Tag: politics

Letter to the Editor – The State-owned and controlled entities

Sunday, 31st August 2025

The Editor,

The April 2025 election of the UNC govt has triggered convulsions within State-controlled entities, with the replacement of Boards and Management being the main issues, most recently in the case of First Citizens’ Bank (FCB) in which the State is the majority shareholder.

The Finance Ministry is entirely within its legal rights to change the Boards of State-controlled entities, subject of course to compliance with the Central Bank’s ‘Fit & Proper’ rules and the requirements for an Extraordinary General Meeting. 

That said, there are a few additional perspectives to consider, flowing from the PM’s outright, repeated declarations that the State is the majority shareholder in both FCB and Republic Bank Ltd – 

  • Republic Bank’s Board – We are witness to the sudden replacement of FCB’s CEO and its entire Board, so are we now therefore to expect that the Republic Financial Holdings’ CEO and Board is to be similarly, summarily replaced? If not, why not? This question was also posed by my erstwhile colleague and Business Guardian Editor, Anthony Wilson, on 28th August 2025 in ‘Is Republic Bank next?‘
  • The Integrity Commission – Will all Officers and Directors of both those companies now be required to file declarations to the Integrity Commission?
  • Changing/Replacing the Board – I agree with Mariano Browne’s recent comments that it is inadvisable and extremely rare for the entire board of a financial institution to be changed all at once, since that means complete loss of institutional memory.

Finally, I was concerned to note that the new appointee as incoming FCB Chairman is Mr Shankar Bidaisee, who was also recently appointed Chairman of UDECOTT. This is not in any way an attack on Mr Bidaisee’s competence, but the era of the ‘super-Chairman’ or ‘Czar’ should be placed firmly in the history books. Former PM, the late Patrick Manning, found such favour with Calder Hart that he was appointed to Chair the Boards of five State-controlled  entities. Yes, five. We all should reflect on how that particular ‘concentration of power’ ended-up1. But that was in the ‘bad-old-days’, and we ought to have learned from those bitter experiences. There are enough high-quality, willing candidates to serve in those positions, even given the heavy demands of public office. That concentration of power is never a good thing, so it needs to be avoided.

Afra Raymond
afraraymond.net

  1. The impact of that benighted period was deep and adverse, climaxing in the Uff Enquiry which effectively unmasked Calder Hart such that he departed just before publication of that Report, never to return – two decisive extracts from Hart’s cross-examination are here for readers who want to see the pitiful depths to which racism and colonialism took us in the first decade of the new millennium, under a PNM administration. ↩︎

Letter to the Editor – Publish details of State Office Rentals NOW!

The Editor,

In the early 2000s, the then-PNM administration, under the late Patrick Manning, made ambitious urban development proposals intended to reduce the State’s historic dependence on private-sector landlords. 

That program was executed by UDECOTT, under the hand of Calder Hart, with 2.3M square feet of offices constructed by the State in POS. The iconic, elliptical, blue-glass office tower on Independence Square is Nicholas Towers, which contains 100,000 sf of offices – so our Public Money funded the construction of new offices 23 times the size of Nicholas Towers. 

Apart from the staggering UDECOTT corruption confirmed at the 2009 Uff Enquiry, I have always had nagging doubts as to whether that massive office construction program actually achieved its objectives. Despite my efforts, it was never clear if our monthly rental bill for State offices had in fact been significantly reduced as a result of that UDECOTT program. There certainly have been no official declarations of that achievement, which one would expect if indeed that had been the case, given our political culture.

In October 2023, I exchanged points with then Public Administration Minister, Ms Allison West, on the conflicting and incomplete details of the State’s leasing of the former RBC HQ building at Park St in POS for the Office of the DPP. At that time, then-Minister West attempted a rebuttal of my claims of massive corruption, but that was rendered nugatory by both her failure to provide any substantiation for the details of the Public Monies spent on that failed project and her claims that all the details of State leases were available on the ‘Property & Real Estate portal’ at https://pmis.gov.tt/. That link remains a dead one, so the information is as yet inaccessible to the public. At that time, I asked the question – 

‘Why not make the entire database readily accessible to the public, just like the EBC list?’.

There was no reply, so no details were provided.

I was therefore pleased to hear the statement by Prime Minister Kamla Persad-Bissessar SC to the 22nd May 2025 post-Cabinet Press Briefing in which the issue of secrecy/confidentiality of State office rentals was specifically addressed – 

“…We will release the existing list to the Public, in the interest of Transparency…this is your Money, this is Taxpayers’ Money, and you have a right to know where your Money is being spent…So Minister has been given the authority to release that list of the rentals, for you to see what has been happening, in secret and, in some cases, illegally…if public members don’t want people to know that we are renting your building, Government is renting your building, with Taxpayers’ Money, then too bad for you, don’t rent-out your building, do not rent-out your building if you don’t want people to know that you are renting your building to the Government…simple as that, so don’t come and cry and plead ‘privacy’, there is no privacy when we are spending Taxpayers’ Dollars…there can be no defence of ‘Privacy’, or you don’t want your name out there…” 

The PM’s statement can be found between 13:22 and 14:48 in the YouTube recording of that 22nd May 2025 post-Cabinet Press Briefing.

I entirely agree with those emphatic statements from our PM, Kamla Persad-Bissessar SC, so I am calling for all the details of the State’s office leases to be published as a searchable database showing Addresses: Owners’ identities: Square footage: Carparking: Rental paid: Lease terms (i.e. start and finish dates): Repairing/Maintenance obligations.

Sunlight is the best Disinfectant.

Afra Raymond
afraraymond.net

A worthy NGO?

‘…We are not Serious…
Very few Conscious…
So I cannot agree with mih own Chorus!…’

from the first verse of ‘Dis Place nice’ by Brother Valentino

‘…Your silence will not protect you…’

Caribbean Philosopher Audre Lorde, on the false beliefs and toxic consequences earned from calculated or cowardly silences

“Last call to all corporates. Support this worthy NGO if you can,” was the rallying note from an erstwhile Colleague who had served on the Board of the T&T Transparency Institute (TTTI). This was an appeal to boost ticket sales for the TTTI’s fundraising dinner carded for 22 May 2024, but it ultimately provoked me into making these pointed observations, so here goes.

For a some years now, it has become increasingly clear that TTTI had drifted from its purpose with less and less work, of lower and lower quality, emerging from that NGO of which I am an Ordinary Member. One can scarcely believe that this was once a vibrant, outspoken and well-informed NGO with dedicated leaders such as Victor Hart, Richard Joseph, Deryck Murray and Annette des Iles, not that we can ever forget the recently departed Reginald Dumas and Boyd Reid.

I am making serious alIegations, so let me show the extent to which the TTTI has strayed from its purpose. Apart from its bewildering silence and lack of support during the recent campaign to have the Public Procurement & Disposal of Public Property Act proclaimed, one can scarcely recall the last time any TTTI Representative was on TV, Radio or in the printed Press.

TTTI’s webpage offers a June 2021 item as the latest in its ‘Press & Media Releases’ tab (almost three years ago), with its latest ‘News’ item being the January 2024 ‘Launch of the 2023 Corruption Perceptions Index’, to which I will return.

TTTI’s IG account seems to have been captured by fete-promoters, with scandalous content, which I notified TTTI about since early December 2023, but the contents are still there. [N.B. The account, with 2 posts and 10 followers to date, is online.]

TTTI’s FB page is moribund with not one single local issue highlighted in the whole of 2023 (!);

On Twitter, TTTI is also moribund (only 146 followers), with its most recent post being an anodyne International Women’s Day flyer dated 8th March 2023. The most recent local issue or event is its Town Hall meeting on 27th October 2020 against Gender-Based Violence in T&T. Clearly, both of those are important issues, but what is the nexus with TTTI’s mission?

The newly-elected TTTI Chair, Ms Donna Jack-Hill, presented the 2023 Corruption Perceptions Index on 30th January 2024 and some of her comments on the need for an independent and robust Judiciary were widely misunderstood to be pointed at T&T’s Judicial Officers. A strong backlash emerged with Press Releases from the Law Association and the Judiciary, together with several newspaper articles/editorials.

As unfortunate as it was, the misreporting of those TTTI statements and the public backlash presented a good opportunity to clear the air and for the new Chair to have reset standards. It is my view that this required a timely and solid response from TTTI, since the Press Reports on the 2023 CPI, were deeply critical of TTTI’s credibility. I am not aware that any public comment or clarification was made, so perhaps this Gala Dinner will be yet another chance to correct the record and find a new voice, albeit too long in coming. We will see.

In 100 years’ time, historians will struggle to understand how in a land like ours, an organisation like ours (yes, I am a true member of TTTI) could have said so little at a time like this.

Careerists who are concerned to bolster their CV and careful to avoid offending anyone with more power or money than themselves are a clear and present danger to our Republic, especially when they maintain an intentional silence in the face of epic wrongdoing.

Sad to say, but TTTI’s apparent reluctance to clarify or raise its voice is redolent of the evasions and strategic silences of our ruling class. Silence is the Enemy of Progress.

I welcome a response to these issues from TTTI.

Afra Raymond
afraraymond.net
This is my critique of the output of the TTTI, published on Sunday 19th May 2024 in the T&T Express, T&T Guardian and T&T Newsday, it also appeared on Wired868 – https://wired868.com/2024/05/21/dear-editor-is-tt-transparency-institute-really-a-worthy-ngo/.

AUDIO: Podcast interview with Ra Hendricks on 60 years of T&T independence

Afra Raymond participated in an interactive interview with British podcaster, Ra Hendricks, on T&T’s 60th Anniversary of Independence. They discuss governance and policy, expectations of the population and harsh realities, successes and limitations and more, all framed by a choice of favourite calypsos from those 60 years.

  • Programme Date: Wednesday 7th September 2022
  • Programme Length: 01:45:00

Property Matters – Pay Day? Part Two

past-dueI previously estimated State debt to the construction industry in the $3.2-3.5 Billion range. I have since been reliably informed that construction industry claims against WASA are estimated to be in the $600M range, which of course would be subject to verification as discussed previously. My revised estimate (see table below) is now in excess of $3.8 Billion, compared to the JCC’s 27 July 2016 estimate of $2.3 Billion.

The size of my more recent estimate gives a severe picture of the State’s indebtedness to the construction industry, which is the sector that Central Bank research shows to be the largest employer in the national economy. Apart from that, the construction industry also has deep links to other important parts of the national economy such as quarrying; banking/finance/insurance; hardware stores; a range of manufacturers; transportation and so on. Continue reading “Property Matters – Pay Day? Part Two” →

Board Games – part 2

state-boards-logos

SIDEBAR: Correction on Court Case

With apologies to readers, in the previous article, I mistakenly named UTT as the SoE which had sued its Directors over allegations of a negligent 2005 investment, in fact it is eTeck which sued its Board. A lawsuit was launched by UTT on a similar series of allegations, but that was abandoned in July 2015.

Both those Boards were headed by Professor Ken Julien.

The previous article prompted a series of extremely interesting responses, so I will continue this examination of the State Controlled Agencies. That phrase includes State-owned Enterprises (such as UDECOTT, Caribbean Airlines and EFCL) and Statutory Agencies (like WASA, TTEC, CDA, PATT and HDC).

Some sharp objections were made to my comparison of the relation between the State, the Government and Citizens to a Company, its Board of Directors and its shareholders. I maintain that this is a valid comparison for us to reflect on the proper roles and responsibilities of the various public officials, but perhaps more importantly, the responsibilities of us citizens. Continue reading “Board Games – part 2” →

CL Financial bailout – Duprey’s Story: SIFI vs PIFI

Artwork by NiCam Graphics

On Sunday 22nd May 2016, the front-page story in this newspaper was headlined ‘We will pay it back‘. That article featured very interesting quotes from former CL Financial Executive Chairman, Lawrence Duprey as well as the Minister of Finance & the Economy, Colm Imbert, on the prospects for repayment of the huge sums of Public Money spent on this CL Financial bailout.

Duprey claimed to have made a formal proposal to the State to repay taxpayers and all stakeholders who are owed money, while insisting that the amount owed was yet to be determined. The failure or refusal of the State to publish any audited statements in relation to this CL Financial bailout appears to be impeding the discussions as to a settlement of this massive debt. The sidebar contains a summary of how the Public Money spent on this bailout has grown from the initial 2009 estimates of $5 Billion to a 2016 figure now said to exceed $24 Billion. Continue reading “CL Financial bailout – Duprey’s Story: SIFI vs PIFI” →

Board Games

demming xed out
Dennise Demming (left) was “removed and replaced” as the chair of the Tourism Development Company by Corporation Sole. Standing with Demming are Tourism minister, the Hon. Shamfa Cudjoe MP and TDC director Tonya Laing. Photo courtesy Trinidad Express.

The recent controversy over the dismissal of Dennise Demming as Chair of the Tourism Development Company (TDC) has sparked yet another round of debate on the role and operation of State-owned-Enterprises (SoEs).

Some of the issues which have arisen are –

  • What is the purpose of these SoEs?
  • How do the Boards of these SoEs get appointed?
  • Are Board Directors of SoEs required to follow directions from the line Minister?
  • Do Board Directors of SoEs have the right to get involved in managerial decisions such as hiring of staff and awarding of contracts?
  • Do Ministers and Permanent Secretaries have the right to meet with or direct staff of the SoEs without the input of the Board of Directors?
  • Given the recent Appeal Court decision in the eTeck case, what is the legal liability of Board Directors of SoEs?

Continue reading “Board Games” →

Privacy Pros & Cons

The recent high-level of public concern over the SSA Amendment Bill was of limited concern to me, until I started listening properly. In the event, the proposed law was passed by the Parliament and there is some threat from the Opposition of a lawsuit to test its constitutionality. We will see.

Two very interesting stances surfaced during the heated debates and it is at these kind of moments that I sometimes think of our so-called political divide. Those were the Right to Privacy stance disclosed by the AG and the private briefing of Parliamentarians as a legislative tool.

Sen. Faris Al Rawi, Attorney General
Faris Al Rawi, Attorney General

The AG, Faris Al Rawi, was emphatic on 2nd May 2016 that we have ‘…no enshrined right to privacy under the law…‘. He was almost immediately contradicted by former CJ, Michael de la Bastide QC, who relied on Section 4 (c) of the Constitution which specifies ‘the right of the individual to respect for his private and family life’. In ‘The creep of Tyranny‘ on Monday 9th May 2016 in this newspaper, my colleague Michael Harris also made strong objections to the AG’s stance. Of course we have rights to privacy and those are entrenched in our Constitution, but now those rights can be limited by the new law, intended to promote national security. Continue reading “Privacy Pros & Cons” →