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UPDATE: NIB Director leaving for Lyford Cay Foundation

Updated: Nov 30, 2020

NIB Director Dr. Nicola Virgill-Rolle is leaving the National Insurance Board to become the next Executive Director for Lyford Cay Foundations, effective December 31.

LCF Chairman, Basil P. Goulandris said in a statement on Monday, “Dr. Virgill-Rolle is the quintessential leader for Lyford Cay Foundations. Her professional career is truly exceptional and bodes well for the future success of the organization”.

Her decision to jump ship just two and a half years after being appointed NIB Director comes as no surprise to Virgill-Rolle’s colleagues who she say was extremely unhappy at NIB, which was being used as the Minnis Administration’s slush fund. Several unqualified FNM supporters were given high-paying jobs at the quasi-government agency in recent months.

There have also been concerns about the government using NIB reserves to pay millions of dollars on its unemployment benefit since the Covid-19 pandemic began in March while Bahamians are under the impression that the Public Treasury is funding the unemployment assistance program.

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