NIS earns millions after selling properties purchased from Government

The National Insurance Scheme (NIS) has earned EC$7.8 million after selling 4 of the 8 properties it purchased from Government 11 years ago.9 months after advertising 8 properties for sale, the NIS has sold 4 because in a new property for sales notice posted on 19 December, only 4 of the said properties are listed.“The properties not listed were either sold or are in the process of being sold,” said Dorset Cromwell, NIS Director, after a letter of inquiry was submitted to the scheme. He also said that the Government of Grenada has not purchased any of the listed properties and the NIS is “not at liberty to disclose the names of the new owners.”

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