Latest update February 16th, 2025 7:47 AM
Jun 25, 2015 News
– entire Board, Head to be replaced
– Harmon to spill beans on Govt. officials receiving state contracts
The state-owned Guyana Oil Company (GuyOil) has been instructed to turn off its pumps for several former
Government officials who have been filling up their tanks and those of families without authorization.
According to Minister of State, Joseph Harmon, there is enough evidence to suggest that the credit facilities at GuyOil for authorized vehicles have been heavily abused.
The Ministry of the Presidency has since asked GuyOil to submit its invoices along with statements. Persons found guilty will have to pay.
The abuse of the credit facility would have run into the millions.
While not naming the persons, Harmon during his weekly press briefings, made it clear yesterday that the issue is a matter that is being addressed and falls into a pattern of abuse, of “serious abuse by the previous administration.”
It appeared that the former Government officials even allowed family members to fill up on gas. It is simple, he said…The monies will have to be paid by the guilty persons.
GuyOil is a not private company…it belongs to the people…”It is our money”.
The various ministries are now handling the issue and have been advised on how to proceed, Harmon disclosed.
Government is not leaving GuyOil and it’s management without some of the blame for the abuse.
The entity is handling billions of dollars in gas sales and distribution but there have been accusations of smuggling and wrongdoings in its operations over the years.
With the life of the Board of Directors expected to expire at the end of the month,
State-owned GuyOil has been ordered to stop pumping gas for former Government officials and their families who have unauthorisedly been still collecting fuel.
the new administration will likely not be looking to sack the members and its chairman.
Rather, a meeting with senior officials of the coalition Government is expected as early as Saturday to determine the new management and the Board of Directors of several state companies, including that of GuyOil.
The company’s Managing Director, Badri Persaud, has himself been under pressure to resign. He was a candidate for the People’s Progressive Party/Civic which suffered defeat in the May 11 General Elections after 23 years in power.
The “abuse” of office would have also spilled over in other areas.
According to Harmon, he has information of several Government officials who in the lead-up to the recent General Elections were beneficiaries of state contracts.
“…During the course of next week, I will release some other information about some of the officials who have actually been abusing their positions in the state… to have contracts awarded to them personally in the last months of the previous administration.”
Kaieteur News understands that one of the officials includes a former Minister who resigned last year amidst a scandal.
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