02122021 NEWS AND SPORT

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‘SELL NYGARD CAY TO PAY HIS DEBTS’

Courts ask to bring in receivers to recover moneys tycoon owes By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net ENVIRONMENTAL activists are urging the Supreme Court to permit a receiver to seize possession of Nygard Cay, which was last valued at $14m, and sell it to satisfy its owner’s Bahamian legal debts. Save the Bays, in court documents, is seeking court orders “for delivery-up of vacant possession” and the property’s subsequent sale to settle $412,000 in legal costs and certificates of taxation awarded in its favour and against Peter Nygard. The unpaid debts stem from successful Judicial

By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net DUE to the low number of COVID-19 cases on Grand Bahama, Prime Minister Dr Hubert Minnis has revealed that by this weekend residents can start to see a relaxation of the curfew.

SECURITY GUARD SHOT IN ROBBERY

DAVIS AIMS TO MOVE QUICKLY ON OVERSIGHT

FULL STORY - SEE BUSINESS

He indicated that Grand Bahama’s curfew may be pushed ahead one hour to 11pm. “GB could come out of COVID problems as we are seeing now,” Dr Minnis told reporters in Grand Bahama yesterday. “GB has been doing SEE PAGE TWO

SEE PAGE EIGHT

A SECURITY guard was shot during an attempted armed robbery at a money transfer company yesterday. Police said shortly after 3pm, officers were called to the scene of an attempted armed robbery, which occurred at Cash and Go on Rosetta Street. On their arrival, investigations revealed that a lone gunman entered the building and accosted two security officers. A struggle followed and as a result one of the guards was shot in the right hand. SEE PAGE TWO

Review challenges to Nygard Cay’s “illegal expansion”, which the Canadian fashion designer undertook over several decades in doubling his property’s size despite not possessing the necessary approvals and permits from the Government. Fred Smith QC, Save the Bays’ legal director, said the environmental group had been forced into litigation yet again after Mr Nygard - who is still languishing in a Canadian jail as he fights extradition to the US on sex trafficking and other abuserelated charges - failed to respond to their “civil” requests for payment.

PM POINTS TO EASING RESTRICTIONS ON GB

IT’S LOVE AND LAUGHS FOR VALENTINE’S DAY

By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net

FANTASTIC

DURANDA Minus has turned her love of travel and Africa into a passion for fashion, creating hand fans that serve as vibrant accessories. See Weekend section for the full story.

FUSION CUT OFF OVER $500K ARREARS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Fusion Superplex was yesterday locked in urgent negotiations with Bahamas Power & Light (BPL) after its electricity was cut-off over a $506,000 debt despite fully complying with a payment plan. Carlos Foulkes, the cinema and entertainment complex’s chief executive, told Tribune Business it had pulled off the

FUSION SUPERPLEX “remarkable achievement” of staying current with its electricity bills for the past five months despite revenues being reduced to the bare

minimum by the COVID19 enforced closure of most outlets. He argued, though, it was now “untenable” for BPL to demand it cover more than half a million dollars in prior arrears given that the utility’s 100 percent owner, the government, was responsible for its inability to pay by refusing to allow it to re-open more than 11 months since the first pandemic-related lockdown. FULL STORY - SEE BUSINESS

Nassau & Bahama Islands’ Leading Newspaper

OFFICIAL opposition leader Philip “Brave” Davis says there are “a lot of issues” surrounding how public funds have been spent during the Minnis administration’s term in office that need a closer look. Mr Davis, who is the Public Accounts Committee’s chairman, said he had been waiting for House Speaker Halson Moultrie to rule in a manner that favoured the group. SEE PAGE FIVE

TELL ME WHY THIS IS ALLOWED TO HAPPEN

SEE PAGE NINE


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