NIB in trouble, Ingraham to appoint new director



Sir Clifford and Lady Darling at the naming of the National Insurance complex in his honour early last year.

Nassau, Bahamas: The nation’s premier insurance scheme is in trouble. Insiders at National Insurance Board [NIB] has confirmed to Bahamas Press that COLOSSAL DAMAGES were done at the institution and now the programme is in trouble. A source at NIB has confirmed that Prime Minister Hubert Ingraham, whom has taken over responsibly for the troubled scheme, has ordered the appointment of a full time director.

In a recent Cabinet shuffle Prime Minister removed Kenneth Russell from his NIB portfolio, where insiders have confirmed that the department has had no leadership under his term. “Huge mismanagement and colossal damages are now at NIB and with the firing of former director Lernox McCartney last year, the operations at NIB has turned for the worse,” the source noted to Bahamas Press.

Bahamas Press has learned that Darron Cash current CFO of First Caribbean Bank and former FNM Senator was interview on yesterday by the board at NIB. Reports have also confirmed that the acting director Anthony Curtis and another third person is also being considered for the top job.

Bahamas Press has also learned that the NIB has failed to collect on loans issued to Bahamasair, ZNS and Mortgage Corp. along several other government corporations, thus placing the fund in jeopardy. “Kenneth Russell and Brensil Rolle left in a mess at NIB and many staff woes are also beginning to trouble the organization,” the source said.


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