Fiji Time: 6:48 AM on Sunday 1 May

Fiji Times Logo

/ Front page / News

Corporation finds a place to call home

Shalveen Chand
Wednesday, June 18, 2014

A JERKY start to smooth running is how the start of the Fiji Public Trustees Corporation was described by its chairman Iqbal Jannif as the new Fiji Public Trustees House was officially opened at Amy St in Toorak, Suva, last night.

Mr Jannif did not sugar-coat things when he talked of how the government entity was corporatised by the then-SVT government, reverted back to a government entity only to be corporatised again in 2006 by the then-SDL government.

He said they were asked to vacate the Attorney-General's Office.

"We were told to clear our things out and make space for somebody else," said Mr Jannif.

He said they were left with no budget and set adrift without a paddle but the corporate body since then has turned around, stood on its feet and has paid dividends back to the government.

Mr Jannif said in the past seven years, the FPTC had made a payment of $2.5million from the Reserve Fund to the government with a dividend of $500,000 and $7.2m as interest to the trust accounts and the estates the office looks after.

He said the FPTC had also started a new service of preparing wills for people.

Attorney-General Aiyaz Sayed-Khaiyum said FPTC had displayed great perseverance and tenacity in bouncing back to being an organisation which was self reliant, and at the same time delivering service to the public as required by the Public Trustees Act.

"I do have to make it clear that it wasn't me that asked FPTC to move out, it was the person before me," he said.








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 0.61350.5945
JPY 53.471650.4716
GBP 0.33380.3258
EUR 0.43020.4182
NZD 0.70870.6757
CAD 0.61210.5931
JPY 54.771751.7717

from

$0.00

Exchange Rate updated on 28th April 2016

Today's Most Read Stories

  1. Locked in freezer
  2. PM rejects holiday bid
  3. Rakete cries for Koro
  4. Devi thankful
  5. State will not rebuild churches
  6. Doctor robbed by masked men
  7. 'True democracy' and cost of credit
  8. Four people hospitalised after early morning accident
  9. Men in critical condition after accident
  10. Fijian peacekeepers serving in Sinai safe

Top Stories this Week

  1. Horror crash relived Wednesday (27 Apr)
  2. Shoeshine boy makes it big Monday (25 Apr)
  3. Horrific crash kills 1 Monday (25 Apr)
  4. Teacher fears for safety Tuesday (26 Apr)
  5. Overstay Monday (25 Apr)
  6. Father farewells son Wednesday (27 Apr)
  7. Try night fasting, doctor urges Monday (25 Apr)
  8. Horror car crash claims man's life Sunday (24 Apr)
  9. 'Ridiculous change' Tuesday (26 Apr)
  10. 7s eligibility Wednesday (27 Apr)