City businessman and Natural Resources Fund (NRF) Investment Committee member, Dr Terrence Campbell on Tuesday lodged a formal complaint with the Ethnic Relations Commission (ERC) against Vice President Bharrat Jagdeo for allegedly exciting racial hostility by interpreting his words to mean an attack on East Indians. At the centre of the complaint is the city businessman’s contention in a letter ...
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Legal action looms over NRF’s opaque transfer of oil revenues – Campbell
Opposition-nominated member of the Investment Committee of the Natural Resources Fund (NRF), Dr Terrence Campbell on Sunday said he would be formally asking the Board to explain why transfers of oil revenues to the Consolidated Fund are done without specific information from government about how the monies would be spent. “It’s not off the table,” when asked whether legal action ...
Read More »AFC to formally seek answers from NRF on oil money spending
The Alliance For Change (AFC) would be writing the Board of the Natural Resources Fund (NRF) to get answers about government’s failure to say specifically how oil revenues would be spent by the government, party leader Nigel Hughes said Sunday. “The Citizens of Guyana demand to know how their patrimony is being managed and disposed of,” he said. No date ...
Read More »No need to itemise proposed oil money spending – Jagdeo; NRF member calls mechanism a “waste of time”
A member of the Natural Resources Fund (NRF) Investment Committee believes that government should list how it intends to spend oil revenues before the money can be transferred to the consolidated fund, but Vice President Bharrat Jagdeo on Thursday resisted the idea and said accountability rests with the National Assembly. “What sense does it make?…So next year, should we start ...
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