Categorized | National News

NIB Audit Delayed

National Insurance Minister Shane Gibson will have to wait a while longer before he receives the internal audit, which reveals the financial dealings of suspended NIB director Algernon Cargill and axed Chairman Greg Moss.
Yesterday, Minister Gibson initially told the Bahama Journal that he expected the report on his desk.
However, he later told the Journal that he had not received it because auditors wanted to speak with both Mr. Cargill and Mr. Moss.
The pair is currently engaged in a bitter battle in court after Mr. Moss raised serious allegations against Mr. Cargill in a 22-page letter to NIB Minister Shane Gibson.
In that letter, Mr. Moss and the Board suggested that Mr. Cargill and other executives be fired – accusing Mr. Cargill of engaging in a conflict of interest and abusing millions of dollars in NIB funds.
The letter listed eight examples to support the Board’s claims.

There were also claims that Mr. Cargill was the highest paid public servant in the country.

Since then, Mr. Cargill has filed a law suit against Mr. Moss and the Board.

Mr. Moss on the other hand was under scrutiny for the use of a credit card belonging to NIB.
Prime Minister Perry Christie initially told reporters that Mr. Moss’ NIB-issued visa platinum credit card had been confiscated.
However, last month Mr. Moss responded on a social media webpage saying that was untrue.
Soon after, the prime minister issued a letter to Mr. Moss saying that the then chairman either resign or be fired.
After he refused to resign, Mr. Christie fired Mr. Moss, who serves as MP for Marco City.
Mr. Moss still supports the Progressive Liberal Party (PLP).
Later, Father James Moultrie – the former rector of St. Matthew’s Anglican Church – was named NIB chairman.
The audit is being conducted by accounting firm Grant Thorton.

Written by Jones Bahamas

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