The governing body (FECAFOOT) released a statement confirming that their ethics committee will probe claims of 'fraud' by 'seven bad apples' in the country's three Group A matches, particularly the Croatia defeat on June 18 in Manaus.
Allegations were made in a German news magazine Der Spiegel by convicted match fixer Wilson Raj Perumal from Singapore.
FECAFOOT statement read: 'We wish to inform the general public that, though not yet contacted by FIFA in regards to this affair, our administration has already instructed its Ethics Committee, to further investigate these accusations.
'We are strongly committed to employ all means necessary to resolve this disruptive matter in the shortest delays.
'In the meantime we legitimately request that any related information, unless brought before our federation and/or its Ethics Committee, be held for or treated as mere assumption.
'We wish to reinstate that in fifty-five (55) years of existence, FECAFOOT has never been sanctioned for, involved in, or even linked to match fixing or any fraud of any kind.'
Cameroon and Barcelona midfielder Alex Song was sent off before half-time for elbowing Croatia's Mario Mandzukic, while the game was also marred by an incident deep into the second half as Benoit Assou-Ekotto looked like he tried to head-butt team-mate Benjamin Moukandjo.
FECAFOOT subsequently launched an investigation into the incident but have not yet reported the outcome of that investigation. Cameroon headed home after losing against Brazil and Mexico, as well as Croatia, to finish bottom of Group A.
Ghana and Nigeria, who have also exited the tournament, were involved in disputes over money in Brazil in what has been a troubled World Cup for African nations.
Ghana sent two players home - Sulley Muntari for hitting out at an official and Kevin-Prince Boateng for allegedly swearing at his coach.
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