The Audit Chamber of the Supreme Court published this audit report on February 5, 2026.
The institution responsible for the accounts of the Supreme Court has scrutinized the management of the Cameroonian Debt Recovery Company (SRC) for the period 2018-2022. The verdict is unequivocal for this strategic public company, responsible for recovering state debts and managing liquidations: the accounts are persistently in the red.
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Out of the five fiscal years audited, only two showed a positive result: 87 million FCFA in 2019 and 26 million FCFA in 2021. Conversely, cumulative losses are heavy: 545 million FCFA in 2018, 619 million FCFA in 2020, and especially 1.068 billion FCFA in 2022.
In total, the consolidated deficit reached 2.12 billion FCFA between 2018 and 2022.
This contrast is all the more striking as the SRC manages a historical portfolio of receivables valued at 597 billion FCFA as of December 31, 2022. For the financial jurisdiction, this value does not reflect economic reality and should be significantly depreciated in order to develop a credible recovery plan, with precise deadlines and a monitoring and evaluation mechanism that is currently non-existent.
Another critical point: cash flow. The SRC holds 14.121 billion FCFA from cash recoveries that should have been transferred to the Treasury as part of closed liquidations and state mandates. In addition, there are 107.127 million FCFA corresponding to pecuniary judgments not transferred to the beneficiaries.
The Audit Chamber calls for an urgent revision of the transfer procedures by the Ministry of Finance.
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The management of liquidations is also deemed deficient. The SRC does not have a reliable inventory of the debts owed by the liquidated entities, due in particular to the multiplicity of previous liquidators and the absence of certification of financial statements by a chartered accountant.
Finally, the report highlights a deteriorated social climate. The number of layoffs increased from 1 employee in 2019 to 8 in 2022, primarily affecting employees with 6 to 23 years of seniority.
Between 2021 and 2023, medical examinations reveal a worrying prevalence of arterial hypertension among staff, a symptom of persistent internal malaise.
For the Audit Chamber, the absence of strategic management, combined with a largely inactive financial oversight, permanently weakens the performance of a tool that is nevertheless central to mobilizing public resources.
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