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Agricultural Credit Board directors dismissed

Hugh Graham

Questions have been raised following the dismissal of the Directors of the Agricultural Credit Board.
   
RJR News has been informed that letters, dated February 8, were sent to members of the board advising of the revocation of their appointments with immediate effect.
   
When RJR News contacted Hugh Graham, who was the chairman of the board, he confirmed that the directors had been sacked, but said no reason was given.

He, however, praised the board for its work.
                                                       
"In terms of the record of the board, that I can speak very proudly of, because it would have been public knowledge in terms of the breaches that were taking place at the National People's Co-operative Bank of Jamaica Limited (PC Bank). We did uncover many anomalies, and we did take action towards resolving many of those issues. Many persons who would have been culpable have been separated from that institution," recalled Mr. Graham. 
     
The Agricultural Credit Board, which falls under the Ministry of Agriculture, regulates financing to the agricultural sector.

In the meantime, Agriculture Minister Karl Samuda has declined to comment in detail on the dismissal of the directors of the Agricultural Credit Board.
   
However, he said the board would have been short lived as the entity is to be merged.
    
Speaking with RJR News on Friday morning, Mr. Samuda, while not stating the reasons for the dismissal of the directors, said the Agricultural Credit Board is to be merged with the Department of Cooperatives and Friendly Societies.
    



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