Business
Claude Skelton-Cline’s contracts were “not value-added”: AG Report
By Cathy Richards, JTV News Editor
(JTV News) — The Auditor General’s Report has disclosed that the contracts awarded and the over $16,000 paid monthly to Claude Skelton-Cline was not a value-added move but rather employment for the contractor.
The Auditor General’s Report on the contracts given to Skelton-Cline was laid on the table in the House of Assembly and has been seen by JTV News.
According to the Report, the contractual arrangement was initiated by Skelton Cline’s submission of a proposal to provide services and no efforts were expended to ascertain his qualifications to perform the proposed services or to obtain alternative submissions via a competitive process.
The report explains that on March 8, 2019, Skelton-Cline emailed a two-page proposal to the Premier’s Office offering his services as Chief Strategic Advisor “to assist the office of the Premier throughout the strategic planning and execution of key initiatives”.
The proposal outlined three specific areas of focus, as stated in the report, Climate Change, 1000 Jobs in 1000 Days, and Youth Empowerment. The proposal also presented a list of duties and responsibilities for the Chief Strategic Advisor.
The document included a proposed contractual period of four years at $196,000 per annum ($16,330.00 monthly) — a remuneration that would place the consultant’s pay above that of Cabinet Ministers and the Premier.
The report tells us that both the proposal and the draft agreement submitted by Skelton-Cline placed the consultant in an “advisory” role with no obligation or commitment to produce results and no requirement to demonstrate improvements or added value to the Public Service.
Two and a half weeks after submitting the proposals, Skelton-Cline was engaged by the Premier’s Office as a “strategic advisor” via petty contract and stipulated a term of six months from March 25, 2019 and remuneration of $16,330.00 per month with five-percent end-of-contract gratuity.
The Auditor General’s office concludes:
158. Review of the documents, information and contracts suggests that the primary purpose of this consultancy was not to add value to the Government but rather to provide employment for the Consultant.
159. The records do not show any demonstrated effort by the Consultant to actually satisfy the deliverables stipulated in the contracts. The audit confirmation exercises performed indicate that much of the work reported or claimed by the Consultant was undertaken by persons and programmes independent of the consultancy. In a number of cases his association with the programmes was either fleeting or non-existent. The information in the Consultant’s periodic reports was largely duplicated without demonstrating any advancement or effort to achieve progress. As a result, very little was gained from this arrangement and the Government failed to receive value for money on these contracts.
160. After a period of two and a half years, none of the initiatives stipulated in the three contracts have been delivered. Similarly, none of the ad-hoc “non-contractual” assignments have been realized. This is with the exception with the COVID-19 related initiatives that were self-determining. Substantial reports and information were received only where the Consultant was assigned as a part of a committee or working group. These documents were usually prepared by other members of those bodies as was the case with the supporting documents for the Seafarers programme and the report issued by the Economic Advisory Council.
161. The failure of the Premier’s Office to adhere to the procurement regulations for competitive submissions resulted in substantial costs incurred on this (and other similar no bid consultancy contracts). It also created a disservice to other citizens who might be more properly qualified and more able to deliver the specific initiatives contained in the contracts.
162. The Government would have been better served by establishing different thinktanks or other mechanisms to address the areas identified under the three contracts. This would have availed the process to expert input and presented actionable results.
163. The decreasing contractual remuneration in each successive engagement suggests that the administration was aware that value was not being achieved from this arrangement.
On Wednesday, Skelton-Cline commented: “I feel no compulsion to defend myself. My documentation and record speak for that. Anything else Jehovah will be my defense.”
Business
BVI Financial Investigation Agency and Jersey Financial Services Commission Sign Agreement to Strengthen Cooperation in Tackling Financial Crimes
The Financial Investigation Agency (FIA) of the British Virgin Islands (BVI) has recently strengthened ties with the Jersey Financial Services Commission (JFSC) through a Memorandum of Understanding (MoU) signed on 25 October. The agreement formalises a cooperative framework for consultation and information-sharing between the two regulatory bodies, enhancing their oversight in financial regulation.
The MoU signals a shared commitment by the BVI and Jersey to uphold rigorous financial standards and combat financial crimes. By sharing essential intelligence, the FIA and JFSC aim to bolster efforts to detect, prevent, and investigate crimes such as money laundering, terrorist financing, and proliferation financing.
Errol George, Director of the FIA BVI, expressed the importance of the partnership, stating, “The signing of this MoU establishes a framework for information exchange between the FIA BVI and JFSC, supporting compliance with the laws, regulations, and rules relating to the functions of our Authorities. I am indeed pleased with the progress we are making in the Territory to tackle financial crime.”
Through this agreement, both agencies will, upon request, provide critical information that strengthens regulatory practices across the Designated Non-Financial Businesses and Professions (DNFBP) sector. Shared data will include details on corporate structures, management standards, and organisational quality, all essential for effective supervision.
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Business
Virgin Islands Secures $100 Million Loan to Drive Infrastructure and Community Development
Business
FirstBank Customers Accounts Show Zero or Negative Balances Electronically
– Persons Accessing Cash In Bank
This morning account holders at 1FirstBank awoke to discover that their online account balances had disappeared. A widespread issue, affecting both personal and business accounts, has left customers unable to access their funds, with many reporting negative or zero balances on the bank’s digital platform.
The issue was discovered early Tuesday morning when users attempting to log in to their accounts were met with unsettling balances, with some even seeing their accounts marked as overdrawn despite no recent transactions. Several customers described seeing a balance of zero on their account’s home screen despite previously having substantial savings.
“I thought it was just me, but when I called a friend who banks with FirstBank, they had the same problem,” said the account holder. “It’s incredibly stressful, especially since there’s been no word from the bank yet.”
The problem, which seems to have affected customers across the territory, has prompted many to visit local branches in person. Several individuals reported being able to access their accounts once they arrived at the bank. However, the disruption has rendered ATM services and card transactions nonfunctional, leaving customers unable to withdraw cash or make payments.
JTV News reached out to 1FirstBank, where a representative confirmed that the electronic banking system is currently down and the matter is being addressed at the international level. Customers were advised that, for the time being, they would need to visit a branch to resolve any issues, as card swipes and ATM withdrawals were temporarily disabled.
While FirstBank has yet to release an official statement on the cause of the outage, customers are growing increasingly concerned about the safety of their funds. The nature of the problem—whether it is a technical glitch or something more serious like a security breach—remains unclear.
At this stage, it is unknown when the issue will be resolved or if all accounts will be restored to their proper balances.
The financial uncertainty has left both personal and business account holders on edge, with some businesses reporting disruptions in their daily operations due to the inability to access company funds.
JTV News will continue to monitor the situation closely and provide updates as more information becomes available.
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