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Millions Allegedly Missing in Matarakai Gold Scandal

Admin by Admin
October 16, 2025
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By Mark DaCosta- The recent revelation of significant discrepancies regarding gold royalties in Four Miles Village of Matarakai Region 1 has raised serious alarms. This information is being communicated by Azruddin Mohamed, Leader of the We Invest in Nationhood (WIN) party, who urges immediate action.

Reports have emerged alleging that a staggering 180 ounces of gold, equivalent to around GY$120 million, cannot be accounted for, raising urgent questions about the financial practices of the Village Council. Villagers express their deep concerns regarding the management of funds collected from mining activities occurring on their ancestral lands. During a recent assembly, the village treasurer disclosed that the council had only received a mere 98 ounces of gold as royalties, but the discrepancy in figures and a lack of transparent financial records have led residents to suspect possible corruption.

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Disturbingly, while only 21 dredges were officially sanctioned to operate, there are claims that over 50 dredges are functioning without proper approval. This unauthorised activity has resulted in royalties being paid “off the record” directly to certain council members rather than being channelled following established protocols. This practice not only undermines the integrity of the village governance but also deprives the community of essential funds meant for development. As one concerned resident indicated, “These royalties are meant to be used to develop the village.”

In the wake of these alarming developments, the residents have mobilised, launching a petition with more than 140 signatures demanding decisive action. Their calls to action include a thorough audit of the Village Council’s finances, specifically scrutinising all royalties earned and dispensed. They are also pressing for an investigation into the rampant unauthorised dredging taking place on their territory as well as immediate interventions from the Ministry of Amerindian Affairs and the National Toshao’s Council.

The magnitude of these allegations is troubling. If proven, this situation could signify a massive theft from the indigenous communities, who have historically depended on these resources for their sustenance and development. Such serious accusations paint a stark picture of the governance, or lack thereof, in place at Four Miles Village. The livelihood of the villagers hinges on the fair and transparent distribution of resources derived from their land — a right that now appears to be compromised.

The crux of this situation lies not just in the unaccounted gold but in the broader implications for governance and justice for indigenous peoples in our nation. The apparent mismanagement and the opaque nature of financial dealings foster an environment of distrust, which could have long-lasting repercussions on community relations and their economic stability.

According to one Indigenous Guyanese, “We want answers and accountability. Our communities cannot thrive without transparency.” This statement captures the essence of the villagers’ plight, as they seek to reclaim not only the missing gold but also the confidence in their leadership and their right to self-determination.

Azruddin Mohamed’s account of the situation shines a light on the critical need for oversight and reform in the management of local governance within our villages. It highlights an urgent call for those in power to act responsibly and in favour of the people they represent rather than allowing mismanagement and exploitation to flourish unchecked.

As this story unfolds, it serves as a cautionary tale about the importance of transparency and accountability in leadership, particularly concerning the rights and resources of our indigenous communities. The implications of these allegations could pave the path for much-needed reforms that will strengthen governance and enhance the voices of the people. The eyes of the community — and indeed the nation — now turn to authorities to address these grave issues promptly and effectively.

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