The Alliance For Change wants the public to be aware that in excess of $50 billion dollars was cut from the 2012 National Budget by the PPP/C Government. This money which is being held in the NICIL Account is money accrued from the sale of assets that were owned by the people of this country. As a result, the money should have been placed in the people’s treasury. Instead, the government which authorized NICIL to act as the ‘sale agent’ has pocketed the money in an account under their control. This has resulted in a situation where the elected representatives of the people cannot monitor or even question how the money is being used.
Failure by the Government to add this money to the national treasury has resulted in it being cut from the 2012 budget.
Reputable sources have analysed that over $50 million of the people’s money is supposed to be in the NICIL account and many more billions are being held in other accounts under the control of the PPP administration.
The AFC will continue to update the media and the public on these activities as we get more information. [END]
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