Gov’t hiding NICIL $50B, says AFC

-to move for parliamentary probe

The Alliance For Change (AFC) yesterday accused the government of locking off more than $50 billion through holding company NICIL and declared that the opposition will use its parliamentary majority to ensure this matter is investigated fully.

“Reputable sources have analyzed that over $50 billion of the people’s money is supposed to be in the NICIL account and many more billions are being held in other accounts under the control of the PPP administration,” the party’s chairman Khemraj Ramjattan said, reading from a prepared statement during a press conference at the Sidewalk Café.

Ramjattan said that as a consequence in excess of $50 billion has effectively been cut from the 2012 National Budget by the PPP/C government. This money, which is being held in the …..To continue reading, login or subscribe now.

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