The Privatisation Unit/National Industrial and Commercial Investments Limited (NICIL) has from 2003 to 2011 transacted land sales on behalf of the Guyana Sugar Corporation to the tune of $1.128 billion including land in Leonora sold to Minister of Housing and Water Irfaan Ali for $7.1 million in August 2011 and land to Prime Minister Sam Hinds and his wife the year before.
This is according to the PU/NICIL privatisation report released two Fridays ago in what was called an attempt to end the speculation about NICIL’s transactions.
On May 17, 2002 NICIL/PU entered into a contract with the Guyana Sugar Corporation (GuySuCo) to act as its agent in the disposal of land in order to generate partial financing for the GuySuCo Skeldon Project.
