Fiji Time: 10:45 PM on Saturday 29 November

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.

Today's Most Read Stories

  1. Tuqiri leaves Rabbitohs as champion
  2. In the hot seat
  3. E-ticketing under scrutiny
  4. The way forward for Fiji players
  5. 7s team adapts well in Dubai
  6. Biman stays
  7. $60m profit outlook
  8. Glamorous fundraiser
  9. Heroes give emergency response equipment
  10. Sewing machines to help women

Top Stories this Week

  1. Couple return to Fiji after almost a decade Wednesday (26 Nov)
  2. Deal on NZ jobs Monday (24 Nov)
  3. Stop the bickering Tuesday (25 Nov)
  4. No regrets Tuesday (25 Nov)
  5. Indecent jokes warning Wednesday (26 Nov)
  6. Jail terms for former Post Fiji executives Monday (24 Nov)
  7. President Xi leaves impression on leaders Monday (24 Nov)
  8. LTA fires corrupt 4 Thursday (27 Nov)
  9. Speaker changes her tune Friday (28 Nov)
  10. Man behind the change Wednesday (26 Nov)