01242019 NEWS

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VOLUME:116 No.21, JANUARY 24TH, 2019

OFFICIA

CLASSIFIED TRADER: CARS, CARS, CARS & MORE CARS

INSIDE

‘We’re coming for our money’

$100m student loan debt forces hiring of collection agency By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Education Loan Authority’s (ELA) delinquency recovery rate needs to increase seven-fold, a Cabinet minister admitted yesterday, with Bahamian taxpayers “on the hook for $100m”. Jeffrey Lloyd, minister of education, told Tribune Business that the authority’s board was about to hire a private collection agency “with the teeth” to pursue deadbeat borrowers after its staff found themselves “overwhelmed” by

the sheer magnitude of the task. With legal action as the ultimate recourse, Mr Lloyd said the delinquency recovery rate needed to increase from the present $60,000-80,000 per month to $400,000-$500,000, or from $1m per year to $6-$7m, if the authority is to “put a serious dent” in what it is owed. Warning that his and the authority’s “patience has simply run out”, the minister slammed the “stubborn and recalcitrant” defaulters who refused to enter into settlement discussions.

By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

CENTREVILLE MP Reece Chipman resigned from the Public Accounts Committee yesterday out of frustration with the immobility of the traditionally powerful parliamentary sub-committee. The PAC, which examines public

finances, has done little of consequence this term. The Minnis administration has refused its requests for information, having interpreted a 2015 ruling from former House Speaker Dr Kendal Major as barring the committee from reviewing anything not brought to the House SEE PAGE SIX

BACON RANCH

BURNING CONTAINER SHIP HEADS TO FREEPORT By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net A MEGA freighter burning off Canada’s east coast since January 3 is now seeking refuge in Grand Bahama, The Tribune understands. The MV Yantian Express, a 320-metre container vessel being operated by the German shipping company Hapag-Lloyd, was originally destined for Halifax, Canada, but due to unfavourable weather, has now been rerouted to the Freeport Container Port. The Express was en route to Halifax from Colombo, Sri Lanka via the Suez Canal when a massive blaze erupted aboard the ship.

OVERTIME WILL BE PAID - BUT BUDGET NOW BLOWN By AVA TURNQUEST Tribune Chief Reporter aturnquest@tribunemedia.net

SIMPLY SUITS

DESIGNER Gustavus Cox contributes to the power suit evolution with a new venture, tailoring bespoke suits for women in The Bahamas. Read the full story in Weekend in The Tribune tomorrow. Photo courtesy of Gustavus Augusta

HEALTH Minister Dr Duane Sands yesterday said the Public Hospital Authority’s $1.2m monthly overtime bill could not continue “unchecked” as he defended the forecasted slowdown in overtime payments for healthcare workers. Dr Sands stressed all commitments to overtime pay would be honoured; however, he suggested the timely release of those payments would depend on central government. An internal PHA memo, which was leaked, advised that overtime assigned and incurred from February onward will be paid “subject to the availability of funding”. SEE PAGE FIVE

UK WIFE BEATER ‘HIDING’ IN BAHAMAS By MORGAN ADDERLEY Tribune Staff Reporter madderley@tribunemedia.net

A BRITISH man who has fled his prison sentence in the United Kingdom may be hiding out in The Bahamas, according to international reports. British police are searching for Shane Murphy of Cambridge, who has been recalled to prison. In May 2017, he was sentenced to four years and four months

WANTED: Shane Murphy for a number of domestic violence offences relating to his wife Zoe. The claims

include that Mr Murphy broke his wife’s leg while she was pregnant, locked her in rooms with no electricity, and threw objects at her, according to Cambridgeshire Live. “It is believed businessman Shane Murphy has swapped his prison cell in Peterborough jail for the beaches of the Caribbean island after being released on licence - and failing to return,” Cambridgeshire

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FULL STORY - SEE BUSINESS

FED UP CHIPMAN LOSES PATIENCE

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Nassau & Bahama Islands’ Leading Newspaper

SEE PAGE TWO

DIANE PHILLIPS PUTTING OUT A FESTIVAL FYRE STORM

SEE PAGE EIGHT


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