THE National Government has launched a full scale investigation into establishing the true owner of the Koitaki Plantations.
This follows highly suspicious changes of the Company’s ownership at the Companies Office at the Investment Promotion Authority (IPA).
The Government in a couple of years ago supplied hundreds of cows from Markham to Koitaki Plantations and these cows are yet to be accounted for to date.
The Government is now working to finalise a Long Term Sustainable Economic Package for the Koiari people and needs to urgently determine ownership of the Plantation as it sits on prime land in the Koiari plateau.
The Minister for Trade Commerce & Industry, Richard Maru and Chairman of the Ministerial Committee on Koiari Sustainable Economic Package has directed the IPA to investigate the records and advice the Government on who the true and legal owner of the land and the Company “Koitaki Plantations” by this Friday.
Records at the IPA revealed that the Koitaki Plantation Limited now Koitaki Farms Limited is registered as a local company and own by Pacific Plantations Limited, a company which is also registered as a local company BUT has all foreign directors except a national female.
Koitaki Farms Limited has over 40,000 hectares of rubber wood plantation and 110 hectares of cattle farm.
Meanwhile Minister Maru said a technical team is currently holding a 4 days consultation meeting with the Koiari people in a lead up to the finalisation of a draft package to propose to the Ministerial Team he chairs for consideration and finalization before his Committee proposes a new long term sustainable economic package for the Koiari impact Communities of the Dam, Rouna Hydro and Water Treatment Plant at Mt Eriama and PAU.
He said majority of the people of Koiari have complained that despite millions paid to the Koari landowners through their so called land owner companies and so called Chairman, they have not benefited and there is nothing to show.
“Apart from the National Government, Eda Ranu and PNG Power have been paying millions in benefits annually but where is the real tangible benefit to the Koiari impact communities. Their living standards have not improved despite the city benefiting from water and electricity from Koiari sourced water and hydro energy for over 40 years,” the Minister said.