Cameroonian presidential candidate Cabral Libii has unveiled a bold new campaign promise ahead of the October 12, 2025, election, pledging to recover 11 trillion CFA francs owed by the global commodities giant Glencore.
“Once elected on October 12, 2025, my top priority is the immediate recovery of the 11,000 billion CFA francs that GLENCORE must pay to the State of Cameroon to compensate for the organized crime committed against Cameroonians by stealing their oil for more than 10 years,” Cabral Libii wrote in a recent statement.
The claim stems from administrative procedures initiated two years ago by Cameroon’s Ministry of Finance, specifically Customs and Taxes, which ordered Glencore to pay 711.7 billion CFA francs in duties and taxes overcharged to the public treasury, as well as 10.42 trillion CFA francs in fines – totaling just over 11 trillion CFA francs.
According to Libii, Glencore has neither contested the ruling nor pursued legal action, and the payment deadlines have long expired.
The candidate outlined how the recovered funds would be deployed if he were elected. Each of Cameroon’s 360 municipalities would receive 2 billion CFA francs in emergency funds in 2026, allocated for road repair equipment, agro-industrial development, hospital equipment, and the digitalization of schools.
Libii also emphasized plans to begin construction on a two-way railway linking the Port of Kribi to Kousseri, a project aimed at boosting regional trade and economic integration.
Glencore, one of the world’s largest multinational commodities firms, has faced allegations of paying $79.6 million in bribes to officials in several African countries, including Nigeria, Cameroon, Equatorial Guinea, Ivory Coast, South Sudan, and the Democratic Republic of Congo. Libii’s campaign frames the recovery of these funds as both a financial and moral imperative, presenting it as a cornerstone of his proposed governance reforms.
“Everyone to the polls on October 12, 2025!” he urged, calling on citizens to support his promise of reclaiming state assets and investing them in infrastructure, healthcare, and education.
This pledge positions Cabral Libii as a candidate committed to tackling corruption and redirecting resources toward tangible national development.
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