#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: 'Momi Bay must be developed'

Sunday, June 20, 2010

'Momi Bay must be developed'

The Fiji Broadcasting Corporation is quoting the illegal regime's attorney general as saying the failure of Momi Bay’s developer Matapo Limited to pay up its debts to the Fiji National Provident Fund prolonged FNPF’s ability to sell the property to another interested developer.

Aiyaz Sayed-Khaiyum made the comment as the Momi Bay Development Decree came into effect on Friday.

Sayed-Khaiyum says because of the challenge by Matapo, the government has stepped in to ensure the property is developed which will create employment and contribute towards the growth of the economy.

“Given the fact that Matapo is challenging various issues by FNPF, which would see a very protracted, battle if you like, that would not have benefited anybody in Fiji, it made it imperative that Government have this specific decree to be able to expedite the process to be able to regularize the process.”-FBC


Radiolucas said...

Ruling by decree is a sign of laziness and disrespect. Disrespect for the rule of law and the rights intelligence of the people.

Anonymous said...

Trust Khaiyum doesn't do for property developement what he's done for media & banking?

Unknown said...

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