afrol News, 20 October - The Gabonese government has recalled its representative, Philibert Andzembe, from the Central African States (BEAC) bank, following alleged mismanagement of CFA 19 billion at the BEAC's foreign office in Paris.

According to a statement issued by the first cabinet meeting in Libreville, and headed by President Ali Bongo, the government has also decided to arrest BEAC Gabonese officials residing in the country.

"The Gabonese government has decided to facilitate the investigation of audit firms appointed by the BEAC and the investigations of the French financial police to whom the BEAC complained," the statement read.

It further appealed on the other BEAC members to actively participate in finding solutions to restore calm and credibility of the BEAC internationally.

Local reports said the BEAC Paris accountant and former accounting director at the headquarters in Yaounde, Cameroon, have also been arrested in the Gabonese capital as investigations continue.

The BEAC issues the single currency and defines monetary policy for the mainly oil-producing states of Gabon, Equatorial Guinea, Cameroon, Central African Republic, Chad and Congo Republic. Its headquarters is in Cameroon's capital Yaounde with a delegation office in Paris.

Mr Andzembe worked as a governor of BEAC in July 2007.

By staff writer

© afrol News

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