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| … CEO vacancy continues to exist – Board ChairmanThe National Industrial and Commercial Investments Limited (NICIL) has been operating without a Chief Executive Officer (CEO) ever since Winston Brassington resigned in January. The Chairman of NICIL’s Board,Cheap NFL Jerseys China, Dr. Maurice Odle has indicated that a new CEO will only be appointed after the role of NICIL in moving forward has been fully determined.He said that this will happen soon,Cheap NHL Jerseys, but did not give a definitive time frame.The report on the forensic audit into NICIL recommended that the entity be closed down and a small department be opened under the Ministry of Finance to manage the assets being held by the company, if government deems it necessary.The recommendation was premised on the fact that NICIL was initially established for the purpose of privatization of state assets. That was done in two phases in the 1990’s.The forensic audit unearthed breaches of the country’s financial regulations. Not only has the report on the forensic audit implicated the Company’s CEO, Winston Brassington,NFL Jerseys Wholesale, in committing some of those acts, but it has also named former Finance Minister,Cheap Jerseys Free Shipping, Dr. Ashni Singh; former Head of the Presidential Secretariat,Al Horford Jersey, Dr. Roger Luncheon; other former members of the NICIL Board as well as former Cabinet Ministers and officials.Dr. Singh served as the Chairman of the Unit while Dr. Luncheon served as a Director. The audit,Cheap Wholesale Jerseys, Kaieteur News understands, categorically states that there was misuse of public funds by those office holders.Brassington and his deputy Marcia Nadir-Sharma were sent on leave on December 23, to facilitate investigations by the Guyana Police Force and the Special Organized Crime Unit stemming from an audit of NICIL. Brassington later resigned.Dr. Odle told Kaieteur News that careful consideration is now being given to the future of NICIL. He said that as soon as the Board is clear on the direction in which the company is going, the position of CEO will be advertised.Dr. Odle said that in the meantime, Horris James is the Officer in Charge and is performing the duties of CEO.Brassington had served in the Privatization Unit from 1994; two years later,Derrick Rose Jersey, he became the Head of the Unit and Head of NICIL in 2002.The audit report recommended criminal and/or disciplinary action against Brassington. |
