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Wednesday, October 03, 2007

FNPF Board to release Natadola report

The Chairman of the Fiji National Provident Fund (FNPF) Board of Directors, Peceli Vocea, said that they will be releasing the Ernst & Young special audit report on FNPF gradually for public consumption.

This assurance was made after increasing calls for public accountability to the Fund's members on how their funds had been managed.

A subsidiary of the FNPF said that the decision to invest in the Natadola hotel project was made by the Fund without carrying out proper independent due diligence.

The FNPF Board Chairman said that the release of the Report to the public would facilitate a good debate on its contents and ultimately encourage people to make suggestions on how to deal with the recommendations in the Report.

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