As the Kadavu Provincial Council kicks off in Suva tomorrow, concerns are being raised now on how Kadavu House which has been funded through a 14 million dollar Fiji National Provident Fund loan is benefitting the province and the ordinary people of Kadavu.
The Qarase government had given a guarantee on the 14 million dollar loan that the government will occupy the house and pay a set amount of rent to the Holdings.
However in 2007 the Bainimarama government established that the rental agreed to was too high.
It also established that the company was not registered and the current government was also concerned on how some former SDL parliamentarians were directors of the Holdings.
It raised the question on who benefitted or are benefitting from the Affirmative Action Programme and whether the ordinary people of Kadavu would ever benefit from Kadavu House.
Fijivillage News has now established that Kadavu Provincial Council has not been given any returns from Kadavu House to date although the house has been fetching rent since 2007.
One of the former directors of Kadavu Development Company or KDC and former Kadavu Provincial Council Chairman, Ratu Josateki Nawalowalo confirmed that no returns have been given to the provincial council.
He also explained how FNPF granted the 14 million dollar loan through the assistance of the previous government.
Sources have revealed that some shareholders of Kadavu Development Company are not happy with the way the company has been run, and they are calling on the Board to hold the AGM to ascertain the true ownership of Kadavu House.
The source revealed that as shareholders they are concerned as to why there has never been no AGM for more than 20 years, adding they continue to be in the dark on how the company has been operating.
They are also calling for the restructure of the board to ensure that there is transparency.
Current major shareholders include the chiefs of the nine districts which are holding shares for their individual tikinas.
There are other individual shares including Nawalowalo and some former SDL parliamentarians.
Fijivillage News has established that based on the government agreement about 880 thousand dollars was paid to Kadavu Holdings for 5 months of rent in 2007.
The agreement was then severed and Kadavu Holdings found new tenants.
Meanwhile Prime Minister, Commodore Voreqe Bainimarama will open the Kadavu Provincial Council meeting at 9am tomorrow.
Has Kadavu House benefitted the people of the Province
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