Fiji Time: 4:11 AM on Friday 29 May

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$4.5m for landowners

Serafina Silaitoga
Friday, June 13, 2014

THE Land Use Unit has so far paid out a total of $4.58million to landowners whose land are leased out under government's land bank.

Ministry of Lands director Samuela Naicegucegu said the lease payment had been made since 2011.

"Up to May this year, a total of $4,586,653.15 has been paid to all landowners in Fiji who have their land in the land bank and leased out," Mr Naicegucegu said.

"Trustees are elected by the landowners and they are entrusted to oversee how landowners utilise their money in accordance with what have been prescribed in their deed."

Mr Naicegucegu said the Land Use Unit had also taken the initiative to advise landowners on investment issues.

"We also rope in relevant institutions to advise on investments and other business undertakings.

"But at the end of the day, the trustees and landowners have the right to any money paid for the utilisation of their land.

"All trustees are expected to conduct their own annual general meetings before the end of January each year."

The meeting, Mr Naicegucegu added, would include the auditing and endorsement of financial statements.

"Copies of the minutes and financial statements should be forwarded to the Ministry of Lands, which is under Section 8 of the Land Use Regulations.

"The Land Use Unit was set up to facilitate government initiatives in making more land available for socio and economic purposes."





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