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Sound and fury at the JSC

Wednesday, November 22, 2017

I listened in awe at the proceedings at the JSC in the vexed matter of EFCL. Apparently, this is the third sitting of that august body on the said company.

In attendance were the Permanent Secretary in the Ministry of Finance and the Chairman and the CEO of EFCL. Conspicuously absent was any representative from the Ministry of Education, the body most complicit in the present fiasco that is EFCL. And while the Chairman pounded on the former EFCL Board for interfering in the day-to-day operations of the company, nary a dissenting word was heard about the more heavy-handed and obstructionist interference by the Ministry of Education in this and the previous administration.

The strategic plan that EFCL has embarked upon is akin to rearranging the deckchairs on the Titanic, however, it is the MOE that needs the strategic plan.

An organisation that has dozens of legal judgments against it and many more actions and arbitrations in the works is most likely insolvent, and if I were a director, I would be donning a lifejacket and sitting in a lifeboat, preparing to abandon ship.

As I listened in wonderment, this quotation from Shakespeare springs to mind, in the words of Macbeth,“It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.”

S Noel
Sangre Grande


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