation mechanisms.
The company’s governance is also called into question. Of seven directorates, only two would be effectively filled, with the others operating on an interim basis, concentrating power at the top. “The absence of internal controls facilitates concealment and violation of procedures,” they warn, also mentioning legal risks related to contractual breaches and non-compliance with court decisions.
Finally, the stance of the general management raises incomprehension and anger. The group claims that it acts “with a sense of impunity,” while displaying projects abroad. The organization of costly events, particularly on combating corruption, is perceived as “an imposture” in light of the practices denounced internally.
“The time for findings is over,” conclude the employees, who call for “a thorough investigation and rigorous audit.” For them, without rapid intervention by the authorities, the SRC is heading for collapse. “We have fulfilled our duty to alert. It is now up to decision-makers to act before it is too late.”
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