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Showing posts with the label Prime Minister

THE NPF SCANDAL AND OTHER HIDDEN STORES ABOUT KASIGA KELLY NARU ARE NOW EMERGING

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by MICHAEL PASSINGAN The wonderful thing about the social media is that at least some people involved in it try to dig deeper to uncover hidden truths.   Many were shocked when Mr Do Gooder, Kelly Naru, doing something kind of bad, like strongly endorsing the most corrupt PM in PNG's history during the recent Vote of No Confidence.  If you ask educated people living in or around Lae what they think of Naru, you hear several issues of concern: -he follows a strategy of putting his face in public places next to a face of Jesus Christ.  He puts these 2 images onto billboards, Kelly Naru with Jesus Christ in the background or above Naru's face. -before he was elected, for several years he was conspicuous in Morobe Province, giving money to this, that, and the other persons or groups.  Almost always  there happened to be a camera ready to record the event, so that both a photo and a happy story about Naru's gift giving would be published in one of the newspapers. 

CALCULATING DAILY COSTS OF PROTECTING PETER O’NEILL FROM ARREST

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by MICHAEL J PASSINGAN SECURITY DETAIL The Security of the Prime Minister of any country should be concern for the citizens of that country and PNG should not be an exception. Prime Ministers do have a security detail. To my knowledge, prior to August 2011, all the Prime Ministers that PNG had had their security detail. At the most, there would be 5 members of the National Security Unit (NSU) of the Police who would provide security to the Prime Minister. At other times (usually), around two or three officers who would be accompanying the Prime Minister. Since the issuance of the arrest warrant against Peter O’Neill, his personal security detail had been boosted to five (5) unmarked Toyota land cruisers on average for the last two years. I am reliably told by one of those persons that this around-the-clock protection to Prime Minister O’Neill is offered, not only by the members of the NSU, but other police officers and PNG Defence members. For the last four seeks since the d

Poor Employability As A PNG University Graduate Is Peter O’Neill’s Legacy: PNG University World Rankings Remain As Bad As Ever

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by Retired Educator, UPNG It is an open secret that the current government has been destructive of the PNG education system from top to bottom.      New planned institutions are using money that should be used to prevent the collapse of existing institutions.    PNG university graduates are suffering because government not only doesn’t seem to care about them, but is undermining their future without the students realizing it.   This article provides facts to back up these statements.   Community and High School Education Today in PNG The Free Education policy of Prime Minister O’Neill has been excellent in providing contracts to his friends and allies to build overpriced classrooms and make other, often noncritical school infrastructural improvements.   However, you will not find one library in the country that has received any significant funding to purchase books under the O’Neill government.   Today classrooms around the country are stuffed with students, but never

IMF OUTLOOK CONFIRM PNG GROWTH RATE IS 3.1% NOT 9.2% AS BOASTED BY O'LIAR

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by MICHAEL.J PASSINGAN Last month Prime Minister Peter O’Neill publicly stated that the nation’s annual GDP growth rate is 9.2 percent. He said Papua New Guinea’s growth rate is the envy of many world economies – “9.2% is miles better  than the global average, which is about 3 percent or less”. That was untrue when he said it, and the Prime Minister knew it to be untrue. The growth rate for the year, according to the 2016 Budget, was 4.2 percent. But in fact PNG’s GDP growth rate at the time Mr O’Neill lied to the people was less than 4.2 percent. Confirmation of that comes with the release yesterday of the IMF’s World Economic Outlook. That authoritative document estimates PNG’s annual growth rate this year is 3.1%. This is very bad news for Papua New Guineans. It puts PNG’s GDP growth amongst the lowest in the world. But the accompanying graph shows that the situation is even worse than that. Under the corrupt, reckless and wasteful PNC Regime of Peter O’Neill, national

PM SHOULD HAND HIMSELF IN

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NO MORE EXCUSES FOR THE PRIME MINISTER On Tuesday April 5, 2016, Prime Minister Peter O’Neill said: “We all know who are the real financial beneficiaries of the Paraka transactions. “I look forward to the facts seeing the light of day on this issue.” He now has a duty to go to the police and submit to an interview on Parakagate to provide them with these facts. His failure to do opens the way for him to be charged with further very serious criminal offences (see below). It insults the Office of the Prime Minister and the people of Papua New Guinea. NO MORE LIES. NO MORE DELAYS. Opposition Leader Don Polye voluntarily went to the police to tell them what he knows about Parakagate. He has done his duty as a law-abiding citizen. Every other law-abiding citizen in the country would do the same. So should the Prime Minister. WHAT’S SO SPECIAL ABOUT THE PRIME MINISTER? There is nothing special about the Prime Minister. He has no more rights than any other citizen. He should behave like any

PNG LIKELY TO BE DECLARED BANKRUPT IN JUNE 2016

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PNGBLOGS EXCLUSIVE PNG IS GONE AS A SOVEREIGN NATION IN JUNE IF NOTHING IS DONE TO REVERSE THE LOAN TAKEN BY O'NEILL GOVERNMENT TO BUY OSL SHARES. If the PNG Government does not find USD 1.5 Billion by 13th June, 2016, UBS will ask the government to Appoint a Receiver Manager for the Oil Search shares, the Receiver Manager will manager the Escrow account in Singapore. by June UBS will declare PNG bankrupt. This frightening revelation was revealed to PNGBLOGS by Government Insider working with the Department of Prime Minister and NEC who has sighted the original deed. The Principal Maturity date for the UBS loan was 13th March 2016.The Papua New Guinea Government has now K3.2 billion to pay UBS. We are in the grace period but that ends on the 13th June, 2016. Peter O'Neil signed with JP Morgan for refinancing turnaround time two weeks has lapsed. The World Bank, IMF, ADB and AusAid have already started painting bad picture about Peter O'Neil. He is an economi

PNG LOSES 1.5 BILLION KINA IN ILLEGAL UBS-OSL LOAN REFINANCING

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by MICHAEL JOSEPH PASSINGAN Prime Minister Peter O’Neill has just cost Papua New Guinea almost K1.5 billion because of his reckless, corrupt and unnecessary borrowings. The loss is on the refinancing of his illegal K3 billion UBS-Oil Search loan. The deal was done in secret in Sydney earlier this month to avoid having to reveal the massive loss that the Prime Minister, UBS and Oil Search have inflicted on the nation. Details of the deal were not revealed when Kumul Petroleum MD Wapu Sonk announced it over the weekend.  Mr O’Neill’s secret loss comes at a time when the Government is virtually bankrupt, unable to pay public servants and cutting spending on essential services such as health, education and power generation.  It will add to the record and illegal levels of debt already incurred by the Prime Minister. It will contribute to further worsening of the living standards of ordinary Papua New Guineans. The refinancing of the UBS-Oil Search loan is even worse tha

Some criticisms of the Australian Banking System, and Government

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by MICHAEL J PASSINGAN Recent attempts to transfer money from Papua New Guinea to Australia highlight growing concerns about money-laundering between the two countries. The Prime Minister, Peter O’Neill, transferred K200 million to Australia late last year, and shortly afterwards one of his special lady friends, Ni Cragnolini, transferred K50 million. Some years before more than K100 million of public funds was washed through the Commonwealth Bank in Lismore, NSW, in a self-evidently illegal transaction. The Australian authorities refused to take action on this transfer when requested to do so by PNG. Indeed, the then Australian Treasurer, Wayne Swan, did not even bother to reply to requests for action. It is not known whether AUSTRAC, Australia’s money-laundering watchdog, stopped the latest transfers, or whether it even knew about them. It is not known whether the PNG and Australian banks involved reported the transactions as possibly suspicious. The chances are t