NASSAU, BAHAMAS — The National Insurance Board (NIB) on Wednesday moved to clarify reports concerning the employment status of workers at Lucayan Renewal Holdings, confirming that no unemployment benefit claims have been filed, processed, or denied for employees of the company.
Following what it described as a comprehensive review of its internal systems, NIB said it has received no formal notification of closure, redundancy, or layoffs from Lucayan Renewal Holdings — a requirement under the National Insurance Act for unemployment benefits to be assessed.
The clarification follows reports published in The Nassau Guardian suggesting that employees of the Grand Bahama-based entity had been denied unemployment benefits. NIB said that claim is factually incorrect.
In a statement, the Board emphasized that unemployment benefits are only triggered through formal employer notifications and properly submitted claims, both of which are absent in this case.
“NIB relies on formal employer notifications and properly submitted claims in order to assess eligibility and provide benefits in accordance with the National Insurance Act,” the Board said.
The agency said it takes its responsibilities to contributors and beneficiaries seriously, noting that inaccurate reporting on matters of social protection can create unnecessary uncertainty for workers, employers, and the wider business community.
NIB added that it continues to monitor its systems and remains prepared to act should any valid claims or official notices be submitted in the future.
