PRIME MINISTER PETER O’NEILL, YOU ARE NOTHING BUT A LIAR AND A THIEF.

by PNGBLOGS

The Prime Minister has been up to his second favourite trick recently after stealing – telling lies.

And once again he’s been caught out big-time, this time over the cost of holding APEC.

The Prime Minister doesn’t know whether he’s telling lies or telling the truth any more – he can’t tell the difference.

So PNG Blogs is going to help the Pacific’s most corrupt and useless leader with some facts about APEC costs.

First of all an official IMF report stated that “the government plans to spend K3 billion over 2015-18 on the preparations for APEC 2018”

Mr O’Neill told Parliament last week that “the amount mention by IMF is utterly rubbish, inaccurate and not true. How can you spend K3 billion, when the country has only K12 billion budget every year?”

Note the big lie: the IMF did not say PNG was going to spend K3 billion on APEC in one year, as O’Steal claims.

It said the spending was over four years – 2015, 2016, 2017 and 2018.

Furthermore, the K3 billion estimate was given to the IMF by Mr O’Neill’s own officials during meetings in 2015 in preparation for the IMF report.

Last week, in his usual deceitful way, the Prime Minister did not give a cost estimate to Parliament, simply saying that K120 million was being spent to build APEC Haus.

He has long promised to table the APEC buget in Parliament, but still has not done so.

But evidence available in the public domain, including from the Prime Minister himself, shows that the K3 billion estimate is correct.

For example Mr O’Neill said on March 1 this year that his regime had set up a special-purpose company called APEC Infrastructure Investment Corporation.

Its major function so far has been to invest in the K1.5 billion Star Mountain Plaza Project, which is being built as a major APEC venue.

The State would directly contribute K316 million and the rest would come from the State-Owned MRDC Ltd, a well know PNC slush fund, by the simple device of stealing the landowner funds the company is supposed to hold in trust.

So there is K1.7 billion of the K3 billion already.

In addition, the O’Neill Regime is investing K1.4 billion in the Hilton Hotel, currently under construction as another major APEC venue. Again, all the money is being stolen from landowner trust funds at State-owned MRDC Ltd.

Make that K3.1 billion.

The Prime Minister himself presided over the July 2015 opening of the new K140 million Jacksons Airport refurbishment for APEC.

That’s K3.2 billion.

A new airport building joining the domestic and international terminals is due to be completed before the full APEC meeting in 2018, at a cost estimated at K100 million including fit-out and installation of services and operational equipment.

That’s K3.3 billion.

The O’Neill regime through NCDC is also paying for part of the cost of the illegal Paga Hill Estate development run by leading konman and O’Neill crony Gummi Fridriksson. It is paying for the ring road section of the development, which must be ready in time to host APEC events organised through corrupt contracts. The cost is K50 million.

We’re now at K3.35 billion.

APEC Haus – funded by leading tax-dodger Oil Search through the tax credit scheme – is to cost K120 million.

We’re now at K3.47 billion and still rising

Then there’s the cost of running the APEC 2018 Coordinating Authority being run by Prime Ministerial crony Chris Hawkins. The figure for this year (but not preceding years) has been made available and it is K80 million.

That’s K3.55 billion AT LEAST.

There are many more costs not included – for example the cruise ships needed to meet accommodation requirements not catered for by local establishments.

Entertainment. Logistics. Telecommunications. Police and Defence Force requirements. Foreign security arrangements. The numerous committee meetings, departmental meetings, summits and side-meetings of officials that have already been held. The cost of all the inflated contracts that have gone to O’Steal’s colleagues and cronies.

PRIME MINISTER PETER O’NEILL, YOU ARE NOTHING BUT A LIAR AND A THIEF.

Popular posts from this blog

HIGHLANDS FRAUD F*CKS RUNNING GOVERNMENT AGENCY,,,

Image
A Fraudster and unqualified person has been shortlisted for NEC submission for the position of CEPA Managing Director. The candidate in question is Jude Tukulyia. His academic credentials are subject to scrutiny. Further investigation is required to verify the authenticity and legitimacy of his qualifications, particularly the reported diploma in accounting, Bachelor of Laws, MBA from Divine Word and UPNG respectively. It is very suspicious and unprofessional  when the Minister for Environment Conservation and Climate Change, Hon Simo Kilepa, wrote to UPNG Vice Chancellor asking to confirm Jude’s questioned education qualifications. This very due diligence work is the core responsibility of the Public Service Commission and Department of Personnel Management. What authority does the portfolio minister have to write to the Universities? Dumbfounding indeed if one asks. Ulterior motives written all over the letter. This amounts to  Questionable Academic Qualifications of Mr Tukulyia.    
Read more

MARAPE & PAITA ABOUT TO SIGN AWAY PNG GOLD

Image
By: Andrew Arthur Prime Minister Hon. James Marape and his planning minister Reinbo Paita are the parties behind the theft of all Papua New Guinea’s gold for the next 100 years! They have given approval for the STATE of Papua New Guinea to sign away all gold rights to an Australian paper company in Refinery Holdings PTE LTD. First, they have done the deal with a paper company even before there is a LAW that says they have the right to do the deal. We see how the real manipulation works out. Marape and Paita now need to get the law passed by Parliament. The law is before the Parliament to set up Papua New Guinea’s first National Gold Corporation. The National Gold Corporation Bill first surfaced in 2012 but successive Government of Sir Michael Somare and Hon. Peter O’Neill, in their wisdom, had refused to pass this Bill as there have been some sinister motives and constitutional issues associated with the Bill. The new bill will allow Refinery Holdings LTD PTE to own 70% of the National
Read more

AUGUSTINE MANO PNG'S PREMIER CORPORATE CROOK

Image
by  MICHAEL J. PASSINGAN In a significant setback for Mineral Resources Development Corporation (MRDC), the Supreme Court of Papua New Guinea has dismissed the company's appeal to stop criminal investigations into its dealings with landowner funds held in the Pacific Balance Fund (PBF). The court ruled that MRDC's appeal was an "abuse of process" and ordered the company to pay costs of the proceedings. MRDC, a unit holder in PBF, had taken legal action against the National Court's decision to dismiss its case, arguing that the court had no jurisdiction to hear the matter. However, the Supreme Court disagreed and held that MRDC's appeal was nothing more than an attempt to interfere with the police's criminal investigative process. The court found that MRDC had no authority to conducted its own investigation into the activities of the Melanesian Trustee Services Limited (MTSL), the fund manager of PBF, and that its actions were in violation of the Trust Deed
Read more

PNG, VERY RICH YET STILL A VERY VERY POOR COUNTRY

Image
by GARY MONDULAME Papua New Guinea (PNG), a nation blessed with abundant natural resources, continues to grapple with economic challenges that belie its potential wealth. The nation's economic narrative is a paradox—rich in resources yet burdened by poverty. The explanation for this paradox lies not only in economic mismanagement but also in deep-seated corruption that has permeated the political landscape since independence in 1975. Following its independence from Australia, PNG was entrusted to leaders who lacked a vision for a holistic national development. This absence of foresight is evident from the lack of long-term development plans that could have distributed the country’s wealth fairly across all regions and communities. Successive governments failed to establish foundational strategies such as building satellite townships or creating robust rural housing schemes. Instead, they resorted to short-term, reactive measures that did not foster sustainable growth. The nascent l
Read more

James Marape's Missteps Openly Exposed at Australian Forum

Image
by  MICHAEL J. PASSINGAN  In a recent event that highlighted the complexities of international diplomacy and governance, Papua New Guinea's Prime Minister, James Marape, faced a challenging situation during his appearance at the Lowy Institute in Sydney, Australia. The Lowy Institute, known for its role as an independent think tank focusing on international policy, particularly in the Asia-Pacific region, provided a platform for a candid assessment of Marape's governance. Following his formal address, Marape engaged in a dialogue with Dr. Michael Fullilove AM, the Executive Director of the Institute. Dr. Fullilove, a respected figure in public and international policy, scrutinized Marape's past promises and statements, contrasting them with the current state of affairs in Papua New Guinea (PNG). The discussion took a critical turn as Dr. Fullilove revisited Marape's 2019 speech at the same venue, where Marape had outlined his vision for PNG in a speech titled “A New Boo
Read more

BLIND LEADING THE BLIND, WHY THE PNG ECONOMY STILL SUCKS

Image
Elizabeth Genia, Acting Governor Bank of PNG (BPNG) by MICHAEL JOSEPH PASSINGAN The economy of Papua New Guinea (PNG) is at a crucial juncture. Despite some signs of recovery, the country faces several structural challenges that continue to impede its economic progress. The March 2024 Monetary Policy Statement from the Bank of Papua New Guinea sheds light on these issues, providing a comprehensive overview of the economic landscape and the policy responses being implemented to navigate through these turbulent times. In 2023, PNG's economy grew by a modest 1.4%, a significant slowdown from the 5.2% growth witnessed in 2022. This tepid growth is largely attributed to delays in major projects and ongoing economic issues that have not been fully resolved. The anticipated growth for 2024 is around 3.0%, buoyed by the resumption of production at the Porgera gold mine. While this marks an improvement, it remains subdued compared to the potential of this resource-rich nation. One of the mo
Read more

A Call for Local Ownership and Fairness

Image
by JUSTIN PARKER In recent discussions surrounding the establishment of a gold refinery in Papua New Guinea (PNG), concerns have been raised regarding various aspects of the proposed project. Spearheaded by foreign investors, the initiative has sparked debates over ownership, exclusivity, tax concessions, underwriting, management rights, control over currency, legal protections, and historical failures. These concerns, if unaddressed, could potentially undermine the interests of PNG and its people, particularly the hardworking alluvial miners who form the backbone of the nation's mining sector. At the heart of the issue lies the question of ownership. The proposed ownership structure, favoring foreign investors with a substantial 70% stake, raises eyebrows, especially considering PNG's past experiences with failed ventures like seabed mining. Instead of ceding majority control to foreign entities, many argue that PNG should assert full ownership over the refinery. With the coun
Read more