The Fiji National Provident Fund's annual report has revealed that its six board members received almost $159,000 in allowances between January 1st and 31st December 2007.
The report showed that the total amount paid to the 6 in directors’ fees was $941,000, an increase of $372,000 paid to the ousted board members in 2006.
FNPF Chief Executive Aisake Taito and new Board Chairman John Prasad declined to comment on the issue.
5 of the 6 Board members were terminated in June this year by Bainimarama.
They were Chairman Parmesh Chand, Employee representatives Felix Anthony and Daniel Urai – General Secretary and President respectively of Fiji Trades Union Congress, and Employer reps James Datta and Howard Politini.
Only Permanent Secretary of Labour Taito Waqa – regime appointee with Chand – is the surviving member from the axed Board.
When Bainimarama terminated the FNPF Board a few weeks after the December 2006 coup, he said FNPF needed a new direction to be cost effective.