Daily Archives: September 24, 2011

Prime Minister Owen Arthur “invested” YOUR money in Nigeria. A predictable result.

Millions stolen with not one solar water heater made

by RLL

The short story: In 2006, your BLP Owen Arthur government “invested” $2.4 million dollars into a Nigerian solar water heater project. The Nigerian factory was never finished, not one water heater was made and your money is gone.

Question #1: Nigeria? What was Arthur thinking?

Question #2: For all the BLP “joint business ventures”, name one that was truly successful as a business.

There is the BLP hype about Owen Arthur being a brilliant economist, and then there is the reality. Owen Arthur borrowed 2.4 million dollars in your name, loaned it threw it away in Nigeria on a project that any drunk (except our drunk) knew would fail – and now you and your children have to pay.

Not one job was created in Barbados or Nigeria, and your money is not only gone – it is untraceably gone. There was no accountability built into the project to ensure that the money “invested” on behalf of Barbados taxpayers was used as intended.

Your government “invested” $2.4 million dollars of your money in Nigeria, one of the most corrupt countries in the world. What did they think would happen?

Who took the money?

Nigeria. Joint business venture with our tax dollars. Everybody knew what was going to happen.

Owen Arthur is truly an idiot… or… did he or anyone else in government have a piece of the action as a shareholder, supplier or consultant?

Somebody in your government probably made a quick five or ten percent on your lost $2.4 million.

Without transparency and accountability laws, we’ll never know. In any event, conflicts of interest like that are not illegal in Barbados. Your government officials are free to take kickbacks consultancy and supplier positions with companies that benefit from government grants, loans and contracts.

Compared to some of the past hits, the Nigerian solar water heater scam was a relatively small loss, but it perfectly illustrates why our country is on a downward slope without integrity, transparency and accountability laws. Once in power, the politician piggies have a field day and there is nothing that can be done.

Further Reading

You should read the news article at Barbados Today: Water heater write-off, but we’ll reprint the entire article here because the Bajan news media often removes or modifies news stories to change history and the BT gang did that when they worked at The Nation. Continue reading

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Filed under Barbados, Corruption, Energy, Freedom Of Information, Nigeria