The parliamentary opposition last night used their majority to pass a motion calling for the government to present a report on the sale of national assets by the holding company National Industrial and Commercial Investments Limited (NICIL).
The mover of the motion was APNU MP and Shadow Finance Minister Carl Greenidge, whose motion for the administration to comply with the Fiscal Management and Accountability Act (FMAA) with regard to agencies authorised to have extra budgetary funds, was also passed by the combined opposition using their one-seat majority.
Speaking on the NICIL motion, Greenidge said that the role of the company was changed over the last 20 years from its original mandate. He said that NICIL was originally envisaged as a holding company for government’s shares in divested companies. That role has
