Fiji Time: 8:53 PM on Thursday 21 September

Fiji Times Logo

/ Front page / News

$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."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.61980.6008
JPY 56.966953.9669
GBP 0.37130.3633
EUR 0.42260.4106
NZD 0.68950.6565
AUD 0.62940.6044
USD 0.50450.4875

from

$0.00

Exchange Rate updated on 22nd, August, 2017

Today's Most Read Stories

  1. 149 dead
  2. Resort's legacy
  3. Chaudhry: Decision not surprising
  4. Battle for captaincy
  5. State accused of wage 'blackmail'
  6. Early education boost for villagers
  7. Ex-cop fronts court
  8. Shakes around the region
  9. Bainimarama reassures French President
  10. FLOTSAM AND JETSAM

Top Stories this Week

  1. $16k dream holiday Monday (18 Sep)
  2. The fee to kill Tuesday (19 Sep)
  3. Mysteries of the floating island Wednesday (20 Sep)
  4. Coffee shop with a class Friday (15 Sep)
  5. Teens hurt in brawl Saturday (16 Sep)
  6. Nawai's prophecy Friday (15 Sep)
  7. NFP leader under fire Friday (15 Sep)
  8. Head teacher in court for sexual assault Monday (18 Sep)
  9. Pay rise deal Wednesday (20 Sep)
  10. Man freed from prison Tuesday (19 Sep)