Click to view full size
The National Gas Company (NGC) continues to be in the spotlight after pulling sponsorship from three steel bands, a move that has raised eyebrows in the cultural sector. The company, however, remains silent not only on its sponsorship decisions but also on how it failed to properly acquire the Banyan Archives.
On August 24, Guardian Media sent NGC a series of questions regarding the archive, none of which have been answered: Why did NGC publicly announce in 2022 that it would acquire the Banyan Archives on behalf of Trinidad and Tobago but fail to follow through? Who within NGC was responsible for ensuring the acquisition was completed? Was there a formal agreement, contract, or board approval for the acquisition? If so, why was it not executed? Were any senior executives involved in delaying or obstructing the deal? Was the US$250,000 price for the full archive evaluated or approved by NGC?
Now, a source with direct knowledge of the negotiations has come forward to explain what happened. The source, who held a senior role at NGC at the time, said the company had board approval to purchase the archives over two years ago.
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
Related stories
See articles related to "Legal hurdles to blame for NGC’s failure to buy Banyan Archives, source claims"