Dave posted:Django posted:Dave posted:Django posted:Dave posted:ksazma posted:Django posted:The Opposition leader can bawl how much he wants ,their models were graft schemes.
Let him prove the illegality.
Bai, you like dem Republican Senators.
Everything the Coalition do after December 21, 2018 is illegal.
Currently Parliament is dissolve, only the President and opposition stays , ministers has no ministerial powers and surprisingly, this banna don't see anything illegal... this is funny rass.
Interesting to see what he will say if PPPC was sitting in government and signing away contract when parliament is dissolve and we are in the middle of a election campaign.
From personal experience NICIL inform us ( our family ) they cannot sign of on a pending project and we have to wait until after election.
Somebody is getting paid off here big time.
What NICIL have to do with the family project ? here is a scenario , i own a piece of land , have the financing, have a franchise for brand of hotel ,do NICIL have to be involved. Help Django out with the loop holes of business investments ,in Guyana.
Because of the magnitude of the project and acquisition of additional land. NICIL is government own and is responsible for disposal and renting of government land - hope this helps.
Thank you ,different piece of cake.
Here is how NICIL became Government owned.
NICIL was incorporated as a Private Limited Company under the Companies Act, Chapter 89:01 in July 1990.
A new Companies Act was enacted in 1991 with effect from May 1995 by the Companies Act (Commencement) Order, No. 25 of 1995 and NICIL was registered as a continuing company
pursuant to Section 339 of the new Act in 1998. NICIL is 100 percent owned by the Government of Guyana.
I thought you will show this below, since it has more relevance to the question / subject.
NICIL engages in many activities such as:
- being the holding company for Government owned minority/majority interests, property management which includes the acquisition / disposal / rental of Government owned properties,
- Monitoring Government’s equity in other companies and acting as agents for other Government agencies in the disposal of properties or management of companies.
NICIL has a Board of Directors that consists of Minister of Finance, the Head of the Presidential Secretariat, the CEO of Go-Invest, an opposition representative and the Executive Director of NICIL.
The real issue was when NICIL became 100 % Government owned.
For one to understand the sole purpose why NICIL was established ,one have to go back to Hoyte era and Economic Recovery Program. Perhaps a section of the people are comfortable with the transition from Private Company to Government owned.