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Jagdeo acquired more wealth in office than any other Guyanese President – AFC Chairman

“What is wrong with a former president or a president seeking to ensure that he lives a comfortable life after his presidency? Especially because we have term limits, knowing full well that you are going to demit office, you must ensure that you look for your future. We must not go from a president to rags,” – Labour Minister Nanda Gopaul.

Bharrat Jagdeo, while in office, acquired more wealth than any other president of independent Guyana.
This is according to Alliance for Change (AFC) Chairman attorney at law Nigel Hughes.
Hughes made the observation while single-handedly taking on two cabinet ministers – Attorney General and Minister of Legal Affairs Anil Nandlall and Labour Minister Nanda Gopaul – a PPP sympathizer and the Chief Labour Officer, during the latest edition of the National Communication Network-organized public debates on corruption.

The other main opposition A Partnership for National Unity (APNU) has opted out of the debates.
Amidst a string of rebuttals from his opponents, Hughes went on to point out that “no other head of state in this country through independence to now…while they were president, made a business of the presidency to acquire the assets that the State owned; not assets they went out on the open market and bought; assets that the State owned, and they then converted and bought below market prices.”
Hughes was mainly referring to the house that the former Guyanese leader now owns at Sparendaam East Coast Demerara (Pradoville 2), which he described as a “Palace”.

According to Hughes, Jagdeo managed to purchase prime ocean front land for $5M per acre, an amount way below the market value of such property.
“This is State land acquired by the government of the day and distributed to the President and the President’s friends below market prices, next to Courida Park, some of the most expensive real estate. I’m still waiting to find out where I can get one acre of ocean front property, prime real estate for $5M per acre,” Hughes said.

He challenged his opponents to identify whether Dr. Jagan or even President Burnham ever carried out such practices.
His assertions were strongly refuted by Labour Minister Nanda Gopaul and Attorney General Anil Nandlall, who made it clear that Jagdeo received what every other Guyanese received under the government’s housing programme.
Nandlall explained that like every other Guyanese, Jagdeo was allocated a house lot for $58,000, which in the particular case was located in Goedverwagting, or what is popularly called Pradoville, on the East Coast of Demerara.

“It is most unfair to say that the president took the nation’s assets and enriched himself,” he said.
It was emphasised that at the time of the acquisition, Jagdeo was Minister of Finance and not the President.
“The difference between Mr. Jagdeo and every other President in this country is that he took power in his thirties. He didn’t own anything, he came back from studies, he worked and he acquired as he was working. He was the only President that is distinguished in that respect,” the Attorney General stated.
According to Labour Minister Gopaul, the Ministry of Housing is an authority in Guyana to develop housing schemes and sell house lots, and all the prices are consistent with State value.

Nandlall explained that with a tax free salary of close to $1M per month, along with other benefits as President, Jagdeo could afford to construct a house, which he could have eventually resold for US$600,000 (G$120M).
The Attorney General defended the price that Jagdeo managed to get for the property since he, Nandlall, had personally negotiated the deal as the duly constituted attorney for the former President.