Radio Regime has announced that $4.6 million has been paid to indigenous landowners who have deposited their land in the Frank Land Bank. We are not told who the lessee is (apparently only one) or how much land is involved. Nor are we told how long the leases run. Are they 99 year leases? How much rent is being paid? What are the provisions for re-assessing rent in line with inflation? The Land Bank gives total power to the PM to set rents and all conditions for leases, so he should be telling us and the landowners what decisions he’s made.
Radio Fiji 13 April 2014 Land Bank rakes in $4.6 m in lease money.