Bahamian Politics - The Bahamas: $1,000,000,000.00 - One Billion Dollars demand a full audit
No full accounting and accountability of $1,000,000,000.00 - One Billion Dollars of the National Investment Fund (NIF) of The Bahamas
By Lynden Nairn
Nassau, N.P., The Bahamas
Sadly, the Bahamian people are being forced to dig for answers to basic questions about their own money. Little has been provided. But this is what we know:
1. In 2025, Parliament authorized the Government to borrow up to $300 million and deposit the proceeds into the National Investment Fund (NIF).
2. In 2026, the Government told the Bahamian people that a further $700 million in excess borrowing proceeds had been transferred to the NIF.
That puts $1 BILLION (not just $700 million) at the centre of the NIF discussion.
3. When finally pressed to explain what happened to NIF money, the Government said that $310.9 million had been spent to date.
So what does that mean?
First: The Government has still not provided a clear reconciliation explaining what happened to the remaining $689.1 million of the $1 billion it said was destined for or transferred to the NIF.
Second: Even for the $310.9 million it says was spent, the Government has not provided the Bahamian people with a full, transaction-by-transaction accounting showing precisely where the money went, when it was spent, who received it, who authorized it, and under what authority each expenditure was made.
The Bahamian people must NOT accept a two-sentence description of the expenditure of $310.9 million as a sufficient accounting.
This is public money.
Therefore, as far as I am concerned, the Government of The Bahamas has a very simple obligation:
FULLY RECONCILE THE $1 BILLION.
Tell the Bahamian people:
- Where did the money go?
- Who received it?
- When was it spent or transferred?
- Who authorized it?
- And under what legal and parliamentary authority was it done?
Those are not complicated questions.
$1 BILLION demands a full accounting.
