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Commentary by Bonny Kaiyo Fast rewind. Finance Minister James Marape vs Lawyer John Napu. The current Prime Minister is saying something else on UBS Loan deal now?[7 years earlier Marape had different tone on UBS loan] Read on: Marape: Napu is misleading people (The National, Friday 6th June 2014) ''FINANCE Minister James Marape said he was shocked to read suggestions made by lawyer John Napu against the K3 billion UBS loan. Napu said Prime Minister Peter O’Neill, Treasurer Patrick Pruaitch and Acting Treasury Secretary Dairi Vele could be in breach of the Leadership Code by defying instructions of the Ombudsman Commission not to allow loan repayments to go ahead. Napu, who represented sacked Treasurer Don Polye in a dismissed USB loan case against the Government, said the best option for the three men and Papua New Guinea was to cancel the loan. Marape yesterday rubbished the suggestions. “I am shocked by the comments made by John Napu,” Marape said. “He does not know what he is talking about when it comes to this deal with the Oil Search share. “More importantly it is not a new loan, it has never been a new loan. It is simply replacing another loan. “He should get it into his head that this loan is replacing the IPIC loan, which we had for over many years to finance our participation in the LNG project “We have not made any mistake or any error in our investment, it is only idiotic that people like John Napu who lacks commercial experience and knowledge and continue misleading our people on what the real benefits of these projects include.” – one of our most important projects to the country and delivering huge benefits to the people of PNG and Government. https://www.thenational.com.pg/marape-napu-is-misleading.../ 2021. UBS Loan COI. 7 years later.
Lawyer John Napu looks at the black cat.Or, its variant. Someone is misleading the people on the story that must be told as it is. And, no addition, and subtraction. Marape had nothing to do with the NEC decision on UBS Loan deal? The data coming out will not lie. Ialibu/Pangia MP Peter O'Neill told the UBS Loan COI that NEC decision was a collective responsibility. And, NEC decision on that occasion was vehemently defended by Finance Minister then James Marape. He had to endorse the content of the USB Loan deal and its implications on public policy success, or failure. Marape was Finance Minister. It was his job to do so. In 2014, the UBS Loan deal was a public policy success. He defended it again two years later in 2016, when the VONC Notice of Motion was debated in Parliament. In 2021, Marape is Prime Minister. And, he denounced the UBS Loan deal as a public policy failure. Did he do both? Lawyer John Napu has the last laugh. Next : ATM Security Guards Colluding With Petty Thieves Trying To Rob Customers At Lae Market ATM Comments are closed.
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