Littoral: DRC To Recover Over FCFA 2 Billion in Debts

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Littoral: DRC To Recover Over FCFA 2 Billion in Debts

Businessmen and households scramble for vehicles, leather chairs, generators, televisions, and kitchen appliances at the auction sales that ends in Douala this October 21.

21 Oct 2026 12:19

T he Debt Recovery Corporation (DRC) has launched a public auction of seized assets belonging to 16 debtors whose outstanding debts amount to more than FCFA 2 billion. The operation seeks to recover unpaid debts and reimburse creditors, including the State and banks that have entrusted the corporation with collecting their outstanding loans. From Monday, October 19 to Wed nesday, October 21, the espla nade of the salle de fête Akwa was jammed to capacity with businessmen and households, who spared no effort to make a good deal from the misfortune of debtors. The items put up for auction include vehicles, leather armchairs, generators, televisions, and various kitchen appliances and utensils. The public sale allows interested buyers to acquire the goods through competitive bidding, with the highest bidder winning the item. According to the Littoral Re gional Director of DRC, Zinga épse Perem Mireille, the auction follows unsuccessful amicable recovery efforts. “Under the treasury privilege procedure, debtors are served the relevant notices and given a one-month deadline before their movable assets can be seized and sold,” she explained. She added that the exercise is not intended to punish or harass debtors, but to compel them to honour their financial obligations. The proceeds from the sales will be used to reduce or, where possible, completely settle the debts owed to creditors. However, the SRC does not expect the auction to generate the entire FCFA 2 billion outstanding. Following the auction, the debtors will receive official records of the sales, and where the proceeds...