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Prime Minister Explains Oban Deal While Still Focused on Grand Bahama’s Economic Growth

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#Bahamas, April 4, 2018 – Nassau – The Government of The Bahamas remains focused on Grand Bahama’s economic growth in spite of the Oban misstep, Prime Minister, Dr. the Hon. Hubert A. Minnis said Tuesday.

Wrapping up the debate on the Mid-Year Budget in the House of Assembly, Prime Minister Minnis acknowledged that “missteps” were made in the Oban Energies LLC Project.  The project was intended to bring growth and jobs to Grand Bahama.  Prime Minister Minnis said measures have been put in place to ensure no future occurrences.

“My Government committed to Grand Bahama, and to The Bahamas, to do all within our power to bring economic development and growth to Grand Bahama as a matter of urgency,” Prime Minister Minnis said.

“This has been our focus at all times. We intend to fulfill this commitment. It is one of the keys to our overall growth as a nation. The Oban Energies LLC Project was intended to bring growth and jobs to Grand Bahama.  In our haste to boost the economy of Grand Bahama, we made a number of missteps in the Oban Energies Project.

“While our heart was in the right place, these missteps should not have happened. We must, we can and we will do better,” Prime Minister Minnis added.

Prime Minister Minnis outlined some of the history behind the proposed Oban Energies LLC Project. The Prime Minister said records show that there were two approvals in principle by the National Economic Council (NEC) for the project, one in 2009 to Mid-Atlantic Project LLC.

By 2016, the name of the company was changed to Oban Energies LLC, and the beneficial owner is the K Family Irrevocable Trust.  Mr. Peter Krieger was the Chairman and Chief Executive Officer. He had no beneficial interest in the K Family Trust.

Prime Minister Minnis said it was this company that was given the second approval in principle by the former Progressive Liberal Party Administration on November 15, 2016, at a National Economic Council Meeting.

“Most Cabinet Ministers were present at that NEC Meeting including members who are now the Opposition in both Houses of Parliament – here and in the Senate. Mr. Peter Krieger was CEO and Satpal Dhunna was President of Oban Energies LLC,” Prime Minister Minnis added.

Prime Minister Minnis said as early as 2009, a draft Heads of Agreement was submitted to BIA (Bahamas Investment Authority) and sent to the Office of the Attorney General for its review.  “This document was not executed,” the Prime Minister added.

Prime Minister Minnis said the second proposed Heads of Agreement was “forwarded to the PLP Government” by the Bahamian attorney for Oban Energies LLC.

“This was sent to the Office of the Attorney General on March 30, 2017, for review,” the Prime Minister continued, “it should be noted that in this Heads of Agreement, Mr. Peter Krieger was to sign on behalf of Oban Energies LLC.

“The PLP never got around to signing this agreement.  Note that the PLP agreed to the development, despite the hypocrisy they are now displaying,” the Prime Minister added.

Prime Minister Minnis said a 2016 video shows Mr. Peter Krieger and then Minister for Grand Bahama, Dr. Michael Darville along with relevant government officials, and Oban Energies’ Bahamian attorney at the time, at the original site for the proposed development.

Prime Minister Minnis said: “Furthermore, one of them visited the site in Grand Bahama, approved the project and was about to sign the Heads of Agreement.”

Prime Minister Minnis said Mr. Satpal Dhunna (President of Oban Energies LLC) arrived in The Bahamas on February 6, (2018) with the expectation to sign the Heads of Agreement on February 7.

“The document was not ready for signature, so he remained in The Bahamas until February 10, at which time he signed the agreement and then left the country to attend other business.  The Heads of Agreement was subsequently signed by the Secretary to the Cabinet,” Prime Minister Minnis said.

The Prime Minister said in recognition of its promise to keep Bahamians informed, the Government arranged for a ceremonial signing of February 19, 2018.

“We accept that we should have clearly indicated on the 19 of February, 2018, that it was a ceremonial signing. It should be noted that it is not unusual for a Heads of Agreement to be signed before a ceremonial signing so as to ensure that there is a firm agreement between the various parties.

“It is unfortunate that at the ceremonial signing, Mr. Peter Krieger wrote the name of Satpal Dhunna whose name was printed under the signature line in the space provided for the signature of Mr. Dhunna.  He should have noted that he was signing on behalf of Mr. Dhunna and signed his name as the authorized representative of the K Family Irrevocable Trust on the ceremonial document.”

Prime Minister Minnis said the Government has decided to make the effective date of the Heads of Agreement, February 19, 2018, to conform with the public ceremonial signing.

“I am advised that effective March 1, 2018, Mr. Krieger has resigned from the company,” Prime Minister Minnis added.

Release: BIS

 

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Caught in the Net, Not Accused of Wrongdoing

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What the Attorney General must do now to protect Bahamian exports

Deandrea Hamilton | Editor

NASSAU, Bahamas — The United States’ decision to impose a 12.5 percent tariff on Bahamian exports is about more than higher costs for seafood, rum and other goods entering the American market. It is a warning that The Bahamas must move quickly to strengthen or clarify its legal framework governing forced labour and supply-chain enforcement.

The tariff, which takes effect July 24, is part of a sweeping U.S. trade action affecting 60 economies following a review by the Office of the U.S. Trade Representative (USTR). The review concluded that the listed countries have not adequately prohibited or enforced measures against goods linked to forced labour in global supply chains.

The action follows a recent U.S. Supreme Court ruling that invalidated an earlier series of Trump-era tariffs imposed under emergency powers. In response, the Trump administration shifted to a different legal authority—Section 301 of the Trade Act of 1974—using findings from a U.S. Trade Representative investigation into forced-labour compliance to support a new round of tariffs affecting 60 economies, including The Bahamas.

Importantly, the action does not accuse Bahamian businesses of using forced labour. Instead, it reflects the U.S. view that The Bahamas’ legal or enforcement framework does not yet meet the standard Washington expects.

That distinction matters.

The Attorney General’s Office now has the responsibility to lead the country’s legal response. That begins with determining precisely what concerns the U.S. Trade Representative identified, reviewing whether Bahamian law adequately addresses those concerns and, where necessary, recommending legislative or regulatory changes. If deficiencies exist, legal amendments and stronger enforcement could help position The Bahamas for removal from the tariff list.

The government may also seek formal discussions with U.S. officials while those reforms are undertaken, outlining a clear timetable for compliance and demonstrating that the country is committed to meeting international labour standards.

A Nassau Guardian front-page report on July 24 drew attention to the tariff action, prompting broader questions about why The Bahamas was included among the 60 economies affected by the U.S. trade measure and what steps are now needed to restore full confidence in the country’s trade framework.

For many Bahamians, the immediate concern will be the fisheries sector, one of the country’s largest export industries. Commercial shipments of lobster, conch, fish, crawfish and other products entering the United States could become more expensive because of the additional tariff, potentially affecting exporters’ competitiveness.

The broader lesson is that international trade increasingly depends not only on quality products, but also on strong business relationships and confidence in the legal systems that govern them.

For The Bahamas, this is less a finding of wrongdoing than a reminder that international credibility is earned through modern laws, effective enforcement and trusted partnerships. The challenge now is for the Attorney General’s Office to lead a swift legal review, identify any deficiencies and chart a clear path toward compliance so Bahamian exporters are not burdened any longer than necessary.

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What 45 Shell Casings and New Murder Charges May Mean for Three Officers in the Azario Major Case  

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By Deandrea Hamilton | Editor

NASSAU, Bahamas (July 16, 2026) — The allegation is as shocking as it is consequential. Prosecutors now contend Azario Major was struck by additional gunfire after he was already dead.  That conclusion has prompted the Director of Public Prosecutions to upgrade the case against three police officers from manslaughter to murder ahead of a judge-only trial.

According to court filings and the DPP’s review of the forensic evidence, prosecutors allege that additional rounds entered Major’s body after death, a finding they say fundamentally changed their assessment of the case and justified the more serious charge of murder.

Investigators recovered 45 spent shell casings at the scene of the Boxing Day 2021 fatal shooting of Azario Major, a striking piece of forensic evidence that has remained central to the case from its earliest days.

Major, 31, was fatally shot by police outside Woody’s Bar on Fire Trail Road on December 26, 2021. While police initially maintained the shooting was justified, the circumstances surrounding the incident were heavily scrutinized during a Coroner’s Court inquest, where jurors ultimately returned a verdict of homicide by manslaughter.

The officers later challenged that finding, but the Supreme Court upheld the Coroner’s Court ruling, paving the way for criminal proceedings. They were subsequently arraigned on manslaughter charges and pleaded not guilty.

The DPP’s decision to elevate the charges to murder significantly raises the legal stakes. Unlike manslaughter, which does not necessarily require proof of an intent to kill, a murder conviction requires prosecutors to establish the legal elements of the more serious offence beyond a reasonable doubt. The prosecution’s case is now expected to focus heavily on forensic evidence, ballistic analysis and the sequence of gunfire during the fatal encounter.

The case is also notable because it will proceed without a jury. Barring further delays, the trial is expected to open on September 14 before Justice Guillimina Archer-Minns in a judge-alone trial, where a single judge—not a jury—will decide the fate of the three accused officers.

The proceedings will determine not only whether the three officers are guilty or innocent of murder, but whether prosecutors’ extraordinary allegation—that Azario Major was struck by additional gunfire after he was already dead—can be proven in court.

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CARICOM Targets Affordability as Bahamas, TCI Continue to Feel the Pinch  

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By Deandrea Hamilton

 

Cheaper shipping. Lower energy costs. Better access to healthcare. Stronger consumer protections.

Those are among the measures CARICOM Heads of Government believe could finally begin reducing the stubbornly high cost of living for millions of people across the Caribbean.

Meeting in Saint Lucia, regional leaders agreed that making life more affordable must become one of the Community’s highest priorities. Their emerging strategy includes reducing freight costs through a regional ferry service, accelerating renewable energy projects to lessen dependence on imported fuel, expanding regional healthcare partnerships, strengthening consumer protection, and encouraging governments to adopt successful cost-of-living measures already being implemented across the Caribbean.

“Our discussions over the past four days were guided by one central objective – ensuring that CARICOM delivers results that people can see and feel in their everyday lives,” CARICOM Chairman and Saint Lucia Prime Minister Philip J. Pierre said.

Few places may welcome that relief more than The Bahamas and the Turks and Caicos Islands.

Although inflation has moderated in both countries from the sharp increases experienced following the pandemic, the cost of living remains stubbornly high. Families continue to complain about grocery bills that stretch household budgets, rising housing costs, expensive electricity, healthcare expenses and fuel prices that remain among the highest in the region.

Governments have responded.

In The Bahamas, successive reductions in Value Added Tax on selected goods and other targeted tax measures have sought to ease pressure on consumers. In the Turks and Caicos Islands, the Government this weekend opens applications for its $500 Cost of Living Relief Programme, acknowledging that many households continue to struggle despite the country’s economic success.

Yet affordability remains elusive.

The contradiction is difficult to ignore.

The Turks and Caicos Islands continues to post one of the region’s strongest tourism-driven economies, with robust investment, record visitor spending and sustained construction activity. The Bahamas has also strengthened its economic position, earning improved sovereign credit ratings as tourism, government revenues and fiscal performance continue to recover.

Yet those encouraging economic indicators have not translated into noticeably lower household expenses.

The reason is largely structural.

Both The Bahamas and the Turks and Caicos Islands produce relatively little of what they consume. Food, fuel, medicines, vehicles, building materials and countless household essentials are imported. Both countries also record significant trade deficits, illustrating their dependence on overseas suppliers. Every increase in global shipping costs, fuel prices or supply chain disruptions is eventually reflected in supermarket prices, utility bills and the cost of everyday living.

That is why CARICOM’s agenda matters.

If regional leaders succeed in lowering freight costs through an inter-island ferry network, expanding renewable energy, improving regional cargo movement, strengthening consumer protections and making healthcare more accessible through cooperation, the benefits could extend far beyond government balance sheets.

For Bahamians and Turks and Caicos Islanders, success will not be measured by another tourism record or another credit rating upgrade. It will be measured at the supermarket checkout, on the monthly electricity bill, at the gas pump and in the simple ability to afford a better quality of life.

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