Home » Uncategorized » Instead these politicians did what they always did; keep on raiding the piggy bank to keep an elite group of retirees happy and to safeguard their own interests.

Instead these politicians did what they always did; keep on raiding the piggy bank to keep an elite group of retirees happy and to safeguard their own interests.

Politicians back with lies: PM

February 7, 2014 | Filed under: Fiji News | Posted by:

Prime Minister, Commodore Voreqe Bainimarama at the opening of the new Fiji National Provident Fund office at Naviti Street, Lautoka yesterday. Photo: SHEIK DEAN

Prime Minister, Commodore Voreqe Bainimarama at the opening of the new Fiji National Provident Fund office at Naviti Street, Lautoka yesterday. Photo: SHEIK DEAN

By JYOTI PRATIBHA

Past politicians whose inefficiency put the Fiji National Provident Fund on the brink of bankruptcy are now back, with their “blatant lies”, says Prime Minister Commodore Voreqe Bainimarama. Speaking at the opening of the newly relocated branch of the Fund at Lautoka, Commodore Bainimarama said hard and unpopular decisions had to be made by his Government, because those before him were not willing to put their popularity at risk. He said that to cater for a few elites in the country, the future of thousands of current workers had been put at stake. Now, he said, many politicians were quoting figures about the Fund which were outright lies. Commodore Bainimarama said allowing these politicians back into power would lead to the undoing of the good the Fund had achieved. “But unfortunately some of the governments that came before us were not so diligent. And unfortunately, some of the leaders of those governments are back, seeking political office on the back of blatant lies about the state of the FNPF and our stewardship of the life savings of every Fijian worker. “They are doing so having done little or nothing themselves to protect those savings when they were in office. And were they to ever regain the levers of power, rest assured that the fortunes of the FNPF would rapidly go into reverse, leaving our future retirees with nothing.” Today, the FNPF has grown into a fund of $4.2 billion. “A lot of figures are being bandied about and twisted by these politicians to try to destroy public confidence in our stewardship of the Fund. It is highly irresponsible, a classic fear campaign, but it is also wrong. “Because the truth is that my Government and the current board rescued the FNPF from certain bankruptcy. Without our reforms, it would have gone broke by 2052. “It was too hard to take the bold decisions necessary to save the Fund and avert the crunch that was always going to come. “Instead these politicians did what they always did; keep on raiding the piggy bank to keep an elite group of retirees happy and to safeguard their own interests. They did so without any consideration for the future – the future of our children, the future of Fiji.”

Reform working: “We’ve not only reversed the downward spiral but achieved a remarkable turnaround. Indeed, these reforms have been acknowledged with the FNPF winning a major international award from the global super-annuation industry. “The FNPF’s financial position is now strong and sound. “And the proof of that is in the audited financial results for 2013 – a net surplus of $293-million. “That’s a 21 per cent improvement in underlying performance.” Commodore Bainimarama said the current board had been instrumental in making the reforms sustainable. “So I’m delighted that we are now on a better footing and I want to thank the current FNPF board, under the chairmanship of Mr Ajith Kodagoda, for its role in achieving that objective. “With their commitment, vision, and hard work, we are already reaping the rewards of our reform programme. With their constant eyes on prudent investments, they are laying the foundations for a more prosperous nation in which every Fijian can benefit.”

Advertisements

15 thoughts on “Instead these politicians did what they always did; keep on raiding the piggy bank to keep an elite group of retirees happy and to safeguard their own interests.

  1. There is some truth in ratu voreqe’s speech concerning FNPF funds. people like Yee and alliance government are responsible for the un-sustainability of fnpf.so some credit to finance minister rt voreqe.

    Labour government made some mess at natadola .

    FNPF need to heve at least one local fnpf member who is also a civil engineer to vet and verify all payments of consultants for natadola and momi . architects , engineers and contractor working for these projects need another technical officer to verify their claims before payments

    GOD BLESS FNPF and GOD BLESS FIJI

  2. Typical VB response when hard numbers are put to his thick skull to process.
    All the shit backed up from his arse to his skull causes him to start talking shit. Friggin pathological liar.

  3. VB POT calling the Kettle black!
    a pathological liar calling others a liar
    what an intellectual imbecile.

  4. @ Nagatalevu

    You speak like a God-fearing man, but your actions seem to be contrary to your beliefs. How on earth can you believe a consistent habitual liar and murderer like bhaini-marama? He has continually blamed old politicians about lying, but he has not produced any Auditor General’s report since he forcefully took over. Mr Nagatalevu, don’t waste your time trying to believe a coward and a criminal.

  5. Yes Frozen – Its hot air coming from a man who has not published report of his own financial dealing in government let alone having it audited by independent auditors. He likes to comment on others management but does not accept scrutiny and criticism of his own. What kind of leadership trait does he think he is leaving for the young generation to follow? Its not the best example to follow and if this is the kind of leadership model he is marketing, people would be just as mad to elect him as their leader!

  6. Here is an extract from a letter in today’s The Age (8/2) that we can all relate to .
    “… Military forces the world over have form in punishing and mistreating civilians who fail to respect their authority. They also have a history denying that such events happened, and doing everything in their power to prevent information about their crimes coming to light. Australian forces are no exception…” – Ken Richards.
    We know from our own experience – both past and present – that the Fijian military forces are no exception either.
    And it goes without saying that in a military dictatorship – with no accountability, no transparency,no media and no public scrutiny – the military forces and their surrogates get away with a whole lot more of the kind of “events” Ken Richards alludes to.

  7. this Bainimarama fala just like a broken record player .
    stuck on the same lasulasu song about “past politicians” and their ‘lying”
    the issue confronting the fijian people is the Present politicians and their Lying!!

  8. You might think that this is too obvious as to be almost self explanatory.
    The more information you can supply them the better. One
    of the other easy ways to make money fast, is creating
    your very own product.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s