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Signing bonus for Consolidated Fund at the right time; PPP govt failed to pass CGX funds through govt accounts- Finance Minister

Finance Minister, Winston Jordan says the US$18 million signing bonus from ExxonMobil will be paid into Guyana’s Consolidated Fund whenever government decides to use the funds for the intended purpose. “The 18 million is in a special account at the Bank of Guyana. It’s there because it’s designed for a special purpose. whenever that special purpose is activated, the monies ...

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Not all ministers were aware of ExxonMobil’s signing bonus; there was “non-disclosure” but not “deception”- Granger

President David Granger on Wednesday said not all Cabinet members might have been aware about the US$18 million signing bonus. He defended the secrecy of the transaction, saying it was a matter of national security and that the cash is in a special account to be used for a matter concerning national security. “I am not sure that all the ...

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Canadian oil company didn’t pay signing bonus for for Guyana-Suriname boundary dispute legal fees- Jagdeo

Former President, Bharrat Jagdeo on Tuesday said the Canadian oil company, CGX Energy, had paid legal fees directly to lawyers for the Guyana government and that company lawyers in fighting the maritime boundary dispute with Suriname at the United Nations Tribunal of the Law of the Sea. “As President, as far as I am concerned and I am aware of, ...

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PSC condemns calling in of police at Parliament Building; appeals for patience, understanding

Guyana’s Private Sector Commission (PSC) Tuesday night condemned the calling in of police at Parliament Building to remove opposition People’s Progressive Party Civic (PPPC) parliamentarian, Juan Edghill after he refused House Speaker, Dr. Barton Scotland’s instruction to leave the Chamber. “The involvement of law enforcement, apart from being an unacceptable overreaction, is an unfortunate occurrence. It does not augur well ...

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Juan Edghill released from custody but won’t violate parliamentary suspension

Opposition People’s Progressive Party (PPP) parliamentarian, Juan Edghill was Tuesday released from police custody after lawmen blocked him from entering Parliament Building because he was suspended for alleged misconduct. Opposition Leader, Bharrat Jagdeo said the PPP would not push for Edghill’s return to the National Assembly because it does not want to be distracted from scrutinising the budgetary expenditures for ...

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PPP parliamentarian Juan Edghill arrested; suspended for several days

Opposition Parliamentarian, Juan Edghill was Tuesday suspended for the remainder of all sittings until February, minutes after he was arrested at Brickdam and Avenue of the Republic and prevented from entering Parliament Building. Edghill refused to enter the police vehicle unless he was told what offence he was being arrested for. Instead, he opted to walk to the nearby Brickdam Police ...

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Former Chancellor denies Attorney General’s claim of blocking Guyana law school

Former Chancellor of the Judiciary, Justice Carl Singh Monday night distanced himself from a pronouncement by Attorney General and Minister of Legal Affairs, Basil Williams that he helped block Guyana’s planned establishment of a local law school. “I was never part of any  Review Committee discussion on a proposed Law School for Guyana  nor have I ever contributed in any ...

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Police probing parliamentary disorder; PPPC’s Edghill says “I haven’t committed a crime”

As parliamentarians were up to 6PM Monday awaiting the resumption of the Sitting after a fracas involving opposition People’s Progressive Party (PPP) parliamentarian Juan Edghill when he was refused an opportunity to speak, Police Commissioner David Ramnarine said a probe would be launched. “There is some preliminary work being done, yes,” Ramnarine told Demerara Waves Online News but he could ...

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Private criminal charges loom over ExxonMobil’s multi-million US dollar signing bonus

Chartered Accountant and Attorney-at-Law, Christopher Ram on Saturday signaled that private criminal charges might be laid against several top Guyana government ministers and officials for allegedly failing to deposit a multi-million United States (US) dollar signing bonus from ExxonMobil into the Consolidated Fund. Ram said he did not regard taking the matter to the police, but indicated that it was ...

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Govt receives ExxonMobil funds to help fight Guyana-Venezuela border controversy; some contract details disclosed

Minister of Natural Resources, Raphael Trotman on Friday confirmed that United States (US) oil giant, ExxonMobil, will help fund Guyana’s legal fees to settle the border controversy with Venezuela. “Yes, Mr. Speaker, there is a sum and yes it is reserved to safeguard this country,” he said the same day that two local newspapers published a September 2016 letter by ...

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