AMERICAN Marine Services Inc. is the latest company to join at least three other companies in returning former sugar estate lands at Ogle, East Coast Demerara which were issued to them under the previous administration.

In a statement on Tuesday, American Marine Services Inc., said it entered into an Agreement of Sale with the National Industrial and Commercial Investment Limited (NICIL) for 20 acres of land at Ogle, East Coast Demerara for the purpose of constructing a 247-unit residential complex.
“Given the circumstances surrounding the vesting of that property, we announce that we have agreed to surrender our interest in those lands with NICIL, we look forward to working with

NICIL and the Government of Guyana towards achieving our developmental goals,” the statement added.
Companies continue to renounce lands granted to them under the former A Partnership for National Unity+Alliance For Change (APNU+AFC) Government to allow for a new and transparent process.

Some of the companies that returned the lands include the Corum Group, the developer of Holiday Inns; Navigant Builders, the developer of the iconic Windsor Estate and Cardiology Services Inc.

The government, under President, Dr 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.