Fiji Time: 8:06 PM on Saturday 27 August

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 0.63900.6200
JPY 50.424247.4242
GBP 0.37370.3657
EUR 0.43830.4263
NZD 0.68420.6512
AUD 0.65260.6276
USD 0.49640.4794

from

$0.00

Exchange Rate updated on 26th August 2016

Today's Most Read Stories

  1. Veremalua gets help from Ryan on overseas contract
  2. Apologies as fans seek Ryan
  3. Beggar braves the heat for festivity
  4. Cost of living
  5. Fijian family survives quake
  6. It's gold for all
  7. Impact of VAT cutback
  8. Firm takes action over mynah nuisance
  9. Nagusa clears the air
  10. Crowd delights chief

Top Stories this Week

  1. Ardent fan escorted out of celebrations Sunday (21 Aug)
  2. God — is he dead? Maybe, but not Osea Kolinisau's Sunday (21 Aug)
  3. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  4. Wong helps Rawaca get a gold medal Friday (26 Aug)
  5. Ryan confirms decision to leave Fiji Sunday (21 Aug)
  6. Taliga eyes Tokyo Tuesday (23 Aug)
  7. 5.1 magnitude earthquake occurs in Fiji Monday (22 Aug)
  8. 7s top job Tuesday (23 Aug)
  9. Police escort fan away Monday (22 Aug)
  10. 'Ryan a loss' Tuesday (23 Aug)