The changing mandate of NICIL over the years (Part II)

In last week’s article, we began a discussion on the operations of the National Industrial and Commercial Investments Ltd (NICIL) in the light of the controversy over its involvement in the leasing and disposal of State lands under questionable circumstances. This was at a time when the Government’s status was that of an interim Administration, following the 21 December 2018 no confidence vote. The Caribbean Court of Justice had advised that in view of its caretaker status, the Government should exercise restraint in its legal authority, implying that no major decisions, such as the disposal of State assets, should be made.