GuyOil’s Finance Manager resigns, as probe continues into GY$48 million wire transfer

Last Updated on Monday, 28 May 2018, 15:53 by Denis Chabrol

The Finance Manager of the state-owned Guyana Oil Company (GuyOil), Uma Daniels has resigned, amid a a GY$48 million wire transfer debacle.

The Chairman of GuyOil’s Board, Mark Bender would only confirm that Daniels has resigned. “The Finance Manager of GuyOil has resigned”, he said when asked repeatedly whether she was asked to resign.

The company’s Chief Executive Officer, Renata Exeter declined to say whether Daniels resigned as a result of the money that has been accounted for or whether her departure takes immediate effect. “The Finance Manager decided that she would prefer to resign at this time,” Exeter also told Demerara Waves Online News.

Bender also said that so far the intended recipient of the money has said that he has not received the cash. “The wire transfer was made to a supplier who claimed he has not received the money. We are still investigating that matter,” the Board Chairman said.

Prior to Daniels’ resignation, she was last month sent on administrative leave as the company probed the transfer of the estimated US$230,000.