Madar (Ouagadougou) - The Ouaga I High Court on Monday, 19 October 2026 adjourned the so-called "trading companies" case to 20 November 2026 "to allow the parties to organise themselves", news site Lefaso.net reported.
The case was listed for the first session of the 2026-2027 judicial year of the court's specialised division for economic and financial crime and organised crime. Dozens of people who consider themselves victims attended the hearing, the site said.
Lawyers said those concerned only learned over the weekend, via Facebook, that the case had been listed, and that "many do not have the case documents", reasons the court accepted.
The case dates back to late 2019, when Burkinabe-registered companies engaged in trading activities were ordered to stop collecting funds from the public against promises of returns above 50%, after the West African Economic and Monetary Union's regional capital markets regulator had questioned the legality of these activities in May 2019.
A court-ordered investigation found most of the companies to be in deficit. More than 1,000 people have since been waiting for a resolution in the hope of recovering sums estimated at several billion CFA francs, according to Lefaso.net.
