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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.

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