Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Ngapuhi Heading for Settlement Crisis

4 October 2005

Ngapuhi Heading for Settlement Crisis

Ngapuhi – the country’s largest iwi – is heading for a financial crisis over the $66 million fisheries settlement it received last week, according to Ngapuhi leader David Rankin.

Mr. Rankin is the chairman of Ko Te Uira Tanuku Poto- a group of Ngapuhi kaumatua and academics – who are concerned about the current direction the iwi is heading in.

‘We have known for thirteen years that this settlement was coming’, says Mr. Rankin, ‘and in all that time, the Ngapuhi Runanga failed to develop a plan for managing and allocating the money. Now, they have received $66 million and they are scratching their heads, wondering what to do with it’.

Following some of the problems experienced by other iwi who have received settlements, such as Tainui, Mr. Rankin and Ko Te Uira Tanuku Poto are anxious that systems are put in place to protect Ngapuhi’s windfall. ‘This is our only chance at serious development for our people’; he says, ‘and we simply can’t afford to mess it up’.

‘I would like to say we have full confidence in the runanga’, says Mr. Rankin, ‘but based on their recent performance, we have real concerned for the financial future of Ngapuhi’.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news