According to those around Father Ahmadou Danpullo, the Covid-19 crisis and the arrival of a new manager at the First National Bank (FNB) are at the origin of the setbacks experienced by the Cameroonian billionaire. A certain vagueness remains nevertheless, since the South African liquidators of his company Bestinver reported difficulties from the end of 2019, a few months before the start of the pandemic. The confinements imposed in 2020 by Pretoria do not help matters. Its shopping centers, Princess Crossing, located in the suburbs of Johannesburg, as well as Moffet on Main and Kings Court, in Gqeberha (formerly Port Elizabeth), saw their attendance collapse.
[Exclusif] Cameroon: the secrets of a legal war between Baba Danpullo and South Africa
The rents no longer come in, and them companies brought together in the Bestinver group find themselves short of money, unable to meet their obligations vis-à-vis the FNB. According to a decision of the High Court of South Africa dated September 2021, the companies Joburg Skyscraper, Bestinver Prop, Bestinver SA and Leopont, all belonging to the entrepreneur, are then placed in receivership, and administrators are named.