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Land Bank No Threat: Kuruvakadua

Land Bank is not a threat to the iTaukei Land Trust Board (TLTB), says general manager Tevita Kuruvakadua. Mr Kuruvakadua said there was a need for both organisations to perform
24 Apr 2015 21:51
Land Bank No Threat: Kuruvakadua

Land Bank is not a threat to the iTaukei Land Trust Board (TLTB), says general manager Tevita Kuruvakadua.

Mr Kuruvakadua said there was a need for both organisations to perform to their fullest to drive the economy forward.

“Some may say that it is a challenge to TLTB even though they are not our competitor,” he said.

“We would like to continue to deliver our core business and our mandate under the iTaukei Land Trust Act, which we will continue to pursue.”

Mr Kuruvakadua said they remained confident because the TLTB board administered and managed more than 90 per cent of the iTaukei land.

“So we don’t see them as a threat but as a partner in terms of moving development forward to the economy as that is our position and if they issue leases from their end and we can issue lease from our end. Our objective is to drive development and the landowners are given their fair share,” he said.

The Board is asking the landowners to come forward and register with the TLTB for the equal distribution though their individual bank accounts.

He said the general response from landowners on registration has been slow.

“We hope that it will pick up when our systems starts distributing lease monies individually,” he said.

“As of now we rely on the iTaukei lands commission affairs to fast track the digitalising the project they are working on to registers all the i-taukei’s online.”

Once that is done, they would then use that information to start with registration of iTaukei from various provinces.

“This is done on a phased approach depending on those provinces that have gone online from VKB site so we will work with the first four provinces that we will pilot and actually put them live from first week of May which includes Ba, Bua, Macuata and Kadavu,” he said.

“The payment to the trust accounts will seize as currently arrangements so all those individual in those provinces that have registered will get their lease.”

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