Almost two years after it was discovered that the Trinidad and Tobago Cricket Board misallocated almost $3 million in funding from the NGC, and six months after the NGC requested the TTCB to repay that money forthwith, the two bodies are still working on a way forward.
"The NGC is still in active discussions with the TTCB as a follow up to the audit to determine a way forward." said NGC communications manager; Lisa Burkett.
The NGC CNG Company says it will sponsor the conversion of 1,000 taxis and maxi taxis from gasoline to CNG from January 2019.
In a statement issued Monday, the company said this promotion follows a highly successful, fully-subscribed tranche of conversions in June and July 2018, where 500 taxi and 180 maxi taxi owners were offered sponsored conversions on a first-come, first-served basis.
Successful applicants are currently being converted by government-approved licensed converters.
SIS has scored a legal victory over the National Gas Company (NGC) at the Privy Council.
The matter surrounds the case in which the NGC applied to freeze the assets of SIS.
Before the local court’s, the matter was argued that the government has the right to retrieve the monies owed to it for a breach of contract.
The company’s legal team said the state was not allowed to sell, mortgage or encumber the assets in any way.
NGC was expected to file for a case management hearing in which the issue of the asset would have been discussed.