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‘Recovering Scholarship Bonds A Challenge’

‘Recovering Scholarship Bonds  A Challenge’
Silana, Dawasamu Tailevu cousins (from left) Vasemaca Vanobonosiga, Rusiate Delai and Losana Lagiloa applying for the Tertiary Education Loan Scheme (TELS) at the Fiji Nursing Association Hall . Photo: Maika Tauribau
April 14
11:00 2017

Recovery of scholarship bond balances continues to be a big challenge for the Ministry of iTaukei Affairs.

This was revealed by the Ministry’s permanent secretary, Naipote Katonitabua while making submissions on the 2015 Audit Report before the Public Accounts Committee in Parliament yesterday.

Mr Katonitabua said it was a challenge for them because they couldn’t provide balance owed to each of the absconders.

Since the withdrawal of the scholarship unit from the Ministry in 2014, he said all bond documents and files were transferred to the Tertiary Scholarship and Loans Board Office (TSLB) that same year.

Mr Katonitabua said even though the bond recovery fund account was under the ministry, the full control of the fund account was still with the Ministry of Economy.

With reference to the bond recovery bank statement, he said they continued to receive repayments from three absconders, namely:

             Leone Vadei in New Zealand

             Ratu Ilaitia Delasau in New Zealand

             Vasemaca Aditukana, currently employed by Government Shipping

Mr Katonitabua said the scholarship bond recovery balance stood at $600,330.73 as of December 31, 2015.

“There was a withdrawal of $500,000 by the Ministry of Economy on May 12, 2016 which left a balance of $100,330.73.”

Mr Katonitabua said there was some additional payment from May last year to today which left the Ministry a balance of $134,075.80.

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