A CRITICAL EXAMINATION OF EMERGING CHALLENGES FOR THE REPRESSION OF CHEQUES RELATED OFFENCES IN CAMEROON
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DOI:
https://doi.org/10.55662/IJLDAI.2022.8505Keywords:
Critical, Examination, Challenges, Cheques, Repression, Offences, CameroonAbstract
A Cheque is considered as one of the most well-known commercial papers due to the important role it plays in various types of business transactions. It is mostly known to reduce the need for the use of cash and help reduce the risk of being robbed or misplacing cash by the drawer. Cheques are also considered to be an effective means of showing commitment by the drawer as the bank can easily prove payment that is due. Due to the significant of this instrument, legislations and control bodies have been put in place by the CEMAC member states for the repression of cheques related offences. Despite their efforts, cheque-related offences still continue to be committed within the CEMAC banking industry which Cameroon happened to be a member due to emerging challenges. In this vein, the main aim of this paper is to investigate the emerging challenges impairing the repression of cheques related offences in Cameroon. To achieve this objective, the methodology employed in this article is purely doctrinal which is based on both primary and secondary data. The paper concludes with some robust recommendations which if effectively implemented and enforced will go a long way to remedied these obstacles thus, enhance the sustainability of the banking sector within the CEMAC region.
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