{"id":9094,"date":"2017-11-10T14:06:25","date_gmt":"2017-11-10T18:06:25","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=9094"},"modified":"2017-11-10T14:06:25","modified_gmt":"2017-11-10T18:06:25","slug":"upp-wants-an-end-to-namco","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/","title":{"rendered":"UPP wants an end to NAMCo"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

(Press Release)<\/p>

\"\"<\/a><\/div>\n

The United Progressive Party (UPP) is calling for the immediate scrapping of the suspicious and irregular National Asset Management Company (NAMCo), and for a return of all public funds currently under its control to the statutory corporations and other bodies from which they originated.<\/p>\n

The call follows the shocking disclosure by Prime Minister Gaston Browne, (yesterday) in Parliament, that funds derived from public corporations will be privately managed by NAMCo with zero disclosure to the public.
\nThe Party further calls on the Government to tell the taxpayers of this country the exact quantum of funds already expended, and the uses to which they were put.<\/p>

\"\"<\/a><\/div>
\"\"<\/div>\n

\u201cIt is wholly unacceptable to risk the proceeds of all the government\u2019s shares in the West Indies Oil Company (WIOC), Caribbean Union Bank (CUB), State Insurance Corporation, National Housing Corporation and ‘several joint venture hotels’ being used and abused with zero parliamentary oversight and verifiable reporting to the public,\u201d Senator Harold Lovell stated.<\/p>

\"\"<\/a><\/div>\n

\u201cIt is also of zero comfort or consequence that the Accountant General, Financial Secretary and Deputy Financial Secretary are the signatories to NAMCo\u2019s accounts,\u201d he added.
\n\u201cNothing short of full parliamentary disclosure is acceptable.\u201d<\/p>\n

The UPP Political Leader also condemned the involvement of three Government ministers on the NAMCo board, including Sir Robin Yearwood and Samantha Marshall, saying, \u201cMinisters should not be involved at that level. Ministers make policy; but you don\u2019t expect ministers to be sitting on a board in terms of the actual running of a board. That should be done by other persons. This is totally reprehensible.\u201d<\/p>

\"\"<\/a><\/div>\n

In October 2016, the UPP went on record denouncing the removal of public revenues from the scrutiny of the Opposition, through the incorporation of NAMCo. At that time Party Chairman D.Gisele Isaac said, \u201cYou\u2019re going to siphon off the profits separately. No Opposition member has been asked to serve as a director and these are public funds.\u201d<\/p>\n

She further argued that Opposition members, \u201cboth in the Upper House and the Lower House,\u201d should \u201cget a chance to weigh in on the debate, look at the figures; ask questions, say \u2018This can\u2019t work.\u2019\u201d<\/p>

\"\"<\/a><\/div>\n

In response to this serious concern, Sir Robin then sought to reassure a suspicious public in a November 2, 2016 interview on Observer AM: \u201cAs you know, all corporations must have audited financial accounts. Wherever the Government has interest in anything \u2013 those accounts will be laid before Parliament.\u201d<\/p>

\"\"<\/a><\/div>\n

This is now being proven as just another ABLP lie.<\/p>\n

Senator Lovell today questioned the secrecy surrounding NAMCo\u2019s operations, asking, \u201cIs it legal, ethical or rational for the government to operate in this manner? The more we learn about the way Gaston Browne conducts business using public funds, the more it gives us cause for concern. Where did he go to business school and what business principles does he adhere to?\u201d<\/p>\n

The Opposition does not intend to take this latest outrage lying down, however. \u201cWe intend to file an injunction and proceed with legal action on behalf of the people of Antigua and Barbuda,\u201d Lovell stated.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

(Press Release) The United Progressive Party (UPP) is calling for the immediate scrapping of the suspicious and irregular National Asset Management Company (NAMCo), and for a return of all public funds currently under its control to the statutory corporations and other bodies from which they originated. The call follows the shocking disclosure by Prime Minister […]<\/p>\n","protected":false},"author":3,"featured_media":2884,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"yoast_head":"\nUPP wants an end to NAMCo - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPP wants an end to NAMCo\" \/>\n<meta property=\"og:description\" content=\"(Press Release) The United Progressive Party (UPP) is calling for the immediate scrapping of the suspicious and irregular National Asset Management Company (NAMCo), and for a return of all public funds currently under its control to the statutory corporations and other bodies from which they originated. The call follows the shocking disclosure by Prime Minister […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-10T18:06:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"639\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"UPP wants an end to NAMCo\",\"datePublished\":\"2017-11-10T18:06:25+00:00\",\"dateModified\":\"2017-11-10T18:06:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\"},\"wordCount\":516,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg\",\"articleSection\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\",\"url\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\",\"name\":\"UPP wants an end to NAMCo - Antigua News Room\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg\",\"datePublished\":\"2017-11-10T18:06:25+00:00\",\"dateModified\":\"2017-11-10T18:06:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg\",\"width\":\"960\",\"height\":\"639\",\"caption\":\"Leader of UPP Harold Lovell (file photo).\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/antiguanewsroom.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UPP wants an end to NAMCo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/antiguanewsroom.com\/#website\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"name\":\"Antigua News Room\",\"description\":\"News As It Happens\",\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/antiguanewsroom.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\",\"name\":\"Antigua Newsroom\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"width\":1260,\"height\":1260,\"caption\":\"Antigua Newsroom\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antiguanewsroom\",\"https:\/\/x.com\/AntiguaNewsRoom\",\"https:\/\/www.instagram.com\/antiguanewsroom\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"caption\":\"Editor\"},\"url\":\"https:\/\/antiguanewsroom.com\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UPP wants an end to NAMCo - Antigua News Room","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/","og_locale":"en_US","og_type":"article","og_title":"UPP wants an end to NAMCo","og_description":"(Press Release) The United Progressive Party (UPP) is calling for the immediate scrapping of the suspicious and irregular National Asset Management Company (NAMCo), and for a return of all public funds currently under its control to the statutory corporations and other bodies from which they originated. The call follows the shocking disclosure by Prime Minister […]","og_url":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/","og_site_name":"Antigua News Room","article_publisher":"https:\/\/www.facebook.com\/antiguanewsroom","article_published_time":"2017-11-10T18:06:25+00:00","og_image":[{"width":960,"height":639,"url":"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@AntiguaNewsRoom","twitter_site":"@AntiguaNewsRoom","twitter_misc":{"Written by":"Editor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#article","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/"},"author":{"name":"Editor","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5"},"headline":"UPP wants an end to NAMCo","datePublished":"2017-11-10T18:06:25+00:00","dateModified":"2017-11-10T18:06:25+00:00","mainEntityOfPage":{"@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/"},"wordCount":516,"commentCount":1,"publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"image":{"@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg","articleSection":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/","url":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/","name":"UPP wants an end to NAMCo - Antigua News Room","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage"},"image":{"@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg","datePublished":"2017-11-10T18:06:25+00:00","dateModified":"2017-11-10T18:06:25+00:00","breadcrumb":{"@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#primaryimage","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:960\/h:639\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/06\/Anr-Lovell-walk.jpg","width":"960","height":"639","caption":"Leader of UPP Harold Lovell (file photo)."},{"@type":"BreadcrumbList","@id":"https:\/\/antiguanewsroom.com\/upp-wants-an-end-to-namco\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/antiguanewsroom.com\/"},{"@type":"ListItem","position":2,"name":"UPP wants an end to NAMCo"}]},{"@type":"WebSite","@id":"https:\/\/antiguanewsroom.com\/#website","url":"https:\/\/antiguanewsroom.com\/","name":"Antigua News Room","description":"News As It Happens","publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/antiguanewsroom.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/antiguanewsroom.com\/#organization","name":"Antigua Newsroom","url":"https:\/\/antiguanewsroom.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","width":1260,"height":1260,"caption":"Antigua Newsroom"},"image":{"@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antiguanewsroom","https:\/\/x.com\/AntiguaNewsRoom","https:\/\/www.instagram.com\/antiguanewsroom\/"]},{"@type":"Person","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","caption":"Editor"},"url":"https:\/\/antiguanewsroom.com\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/9094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/comments?post=9094"}],"version-history":[{"count":0,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/9094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media\/2884"}],"wp:attachment":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media?parent=9094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/categories?post=9094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/tags?post=9094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}