NICIL paid over Gy$9B in dividends to Consolidated Fund
– Brassington willing to sit with Ramjattan on public television and bare facts on NICIL, privatization and integrity
EXECUTIVE Director of  NICIL, Winston Brassington has issued a statement in which he rebuked Mr. Khemraj Ramjattan of the Alliance For Change (AFC) for acting in a cowardly manner rather than confronting the several dishonest and unsubstantiated claims that he, as well as the Kaieteur News, are making by either face to face dialogue or in the Parliament. Brassington said he is willing to sit with Ramjattan, on national television, and ‘bare the facts’ on NICIL, privitisation and integrity.
For many months, the CEO of NICIL said he has sought to refrain from responding to the many dishonest and unsubstantiated reports of Kaieteur News and Mr. Ramjattan. “These attacks suggest that Mr Ramjattan prefers to act in a cowardly manner rather than confronting these issues by face to face dialogue or in the Parliament,” Brassington said in a statement yesterday.
“Therefore, if Mr. Ramjattan is interested in the truth, then a press interview on television is proposed, where both the CEO of NICIL and Mr. Ramjattan can ask questions on the above,” Brassington proposed.
He said the date, venue and moderator can be jointly agreed.

Following is the full text of Mr. Brassington’s statement yesterday:
In recent weeks, Mr. Khemraj Ramjattan of the Alliance For Change (AFC) has made a number of attacks on NICIL and its Executive Director Winston Brassington. The attacks on NICIL’s CEO remain unsubstantiated. Mr. Ramjattan continues to attack without producing any shred of information. The Kaieteur News’ headline of (yesterday, May 14) again seeks by innuendo to attack the integrity of the CEO.
For the record, NICIL has most recently completed interviews in which it has made the following statements:

* The primary applicable law to NICIL is the Companies Act
* During 2002 and 2011, over Gy$9B has been paid out by NICIL as dividends to the Consolidated Fund
* The Auditor General is the auditor of NICIL, as set out in the law; NICIL as a company has had its audit completed to the end of 2010; NICIL as a group has had its audit completed to the end of 2005. The annual report for 2004 for NICIL has been laid in Parliament. Additionally, NICIL has sought to lay in Parliament the audited accounts of its subsidiaries as soon as these are available; in the last two years, over 80 sets of annual reports/audited accounts related to NICIL’s subsidiaries  have been laid over to Parliament by the Minister of Finance
* In 2008, NICIL published a booklet on the transparency of all of its privatization; see www.privatisation.gov.gy. This booklet, established the transparency of every transaction. This booklet is being updated and will be issued very shortly.

NICIL’s CEO is willing to go on television with Mr. Ramjattan to discuss the following:
* Any fact relating to NICIL including all statements in the public arena made by Mr. Ramjattan
* Any fact relating to privatization and more importantly, the integrity of any transaction, including any transaction or statement in the media by Mr. Ramjattan
* The individual filings with the Integrity Commission

For many months, the CEO of NICIL has sought to refrain from responding to the many dishonest and unsubstantiated reports of Kaieteur News and Mr. Ramjattan. These attacks suggest that Mr Ramjattan prefers to act in a cowardly manner rather than confronting these issues by face to face dialogue or in the Parliament.
Therefore, if Mr. Ramjattan is interested in the truth, then a press interview on television is proposed, where both the CEO of NICIL and Mr. Ramjattan can ask questions on the above. The date, venue and moderator can be jointly agreed.