World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

USP Chief Praised Over Corruption Warning

USP Pacific Journalism Online: http://www.usp.ac.fj/journ/ Wansolwara Online (USP): http://www.usp.ac.fj/journ/docs/news/index.html

USP Pasifik Nius stories on Scoop (NZ): http://www.scoop.co.nz/international.htm Have your say: http://www.TheGuestBook.com/vgbook/109497.gbook

USP CHIEF PRAISED OVER CORRUPTION WARNING

SUVA (Pasifik Nius): Daily newspapers today praised University of the South Pacific vice-chancellor Savenaca Siwatibau over a warning that Fiji had lost about $500 million as a result of bad governance.

The former Reserve Bank governor said this included the current farming assistance scam and the past $200 million National Bank of Fiji corruption scandal.

Siwatibau said the fact that Fiji had high reserve levels was not a good sign for the country.

"It's not a sign of strength in the economy. It's a sign of weakness in Fiji," he told a Forum Secretariat social development seminar yesterday.

"If you look at the banking system now, there are hundreds of millions of dollars lying idle, most of them are quite happy just to invest it for hardly anything at all in the central bank.

"Our financial system is unwilling to lend money because of uncertainty in our country and investors themselves will not want to invest because we don't have the confidence."

The Daily Post said in an editorial that Siwatibau's warning about more money going down the drain through scams unless leaders did their jobs honestly and efficiently came from "someone we should listen to".

"Mr Siwatibau is no politician thinking more about getting your vote into his pocket, [he is] pointing out In measured, disinterested and yet compelling language the danger that lies ahead of the nation," the paper said.

"Fiji has lost $500 million through scams in the last decade, he said, and the sad thing is the rot will get worse."

The Fiji Times said every government since independence had governed Fiji in its own interest.

It said Siwatibau's figure of $500 million lost was "being overly conservative, though a true figure would be hard to guess at".

"However, if we consider all the money siphoned off into private companies, harebrained schemes, doomed enterprises, inefficient businesses and, of course, affirmative action programmes, it would amount to a very impressive sum indeed.

"And all this happened - and continues to happen - as a result of poor governance."

+++niuswire

This document is for educational and research use only. Recipients should seek permission from the copyright source before reprinting. PASIFIK NIUS service is provided by the niusedita via the Journalism Program, University of the South Pacific. (C) 1996-2002 - ALL RIGHTS RESERVED Please acknowledge Pasifik Nius: journ@usp.ac.fj http://www.usp.ac.fj/journ/nius/index.html


© Scoop Media

 
 
 
World Headlines

 

Rohingya Muslims Massacred: Restrictions On Aid Put 1000s At Risk

Amnesty: The Myanmar authorities’ restrictions on international aid in Rakhine state is putting tens of thousands of lives at risk in a region where mainly Rohingya people are already suffering horrific abuses from a disproportionate military campaign. More>>

ALSO:

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

ALSO:

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC