The Cameroonian government has surrendered its responsibility to bargain its oil contracts to the US firm, Squire Patton Boggs, National Times has learnt.
According to the famous investigative news outlet, Africa Intelligence, “The latest renewal of the lobbying contract between the Cameroonian prime minister’s office and American firm Squire Patton Boggs accepted by Yaoundé in July will, for the first time, include an oil & gas component”.
“President Paul Biya, who will run for his fifth consecutive mandate in October, would like Squire Patton Boggs to woo oil and gas firms, mainly American, who until now have been largely absent from the Cameroonian oil & gas landscape. Oil production in the country has been rapidly shrinking since Addax Petroleum and Perenco‘s drop in output” the paper adds.
National Times News reported in August this year that between 2004 and 2017, Paul Biya spent over 5 billion FCFA on the lobby firm Squire Patton Boggs to promote his regime’s image as a humane and western friendly democratic country, open to foreign investors and financial institutions, notwithstanding the realities in Cameroon, this amount does not include other expenses.
According to Africa Intelligence “Squire Patton Boggs partner Robert Kapla, a former official for the White House under President Bill Clinton, has been handed the Cameroonian file”. The paper adds that “Under the new contract, [the US lobby firm] will receive $100,000 (FCFA 52 million) per month from the Prime Minister’s office through to the end of June 2019”.