A senior official in the leadership of the Alliance For Change (AFC) Wednesday night poured cold water on Prime Minister Nagamootoo’s instruction to the Guyana Chronicle’s Board of Directors to withdraw its decision to sack Sherod Duncan from the post of General Manager over alleged financial mismanagement. The official told Demerara Waves Online News on condition of anonymity that Duncan’s ...
Read More »Accountability
Outgoing Guyana Chronicle Board Chairperson slams PM over reversal of Sherod Duncan’s dismissal
The outgoing Chairperson of the Board of Directors of the Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle state newspaper, Geeta Chandan-Edmond Tuesday evening insisted to Prime Minister Moses Nagamootoo that a vote was taken to fire just reinstated Sherod Duncan from the post of General Manager. She said the evidence in the files show that she cast ...
Read More »GuySuCo denies withholding information from NICIL on spending GYD$30 billion
The Guyana Sugar Corporation (GuySuCo) on Tuesday denied accusations that it has not been accounting for more than GYD$7 billion disbursed from a GYD$30 billion bond, and insisted that it does not have to report to government’s holding company for state assets. GuySuCo’s Chief Executive Officer, Dr. Harold Davis Jr., in an initial reaction pending a comprehensive response to claims ...
Read More »PM reinstates Sherod Duncan as Chronicle General Manager; 3 Board members resign
Sherod Duncan, the man who an audit found engaged in unnecessary spending without following procedures, is returning to the post of General Manager of the state-owned Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle newspaper, well-placed sources said. Demerara Waves Online News has since seen a copy of Prime Minister Moses Nagamootoo’s letter to the Chairperson of the ...
Read More »GuySuCo not showing how GYD$30 billion bond being spent; bondholders “unhappy”- NCIL
The National Industrial and Commercial Investments Limited (NICIL) on Monday said holders of a GYD$30 billion bond to help revive the Guyana Sugar Corporation (GuySuCo) have begun asking questions about how the State-owned corporation has spent GYD$7.4 billion dollars disbursed so far. “The bondholders and the trustees are not happy with the information coming from NICIL,” Head of NICIL, Colvin ...
Read More »Rose Hall estate may be sold to Ghana-India-Guyana consortium; GuySuCo fails on vital information to NICIL
An Indian-Ghanaian-Guyanese consortium is likely to buy out the Rose Hall sugar estate, the first of three that is on the selling block, government’s holding company of state assets announced Monday. Officials said they hoped to seal the deal by July, 2019. Head of the National Industrial and Commercial Investments Limited’s Special Purpose Unit (NICIL-SPU), Colvin Heath-London said the consortium ...
Read More »No special treatment of gold dealer licence applicants – independent review
In the wake of concerns about how a gold miner, who had been held with 30 pounds of raw gold, eventually got a dealer’s licence, an independent review of the nine licencees shows that none of them benefited from favouritism by the Guyana Gold Board (GGB). “We are satisfied that none of the applicants appear to have been given special ...
Read More »Guyana Gold Board clears air on dealer licence granted to man held with 30 pounds of gold
The Guyana Gold Board (GGB) on Monday confirmed that a gold dealer’s licence was issued to Adolphus Mining Inc. after checks and verification were done on one of the company’s principals in whose possession a large quantity of raw gold had been found. The Board also confirmed that television reporter, Travis Chase is a director of the company which was ...
Read More »UG Vice Chancellor sent on leave; to be paid GYD$1.1m for 12 days on the job
The University of Guyana’s (UG) governing body, the UG Council has ordered Vice Chancellor, Professor Ivelaw Griffith to proceed on his end-of-contract leave, against his wishes as he had preferred to remain on the job, sources disclosed. Griffith should have gone on leave from May 13, but had requested to continue his duties because of “extenuating circumstances”. While that request ...
Read More »Amna Ally denies Jagdeo claims gov’t money purchased Buju Banton tickets to win youth votes
General Secretary of the People’s National Congress Reform (PNCR), Amna Ally on Thursday denied claims by Opposition Leader Bharrat Jagdeo that government money has been used to buy tickets for the Buju Banton concert. “Not government’s money. It’s the PNC’s money,” she said, but could not remember how many tickets were purchased. Asked what was the reason for the PNC ...
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