Photo | The Tribune

Aircraft registry: ‘Tangible’ progress by year-end 2019

The Bahamas wants “to have something tangible in place” for an aircraft registry by year-end 2019, it was revealed last night, after hiring a leading consultant to give effect to its ambitions.

‘We won’t destroy domestic aviation’

The Bahamas’ aviation director yesterday pledged to resist pressure to open up the domestic aviation market to foreign carriers - something he agreed could “destroy” local carriers.

Cargill's company car confiscated

FORMER NIB Director Algernon Cargill plans to sue the National Insurance Board after his company-issued vehicle was confiscated by the Board from his home yesterday morning.

Decision due this week on Cargill's future as Gibson insists audit cleared Moss

OFFICIALS at NIB are expected this week to recommend whether suspended Director Algernon Cargill is to be terminated, Board Minister Shane Gibson confirmed yesterday.

Cargill hits out at 'biased' NIB audit

The National Insurance Board’s (NIB) suspended director yesterday blasted the Grant Thornton forensic audit’s findings as “biased and incomplete”, rebutting its “exorbitant” conclusion on the rental of his brother’s apartment.

Court is asked to probe NIB audit

SUSPENDED National Insurance Board director Algernon Cargill has asked the courts to investigate the appointment of accounting firm Grant Thornton to conduct a forensic audit of NIB.

Cargill told to report to NIB board

ALGERNON Cargill, suspended NIB Director, has been told to either report to the Board within the next few days or risk not having the opportunity to defend himself against allegations which may not be in his best interest.

Cargill lawyers angry over failure of auditors to meet their client

LAWYERS for suspended NIB Director Algernon Cargill said they were shocked that auditors refused to meet with their client to give him the opportunity to defend himself against claims in the finished report that might not have been in his best interest.

Carifta swimmers' 30-medal haul

A 30-medal total and fifth place finish for Team Bahamas at the 28th CARIFTA Swimming Championships in Kingston, Jamaica, gives Bahamas Swimming Federation executives optimism on the future of the programme, but also placed local issues within the sport at the forefront.

NIB director to fight any audit 'misrepresentations'

Attorneys for suspended National Insurance Board (NIB) director Algernon Cargill yesterday said they would fight “any negligent misrepresentations” made about their client in the forensic audit report delivered to the Government.

Gibson accused of cover-up

NATIONAL Insurance Minister Shane Gibson allegedly attempted to “cover up” a reported NIB policy violation of a $15,000 guarantee issued to Doctors Hospital by providing the payment, a source claims.

Auditors will not question Cargill

THE auditors examining claims of misuse of funds at the National Insurance Board have no questions for former NIB director Algernon Cargill despite the fact that he is at the centre of the investigation, according to Mr Cargill’s attorney Alfred Sears.

Cargill to take further court action against Moss

COUNSEL for suspended NIB Director Algernon Cargill said he is “taking instructions” as to further possible court action against NIB chairman Gregory Moss in view of a statement he released on Tuesday.

Cargill returned as BSF president

ALGERNON Cargill was returned as president of the Bahamas Swimming Federation, which is going through a turbulent experience with the Bahamas Sports Authority over the use of the Betty Kelly Kenning Aquatic Center for a fee.

Cargill's pay 'in line' with other agencies

TOTAL compensation awarded to suspended director Algernon Cargill was in line with packages received by senior executives at government agencies of similar size, former chairman Patrick Ward said yesterday.

NIB: Pension payouts were 'put in jeopardy'

THE National Insurance Board (NIB) twice came close to missing monthly payments to hundreds of Bahamian pensioners after its chairman revoked management’s authority to ‘manage cash flow’, its director has alleged.

Defamation case filed against NIB

NATIONAL Insurance Board director Algernon Cargill and his attorney appeared in court yesterday after filing legal action in the Supreme Court against NIB and its chairman, alleging defamation.

PM: No agenda against NIB director

PRIME Minister Perry Christie said although Cabinet currently has no agenda to discuss the recent allegations against National Insurance Board Director Algernon Cargill, the allegations are being dealt with “very seriously.”

NIB '52% of way' to $200m income target

The National Insurance Board’s (NIB) $104 million in collected contribution income at end-June has put it slightly ahead of schedule, or more than 50 per cent of the way, towards its $200 million full-year target at 2012’s mid-point.

NIB seeing good overseas returns

THE National Insurance Board (NIB) has seen "very satisfactory" returns on its overseas investments, its director, Algernon Cargill, telling Tribune Business yesterday that surplus liquidity in the Bahamian financial system was part of the reason it wanted to invest abroad.

$12m NIB pensions to increase by 4.6%

THE National Insurance Board (NIB) pays out about $12 million monthly in long-term pensions, its director, Algernon Cargill, saying yesterday that their 4.6 per cent increase to come in July was "good news" for recipients.

The Tribune

Stories this photo appears in: