Tag Archives: Pradoville Two

Government instructs Brassington to explain all NICIL-funded Projects

Government instructs Brassington to explain all NICIL-funded Projects

SEPTEMBER 20, 2015 | BY | By Kiana Wilburg

NICIL CEO, Winston Brassington

For years, the National Industrial and Commercial Investments Limited (NICIL) has been touted to be a parallel treasury in the country. It was used by the former administration to invest millions of taxpayers’ dollars into highly risky development projects.

NICIL reportedly also spent tens of millions of dollars to build roads, drainage and culverts, and to lay pipelines and in some cases, underground power cables. The developed house lots, complete with infrastructure, were then sold to former President Bharrat Jagdeo, several ministers and Government officials and friends.

With a new board and Chairman in place, the government has instructed the company’s Chief Executive Officer, Winston Brassington, to explain NICIL’s investments into all projects over the years.   Continue reading

%d bloggers like this: