Denial from Nyack-Compton

Belmont Estate owner Shadel Nyack-Compton has denied the allegation

Belmont Estate owner Shadel Nyack-Compton has denied the allegation

Owner/Manager of the Belmont Estate, Shadel Nyack-Compton has denied reports circulating in some quarters that she is flouting the island’s Nutmeg Ordinance and selling Grenadian nutmegs on the international market.

THE NEW TODAY contacted Nyack-Compton on Monday following reports that some nutmeg buyers in Europe had informed the Grenada Co-operative Nutmeg Association (GCNA) that a private sector concern in Grenada had approached them to buy  the premier product from the Spice Isle.

Chairman of the Board of Directors of the Co-operative, Leo Cato confirmed to this newspaper that he had been told that “someone” who was living near to him in St. Patrick was the person who was going after GCNA overseas buyers.

Belmont Estate which is run by Nyack-Compton is located in the St. Patrick area.

According to Cato based on the information given to him, he could have pointed in only one direction and that was Belmont Estate.

He said if any individual was trying to sell Grenadian nutmegs on the international market then it would be doing so in clear violation of the Nutmeg Ordinance,  an act of the Parliament of Grenada which gives GCNA the exclusive rights to sell the product on the international market.

Cato stated that the law only makes provisions for persons to sell value added nutmeg products overseas and not the raw product.

He referenced the case of Noelville, owned and operated by Denis Noel
in St. Andrew, which produces a number of products made from nutmegs like Nutmeg oil and sells to overseas buyers in North America and Europe.

In speaking to this newspaper, Nyack-Compton, a trained attorney-at-law, said she was fully aware of the laws of Grenada and had no intention of breaking any of them.

She denied claims that she had approached GCNA’s overseas buyers in order to sell directly to them the “organic nutmegs” that are produced on her estate.

The lawyer/businesswoman disclosed that she had approached the association over a year ago to get permission to sell her organically produced nutmegs but nothing had been worked out.

She said at the time of the engagement there was a lot happening within GCNA including campaigning for an upcoming annual general meeting to elect new officers to serve on the board.

Nyack-Compton pointed out that the talks petered out and no agreement was reached on allowing her to sell organic nutmegs on the overseas market.

She expressed a willingness to once again meet with GCNA officials to discuss the issue since she was determined to find markets for her nutmegs.

According to the manager of Belmont Estate, it is time for law makers in Grenada to address the old and archaic law that gives GCNA a monopoly on the sale of nutmegs on the international market.

She said she was not speaking only for herself since Belmont Estate was part of a grouping of over ten producers of organic nutmegs who want to sell their produce overseas.

Nyack-Compton said she is determined to find a way for organically produced nutmegs from Grenada to be sold on the international market.

Meanwhile, Cato has denied reports that GCNA at a board meeting last week took the decision to sell three of its buildings in St. Andrew’s and St. George’s.

He said that the board is looking at selling only one of the buildings – the one on Jubilee Street in Grenville that is located near to the soon-to-be opened Grenville Bus Terminal.

He disclosed that the association was approached by a prospective buyer but systems have to be put in place before it can be sold such as getting a Valuator and to allow others who might be interested to send in their bids.

Tagged , . Bookmark the permalink.

Comments are closed.