PNGBLOGS

By SAM BASIL MP Congratulations to the Prime Minister of Papua New Guinea, Peter O’Neill, for spending the people’s money to cover his government’s corrupt practices, in relation to the Oil Search share purchase that he solely authorised, for his benefit and the benefit of Oil Search and NOT the people of Papua New Guinea (PNG). The Opposition has clearly been providing evidence of the corrupt practices of this Prime Minister over the last 6-12 months. The Opposition, as the alternative Government, has been working on the fact and the detail of what this Prime Minister is presenting, and demonstrating for the people, what is actually occurring rather than the lies directed upon us by O’Neill. I think the average Papua New Guinean citizen know why Polye and Duma were sacked, in light of the pushing through of the UBS loan without any legislative checks and balances; thus, I urge them to join the Opposition ranks and by not doing so implies that O’Neill has got them in

By SAM BASIL MP Congratulations to the Prime Minister of Papua New Guinea, Peter O’Neill, for spending the people’s money to cover his government’s corrupt practices, in relation to the Oil Search share purchase that he solely authorised, for his benefit and the benefit of Oil Search and NOT the people of Papua New Guinea (PNG). The Opposition has clearly been providing evidence of the corrupt practices of this Prime Minister over the last 6-12 months. The Opposition, as the alternative Government, has been working on the fact and the detail of what this Prime Minister is presenting, and demonstrating for the people, what is actually occurring rather than the lies directed upon us by O’Neill. I think the average Papua New Guinean citizen know why Polye and Duma were sacked, in light of the pushing through of the UBS loan without any legislative checks and balances; thus, I urge them to join the Opposition ranks and by not doing so implies that O’Neill has got them

By NEC Insider The reason we have intolerable corruption in PNG is that hardly any of our high level white collar thieves get caught, much less prosecuted, much less convicted, much less punished. The classic example is the 1999 National Providence Fund scandal. Peter O'Neill, along with his K2.8 million theft friend Jimmy Maladina, and co-conspirator Herman Leahy, were identified in the NPF government inquiry as breaking the law.  Their corruption was bad enough that it couldn't be ignored. There HAD to be a prosecution, made all the more possible by the fact that fairly honest Mekere Morauta was PM at the time. Yet O'Neill, Maladina and Leahy still managed to squirm out of their court cases, even though the evidence for their conviction was as clear as day and posted for years on the internet for all to see. Not only did they get off the hook, they got to keep their stolen money too! Maybe letting them keep what they stole was considered proper comp

By NEC Insider The reason we have intolerable corruption in PNG is that hardly any of our high level white collar thieves get caught, much less prosecuted, much less convicted, much less punished. The classic example is the 1999 National Providence Fund scandal. Peter O'Neill, along with his K2.8 million theft friend Jimmy Maladina, and co-conspirator Herman Leahy, were identified in the NPF government inquiry as breaking the law.  Their corruption was bad enough that it couldn't be ignored. There HAD to be a prosecution, made all the more possible by the fact that fairly honest Mekere Morauta was PM at the time. Yet O'Neill, Maladina and Leahy still managed to squirm out of their court cases, even though the evidence for their conviction was as clear as day and posted for years on the internet for all to see. Not only did they get off the hook, they got to keep their stolen money too! Maybe letting them keep what they stole was considered proper co

By:REGINALD HAUREVA- Kokoda On Wednesday 19th March 2014 the Prime Minister Peter O’Neill took out a full page advertisement in the Post Courier stating that his unilateral decision to borrow AUD$1.2 Billion from UBS Bank to purchase 10. 1% shares in the public company Oil Search Limited (“OSL”) was the... “Best decision for Papua New Guinea”. He sought to explain the circumstances surrounding the availability of finance (intended for the IPIC share buyback) leading to the decision to buy more OSL shares. The Prime Minister also made the following points in the Press Release: 1. There is presently a dispute with IPIC (the Dubai Lenders for the previous loan secured by Arthur Somare to finance State’s equity in the PNG LNG project) that could potentially cost the State upward of USD70 Million, relating to the buy-back valuation differential on the underlying value of OSL and its current trading share price. 2.   He is aware that “our people want their government to hold shares in O