Latest update January 7th, 2025 1:35 AM
Remove powers from NICIL now – Gaskin
Financial analyst, Ramon Gaskin is saying that the Opposition should have three conditions before the Amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009 can be addressed, the most important being the removal of the powers of the National Industrial and Commercial Investments Limited (NICIL) which is headed by Winston Brassington.
Financial Analyst, Ramon Gaskin
Gaskin opined that the government is not serious about good governance since the AML Law was not enforced prior to the current fiasco which surrounds the Bill.
“Unless there is enforcement then all these amendments are just a waste of time. The government is at a deadlock with the Opposition as it relates to this Bill and I do believe that the Opposition should not proceed with these amendments until the President signs the Local Government Bills… And if he doesn’t do that, then what they are showing is that they are picking and choosing what bills they are willing to sign. I am going further than the leader of A Partnership for National Unity, (APNU) David Granger and say let him sign the bills and set a date for the elections and let that be a prerequisite before they even get to the Bill.”
“Secondly, let him establish the procurement commission; if not, there should be a total boycott of the Bills. Also, the Opposition should not look at the Bill until the government straightens out the issue of NICIL. Now we are hearing that NICIL will be involved in the workings of the new bridge which will be built across the Demerara River. NICIL is operating like if it is the Government, Procurement Commission and Ministry of Public Works. How many things will they be involved in?”
“This is an absurdity. Everything NICIL touches just goes wrong and it is goes without question. The Opposition should protest against this.”
“When we get these three things, only then we can then look at the law and the amendments. We must ensure that the conditions necessary for the Bill to be enforced are in place.”
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