Fiji Time: 2:25 PM on Thursday 11 February

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 0.65910.6401
JPY 54.274451.2744
GBP 0.32490.3169
EUR 0.41900.4070
NZD 0.71410.6811
AUD 0.66860.6436
USD 0.47530.4583

from

$0.00

Exchange Rate updated on 11th February 2016

Today's Most Read Stories

  1. Dead on the beach
  2. A-G: Politicians advocated travel ban
  3. Gone but not forgotten
  4. Rakiraki town flooded, shops closed
  5. Civil servant taken into custody by FICAC
  6. Amendment bid
  7. Weather watch: Met Office issues heavy rain alert
  8. USP's financial review
  9. $25k poultry project
  10. Parliament order paper outlines questions for ministers

Top Stories this Week

  1. Angry 7s fan smashes TV screen Tuesday (09 Feb)
  2. Sevens changes Friday (05 Feb)
  3. Need speed Monday (08 Feb)
  4. 3 MPs are out Wednesday (10 Feb)
  5. NZ 7s final refereeing charade an embarrassment Monday (08 Feb)
  6. Ryan: Sunshine ahead Tuesday (09 Feb)
  7. Investigation as nurse falls with baby Tuesday (09 Feb)
  8. Legal row Friday (05 Feb)
  9. Sydney 7s thriller Wednesday (10 Feb)
  10. The origin of Fiji's sevens series Monday (08 Feb)