GFC’s $600M payments to NICIL unlawful

- Ram

Payments in the sum of $600M made to the National Industrial & Commercial Investments Ltd (NICIL), which       chartered accountant Christopher Ram says are unconstitutional, are  among the discrepancies in expenses and income uncovered by his independent scrutiny of recently released reports and accounts of the Guyana Forestry Commission (GFC).

“One expects Finance Ministers to be zealously vigilant and robustly protective of moneys payable into the country’s Consoli-dated Fund. Instead we have NICIL, under the successive chairmanship of two Finance Ministers, being used to siphon off hundreds of millions of dollars due …..To continue reading, login or subscribe now.

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