$50B in NICIL accounts a gross exaggeration – Brassington

$50B in NICIL accounts a gross exaggeration – Brassington

The political opposition and the stakeholders behind the National Industrial and Commercial

Investments Limited (NICIL) are now poised to collide over the amount of money being held by the State’s holding company.
Alliance for Change (AFC) Chairman, Khemraj Ramjattan, has contended that moneys being held in the accounts of NICIL, and which should be transferred to the Consolidated Fund, amount to some $50B, but there is a differing opinion from the entity’s head.
When contacted yesterday, Executive Director of NICIL, Winston Brassington, said that while he was not in a position to give a definitive figure, the $50B being bandied about by the AFC is “a gross exaggeration and one not grounded in reality”. Brassington said that he will soon be presenting details of the NICIL accounts.     [more]

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