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23
Nov 20

PRESS RELEASE

 

GEORGETOWN, GUYANA, November 23, 2020: NICIL refers to the response of Colvin Heath- London to the Press Release issued by NICIL in relation to an alleged forged document purporting to be part of NICIL’s Board Meeting minutes and records.

The said receipts attached to Mr. London’s response were drawn up and issued by NICIL’s Accounts Clerk upon being directly instructed to so do by Mr. London while he was Chief Executive Officer (Ag) of NICIL in July 2020.

The said Accounts Clerk has already given a statement to this effect to the Guyana Police Force.

Additionally, it has not gone unnoticed that the decision contained in the alleged forged ‘Board Note’ is being attributed to Mr. Horace James, former Chief Executive Officer of NICIL who is now deceased.

It should also be noted that the members of the Board of Directors of NICIL in January 2018 at the time the alleged ‘Board Note’ was created were Dr. Maurice Odle, Mr. Oswald Barnes, Mr. Berkley Wickham, Ms. Sonya Roopnauth, and Mr. Joseph Harmon.

However, only Mr. Horace James (deceased), Mr. Colvin Heath-London, and Director Joseph Harmon were present as per the alleged Board Note. It must be emphasized that in January 2018, neither Mr. Horace James (deceased) nor Mr. Colvin Heath-London were Directors of NICIL.

For all intents and purposes and based on all the records at NICIL duly examined, the meeting from which this purported Board Note allegedly emanated never occurred.

 

-ENDS-

23
Nov 20

PRESS RELEASE

BY THE NATIONAL INDUSTRIAL AND COMMERCIAL INVESTMENTS LIMITED

 

GEORGETOWN, GUYANA, November 22, 2020: NICIL’s attention was drawn to a document currently circulating in the public domain which purports to be part of the minutes of NICIL’s Board Meetings, an official record of NICIL. This document seems to be relied upon by Mr. Colvin Heath-London the former Chief Executive Officer (Ag) of NICIL during his interrogation by members of the Guyana Police Force.

This unsigned document has been carefully examined by NICIL and it has been concluded that is it neither a document emanating from NICIL nor is it part of the minutes of any Board Meeting of NICIL.

NICIL’s Board Meetings are recorded and minuted by the Company Secretary in a particular style and format and all such minutes and records are kept by the Company Secretary.

The document currently in circulation is absolutely inconsistent with and does not meet the standardized format of NICIL Board Meeting minutes or any NICIL document.

The said document is titled a ‘Board Note’ from a meeting of the board of NICIL. There is no document in NICIL’s records which is styled a ‘Board Note’. In any event and most importantly, the content of that document and the decisions contained therein are not recorded in any minutes of any meeting of the Board of NICIL on that date or at all.

In the circumstances, NICIL will formally request that the Guyana Police Force investigate that document as an alleged forgery.

 

-ENDS-

13
Oct 20

By Guyana Times

Supergraphics principal
Eton Cordis

Supergraphics Enterprise, another company that entered into an agreement with the National Industrial and Commercial Investments Limited (NICIL) to purchase lands while the then Government was in a caretaker mode, has agreed to return its 5 acres of land.

This was revealed in a statement on Monday by the company’s principal, Eton Cordis. According to Cordis, the Agreement of Sale he entered into with NICIL was for five acres of land at Ogle, East Coast Demerara (ECD), which would have been used to construct 95 premium apartments. However, the Agreement of Sale was entered into on June 15, 2020, over three months after a disputed election was held and just days after a recount of the votes proved that the incumbent A Partnership for National Unity/Alliance For Change (APNU/AFC) Government had lost the elections.
“Given the circumstances surrounding the vesting of that property, we announce that we have agreed to surrender our interests in those lands with NICIL. We look forward to working with NICIL and the Government of Guyana towards achieving our development goals,” Cordis said in his statement.

Supergraphics is the latest in a line of investors who had land vested to them by NICIL and former Finance Minister Winston Jordan, despite the fact that the Government was in a caretaker mode and as such, should not be entering into new agreements until elections are held and a new Government elected.
As of October 6, 2020, four companies had announced that they surrendered to NICIL, large tracts that were given to them under controversial and nontransparent circumstances by the then APNU/AFC caretaker Administration.

The companies that have since reverted lands to the State are Navigant Builders Incorporated – the developers of Windsor Estates; Cardiology Services Incorporated; the Corum Group; and American Marine Services Incorporated.
In all of those cases, the firms had expressed a desire to work with the new People’s Progressive Party/Civic (PPP/C) Administration to get the necessary approvals needed to pursue their respective developmental goals.
But these are just a few companies that benefited from lands under questionable circumstances under the previous Administration. In this regard, President Dr Irfaan Ali during a recent interview with this publication had made it clear that the Government cannot tolerate a situation where lands were allocated to persons and no monies were paid, but yet, vesting orders were issued. He had encouraged others to revert their lands and reapply in a transparent process.
Navigant Builders had received several acres of land at Goedverwagting and Sparendaam on the East Coast of Demerara (ECD) to develop a luxurious gated community under the Windsor Estates brand. Cardiology Services Incorporated, whose Managing Director is renowned cardiologist Dr Mahendra Carpen, had secured lands on the ECD to construct a state-of-the-art private hospital.
Corum Group, whose Managing Director is Clairmont Cummings, had acquired five acres of land at Ogle, ECD, to develop a high-class hotel under the Holiday Inns brand. American Marine Services Incorporated, which had received some 20 acres of land, had plans to construct a 247-unit residential complex.
In an interview with this publication last month following the initial return of State lands, Attorney General Anil Nandlall had been very critical of the transactions. He had pointed out that in some cases, the former Government vested lands to persons with partial and even no payments.
“The principles of transparency and accountability require State assets to be disposed in a particular way… either obtain a valuation certificate to determine the market value or advertise the property publicly and allow a fair and transparent process to take place so that everyone is offered a fair opportunity to compete for the property.”
“We had transactions where not only those procedures were violated, but where there was absolutely no money paid. Or only a fraction of the purchase paid and title passed to the purchaser. Now that is criminal conduct,” the AG had said.
According to him, this will be a thing of the past as the Government forges a new, more transparent path. Nandlall assured that the PPP Government will ensure State land which has to be sold is valuated and sold through a legal process, ensuring the State receives its due. (G3)

 

Source: Guyana Times

08
Oct 20

By Guyana Chronicle

 

Chairman of the Board of Directors of CJIA, Sanjeev Datadin
Chairman of the Board of Directors of CJIA, Sanjeev Datadin

By Navendra Seoraj

Chairman of Atlantic Hotel Inc, Devindra Kissoon

PROMINENT Attorneys-at-law, Sanjeev Datadin and Devindra Kissoon, have been appointed to chair the board of directors of the Cheddi Jagan International Airport (CJIA) and Atlantic Hotel Inc (AHI) respectively.
Both Datadin and Kissoon have been practising law for several years and had recently appeared in high profile cases leading up to the recent General and Regional Elections and during the five-month impasse, which ended on August 2, 2020.

The attorneys have a new challenge ahead, as they take charge of companies which have been affected immensely by the novel coronavirus (COVID-19). Decreased arrival rates due to the closure of international airports have not only reduced income earned by those facilities, but have also impacted the hotel industry because of low visitor rates.

Datadin, while at CJIA, will be supported by David Ramdeol, Shawn Richmond, Savitree Sharma, Dawn Elis, and prominent neurosurgeon, Dr. Amarnauth Dukhi, who are all members of the new board.

Over at AHI, which is the parent company of the Guyana Marriott Hotel, the other members of the board include Marcia Nadir-Sharma, Attorney-at-Law, Yolander Persaud, Ariane McLean, Leader of “The New Movement”, Dr. Asha Kissoon, Rabin Chanderpal, Joel Bhagwandin, Maurice Gajadhar, and Vanelda Harris.

Chairman of the Skeldon Electricity Inc, Dr. Grayson Haley

Meanwhile, government has also announced the appointment of a new board of directors to the Skeldon Energy Inc. The new board will be chaired by Dr. Grayson Haley with Adrian Anamaya as vice-chair.
Other members of the board include Wayne Watson, Loris Nathoo, Radha Krishna Sharma, Zamal Hussain, and Errol Assar.

Those persons replaced Colvin Heath-London (chairman), Leslie Gonsalves, and Kim Williams-Stephen.

The Skeldon Energy Inc is a special purpose company owned by the Government’s holding company, the National Industrial and Commercial Investments Limited (NICIL), and the Guyana Power and Light (GPL). The company has oversight for the Guyana Sugar Corporation (GuySuCo)’s co-generation plant.

 

Source: Guyana Chronicle

26
Sep 20

By Kaieteur News

 

One day after Navigant Builders relinquished 30 acres of lands which were controversially transferred during the elections impasse by the coalition government, another developer has announced intentions to also rescind.

Managing Director, Dr. Mahendra Carpen

Yesterday Cardiology Services Inc. announced it had since 2017 reached out to NICIL by way of an Expression of Interest to purchase various lands in Ogle (the “Property”) for the purposes of building a hospital.
The company’s Managing Director is well-known cardiologist, Dr. Mahendra Carpen.
It disclosed that in February of 2020, an Agreement of Sale was signed.
“In June 2020, without the knowledge or participation of Cardiology Services Inc, the property was vested in Cardiology Services Inc. though the financial terms of the transaction had not been completed.”
According to the company, given the circumstances surrounding the vesting of the property, it has “agreed to rescind the Vesting Order without prejudice and revert title of the property to NICIL so as to enable the Government of Guyana to fulfill its mandate to ensure all lands are reclaimed unimpeded.”
Cardiology Services Inc. said yesterday that it looks forward to “working with NICIL and the Government of Guyana to achieve their mutual goals of building a state of the art private hospital at the appropriate time.”
This development follows on a similar decision by Navigant Builders on Thursday. There were questions this year after it was announced by the Coalition government and NICIL that several plots of the Ogle lands, formerly under sugar cane cultivation have been sold to developers.
This happened shortly before the March 2nd elections. Both Navigant and Cardiology Services are saying that the lands were transferred to them despite the payments not being completed.
The highly questionable transactions involved the transfer of the lands, which are located near a major planned highway that would link the East Coast to the East Bank transportation network.
In addition to Navigant Builders, the other companies which conducted transactions were Supergraphics (5.058 acres); GUYOIL (1.500 acres); the Residences at Earl’s Court Incorporated (10.281 acres); Navigant Builders Incorporated (30.000 acres); Premier Sales and Services Incorporated (5.015 acres); Trinuyana Investments Incorporated (19.678 acres), Caribbean Marketing Enterprise Incorporated (21.096 acres), American Marine Services Incorporated (20.000 acres) and Cardiology Incorporated (8.000 acres).
A number of the developers above had indicated plans to build hotels, with sod-turning days before the March 2 elections. The government, under President Irfaan Ali, has said it will investigate transactions involving State properties that took place after the December 21, 2018 no-confidence vote, which effectively toppled the Coalition Government.

 

Source: Kaieteur News

25
Sep 20

By Guyana Chronicle

 

President and CEO of Navigant Builders Inc, Danny Sawh
President and CEO of Navigant Builders Inc, Danny Sawh

 

– rescinds vesting order, requests properties be re-issued in more transparent manner

NAVIGANT Builders Inc, the developers of Windsor Estates, on Thursday, announced that it was postponing plans to continue its Ogle Development Project and cancelled all payments to National Industrial and Commercial Investments Limited (NICIL).

Navigant Builders, in February last, had planned to construct a premier luxury, commercial and residential community at Ogle, East Coast Demerara.
The intention was to develop 30 acres of land which were once used for sugarcane cultivation. The investment was pegged at US$84 million.

“In June 2020, unknown to Navigant, NICIL vested the property to us which was subject to our agreement of sale; though we had indicated, in writing to NICIL, that we cannot move ahead with the said project until such time as the elections crisis was resolved,” President and CEO, Danny Sawh, a US-based Guyanese Entrepreneur said.
In light of the cloud of uncertainty that surrounds the transfer of title, Sawh, in a press release stated “we hereby announce that we would like to rescind the Vesting Order and revert such title back to NICIL, thus to enable the Government of Guyana to reclaim all lands and re-issue such properties in a more transparent manner.”
The US-based Guyanese entrepreneur said his company intends to embark on a signature urban mixed-use development on the East Coast of Demerara, featuring luxury residential properties and Class A office space in the near future and looks forward to working with NICIL and the Government of Guyana in this endeavor.

 

Source: Guyana Chronicle

25
Sep 20

By NewsRoom

The sod turning ceremony at the site of the construction for the Windsor Estates Housing Development

 

Windsor Estates, which was undertaking a project at Ogle, East Coast Demerara to build luxury residential properties and Class A office spaces, has announced that it is handing back the title and the land to the Government for it to be reissued in a more transparent manner.

Windsor Estates had planned the project under a company called Navigant Builders, which immediately after the elections announced that it was postponing plans to continue the development and cancelled all payments to NICIL, the government’s investment arm.

In June 2020, the company said NICIL vested the property in its name without its knowledge, even though it had indicated in writing to NICIL that it could not move ahead with the project until the elections crisis was resolved.

“In light of the cloud of uncertainty that surrounds the transfer of title, we hereby announce that we would like to rescind the Vesting Order and revert such title back to NICIL, thus to enable the Government of Guyana to reclaim all lands and re issue such properties in a more transparent manner,” the company stated in a press release which was also issued by NICIL.

The company said it intends to embark on a signature urban mixed-use development “in the near future and looks forward to working with NICIL and the Government of Guyana in this endeavor.”

 

Source: NewsRoom

25
Sep 20

By Newsroom

 

Navigant Builders Inc. and Cardiology Services Inc. have relinquished Vesting Orders and reverted the title of the lands to NICIL.

On Friday, a second major developer, Cardiology Services Inc. voluntarily relinquished the Vesting Order and reverted the title of the lands at Ogle, East Coast Demerara vested to it.

In its press release, Cardiology Services Inc. stated that “without the knowledge and participation of Cardiology Services Inc. the property was vested in Cardiology Services Inc. though the financial terms of the transaction had not been completed.”

The Vesting orders were signed by the former Minister of Finance under the APNU+AFC Government Winston Jordan.

Winston Jordan

On Thursday, in its release, Navigant Builders Inc. stated that in June 2020, unbeknownst to Navigant, NICIL vested the property to Navigant, although Navigant had previously cancelled all payments to NICIL.

Both companies have signalled that they have a continued interest in their respective projects and look forward to working with NICIL and the Government.

Source: Newsroom

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