Tuesday, August 6, 2019

KPHL must explain to PAC on PNGLNG Revenue

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By Suave G. Seeto - Posted on Facebook

The state owned Kumul Petroleum Holdings Limited (KPHL) has been directed to give it's report to the PAC by the Deputy Prime Minister at the instruction of the Prime Minister who is the Trustees shareholder on behalf of the people. So KPHL Management should not try to further mislead our people on this issue. KPHL must comply with PAC request to furnish reports on the PNGLNG Revenue from the 500 LNG shipments since 2014.

KHPL is subject to scrutiny by the parliament through the PAC. As part of the Marape/Steven Goverments TAKE-BACK PNG policy; Sir John Pundari and Garry Juffa have been tasked to take back KPHL and other SoEs that Peter O'Neill used to milk like ATM machines to fund his political meanuvoring to stay in power.

Those times of milking the Cow (KPHL) is over, now is time to take back that Cow and nourish it to good health. That job has been given to a very senior Statesman and recently knighted parliamentarian of 25years experience, Sir John Pundari. When a veteran like Sir John is charged by PM Marape to do the job, one must know that the job will be done and no threats, intimidations, favor or bag of money will stop the Knight. When you have a equally capable and vocal politician like the firebrand governor of Oro Province Hon. Garry Juffa as his Deputy Chairman, you can expect these thieves and cockroaches to be exposed.

If we expected Take Back PNG to be on a grand scale with the arrest of Peter O'niel than we will not recognize that PM Marape has in fact started taking back PNG by appointing a very senior politician such as Sir John to be in charge of PAC.

It is hypocritical for us to demand PM Marape to Take Back PNG whilst failing to realize he is doing it; one instance is the appointment of Sir John Pundari as Chairman of PAC and tasking him to scrutinize KPHL, people's Cash Cow which has been abused. Yet when PAC trys to do its job we are too quick to defend KPHL and the legacy of Peter Oniel by supporting the corrupt Management and Board of KPHL chaired by a known croock (Andrew Baing) who was dismissed from office after he deposited public funds into his personal bank account.

It seems PNG has never learned; last time we made a known croock (Peter O'Neill-NPF) Prime Minister, he ran this country down. From the K71 Million Paraka Saga to K3Billion UBS Loan to Papua LNG and other corrupt practices.

Public must demand KPHL to comply with the PAC request and commend Sir John Pundari, Hon. Garry Juffa and the Members of the Public Accounts committee for its decision to hold KPHL Mangaement to account for the proceeds from the 500 Shipment from the PNGLNG Project.

TAKE BACK KPHL, TAKE BACK PNG

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