Correction and Right of Reply

False allegations about UNICS PLC

Dear Publisher,

In your Newspaper edition of Monday February 16, 2015 (The Median N° 0143), you published on the top right hand side of the cover page and on page 6 of the same edition an article captioned “Financial Scam rocks UNICS Micro finance, officials accused of manipulation”. Page 6 carried the picture of the Board Chairman of UNICS Plc with the same caption as on the cover page.
   
The above publication contained unfounded and unverified information aimed at tarnishing the image of UNICS Plc and her leaders. The Management of UNICS Plc has outlined a number of frivolous and untrue statements found in the said publication as seen below:

    1.    It is stated in the edition that the leaders of UNICS Plc have sold peoples shares without their knowledge to themselves. This information is very strange to UNICS Plc in the sense that NO shares have ever been sold without the members being informed in due time. As a measure to increase share capital, the Extra-ordinary General Assembly of 28/03/2009 in its resolution 4 resolved that holders of less than 25 shares are given up to the 28/09/2009 to make up their shares to a minimum of 25 failing which the shares will be sold to other members. The proceeds are then deposited into their accounts.
   
    2.    It is stated in the edition that Tshe Median visited the UNICS Directorate on February 13, 2015 to verify allegations whereas the leaders of UNICS never received any such delegation.


    3.    It is stated in the edition that shareholders with less than 100 shares have been asked to back out. This declaration is untrue in the sense that resolution 9 of the Ordinary General Assembly of May 2013 required all members to make up their shares to a minimum of 100 by the 31/3/2014 to be eligible for General Assembly deliberations. The same resolution gave room for holders of less than 100 shares to form a group which will represent their interest during General Assembly deliberations.

    4.    It is stated in the edition that a member of UNICS Plc supposedly withdrew his term deposit because of a standing practice that caused him to lose his share value. This member simply withdrew his term deposit because it had matured and due for withdrawal. This is unrelated to his shares.

It is worth noting that findings have revealed that the authors of the afore-cited publications are related to a family that is involved in delinquent and fraudulent activities in UNICS Plc. These publications are therefore intended to frustrate actions taken by the Management of UNICS Plc to safeguard the interest of her owners and customers.
   
The Management of UNICS Plc therefore calls on all her shareholders and customers to remain calm and discard these unverified and unfounded declarations and to continue to commit themselves to the goals of the institution.
   
Mr. Publisher, all the above information can be verified at our Head Office situated adjacent to Merina Hotel, on the first floor of immeuble grand Carrefou - Yaoundé in case the need arises.

THE GENERAL MANAGER,
 UNICS PLC