Over several years, the Guyana Geology and Mines Commission (GGMC) transferred over $3.7 billion to government’s holding company NICIL for the maintenance of hinterland roads and at least $1.3 billion has not been accounted for.
“As regards the sum of $3.757 billion received from GGMC for the maintenance of hinterland roads, the minutes of NICIL’s board meetings of 13 November 2013, 30 April 2014 and 11 September 2014 recorded the Executive Director as having stated that NICIL was experiencing difficulties in obtaining supporting documents from Ministry of Public Works for payments made and that material amounts remained unaccounted for,” the forensic audit into the National Industrial and Commercial Investments Limited (NICIL) says.
The audit was done by former long-serving Auditor-General Anand Goolsarran and among the recommendations made was that criminal and/or disciplinary actions be instituted against all those responsible for violating Article 217 of the Constitution by causing expenditure to be
