Books about Anguilla


Wednesday, 22 January 2014


After due consultation with the Monetary Council, the 
Eastern Caribbean Central Bank (ECCB) [above] has been 
directed by the Monetary Council to exercise the powers 
conferred on it by Part II A, Article 5B of the ECCB 
Agreement Act 1983 and assumed control of the Caribbean
 Commercial Bank (Anguilla) Limited (CCB) and the National 
Bank of Anguilla Limited (NBA),” said Chairman of the 
ECCB Monetary Council, 
St. Kitts and Nevis’ Prime Minister and Minister of Finance, 
the Rt. Hon. Dr. Denzil L. Douglas.
I was waiting for the next two or three weeks to hear the faith of the local banks but I understand that since NBA books close at the end of March, the fabled ECCB Chief might not make an announcement until sometime in April or May 2014.

This is interesting because our Chief Minister in and effort to settle political scores and punish some less than honest Directors on the bank boards has apparently agreed to not only surrender control of the local banks but have also surrendered ownership rights. Banks in Antigua was taken over restructured and returned to the people of Antigua, however in Anguilla our fabled anti colonial champion and Savior to many not only agreed for our local banks to be taken over by the ECCB but also agreed for the two local banks to be merged, then for the single local bank to be merged into the St Kitts Nevis Anguilla National Bank (SKNANB). 

Over the last few months the ECCB have been busy deconstructions the local banks, breaking them into pieces, seeking to sell the pieces SKNANB either cant handle or don't want while the people of Anguilla have been sitting quiet listening to the Chief Minister blaming the local Directors for the Crisis. The local staff at the banks sees a dark future but is scared to say anything because they are all worried about their jobs.

By: Statchel Warner

Mr. Statchel Warner studied BSc International Relations, Cert. Social Services at University of the West Indies. He is a Thinker, Writer, Activist, Politician (former Anguillian National Alliance (ANA) Candidate), Entrepreneur, and a possible candidate for the Road South Constituency in the next General Election on Anguilla in 2015.

1 comment:

  1. This is hogwash. The Chief Minister has no jurisdiction over the judiciary. Statchel should know better but then again, he's rational thoughts are clouded by his hatred of Hubert Hughes


“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity” – MLK.