Fiji Time: 5:41 PM on Tuesday 1 December

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.

Code Inward TTs Outward TTs
CAD 0.62880.6098
JPY 58.514955.5149
GBP 0.31210.3041
EUR 0.44510.4331
NZD 0.72120.6882
AUD 0.65360.6286
USD 0.47300.4560



Exchange Rate updated on 1st December 2015

Today's Most Read Stories

  1. Horrific crime
  2. Man in the dark on police complaint
  3. Former manager, businessman front court
  4. Miss Fiji in top 10 at world pageant
  5. David and Goliath
  6. Sexual assault against minors
  7. Delainamasi's best targets Flying Fijians
  8. Talks on removal of sunken ship ongoing
  9. FSC marks success
  10. Helipad plan receives $70k boost

Top Stories this Week

  1. Left for dead Wednesday (25 Nov)
  2. MV Suilven sinks Wednesday (25 Nov)
  3. Bomb threat Monday (30 Nov)
  4. Torture suspects known to police Thursday (26 Nov)
  5. Sex assault claim Thursday (26 Nov)
  6. Father of two sent to prison Wednesday (25 Nov)
  7. Terror attack survey ranks Fiji 11th out of 21 Monday (30 Nov)
  8. Students drown, three dead over the weekend Monday (30 Nov)
  9. Police chief refutes report Monday (30 Nov)
  10. Horrific crime Tuesday (01 Dec)