Fiji Time: 2:22 AM on Monday 3 August

Fiji Times Logo

/ Front page / News

$2.5m held back

Salaseini Moceiwai
Friday, August 29, 2014

ABOUT $2.5million belonging to landowners in Bua, Cakaudrove and Macuata is being withheld by the iTaukei Land Trust Board (TLTB) because the landowning units don't have bank accounts and deeds of trust.

As a result, TLTB officials in the Northern Division are visiting landowning units to ensure they register their trust and open bank accounts.

TLTB general manager Alipate Qetaki said they were targeting the North to ensure all landowning units had registered trust and accounts.

"This is a requirement if money is to be paid out to the landowners," he said.

"This current exercise is also focusing on landowning units which have significant sums of money held back by TLTB due to the fact that landowners have not registered their trust and also a trust bank account. The exercise covers Macuata, Cakaudrove the Bua Provinces.

"A total of $2,529,135.47 is due to the landowners and this is 42 per cent of the total sum withheld nationwide in the 14 provinces," Mr Qetaki said.

He said this sum was for 610 landowning units in the North.





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 0.61530.5963
JPY 59.284856.2848
GBP 0.30290.2949
EUR 0.43260.4206
NZD 0.72270.6897
AUD 0.65180.6268
USD 0.47520.4582

from

$0.00

Exchange Rate updated on 31st July 2015

Today's Most Read Stories

  1. Commander resigns
  2. Chaudhry at helm
  3. School bullies
  4. LMS sets Deans title defence plot
  5. Ryan eyes veteran Bobo to join sevens team
  6. Woman dies in road accident
  7. Draunidalo remains NFP president
  8. Party queries protection of landowners' resources
  9. Call to remain active
  10. Seaweed farming grows

Top Stories this Week

  1. Deaths haunt 15-year-old Monday (27 Jul)
  2. Dad dies, kids worry Tuesday (28 Jul)
  3. Distraught mum recalls promise Tuesday (28 Jul)
  4. Flying Fijians spoil Samoan celebrations Monday (27 Jul)
  5. Sex trafficking source Thursday (30 Jul)
  6. Truck sinks into town road Monday (27 Jul)
  7. Teary farewell for trio Friday (31 Jul)
  8. Final goodbye Wednesday (29 Jul)
  9. Unrealistic airfares Monday (27 Jul)
  10. No say over lease Friday (31 Jul)