Fiji Time: 8:38 PM on Sunday 28 August

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 0.63900.6200
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. Mata signs new deal
  2. Violence stops TISI Sangam annual meeting
  3. Man dead, four hospitalised after road accident
  4. Students wait
  5. Vou group wows crowd, scoops award
  6. Ambulance involved in road accident
  7. Ravouvou makes Auckland debut
  8. Epi crowned North queen
  9. BOG: Lautoka records third straight win
  10. Contractor to do finishing touch ups

Top Stories this Week

  1. Mata signs new deal Sunday (28 Aug)
  2. Wong helps Rawaca get a gold medal Friday (26 Aug)
  3. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  4. Taliga eyes Tokyo Tuesday (23 Aug)
  5. 5.1 magnitude earthquake occurs in Fiji Monday (22 Aug)
  6. 7s top job Tuesday (23 Aug)
  7. Veremalua gets help from Ryan on overseas contract Saturday (27 Aug)
  8. Police escort fan away Monday (22 Aug)
  9. 'Ryan a loss' Tuesday (23 Aug)
  10. Ryan may return Friday (26 Aug)