TLTB collects $1.4 million in three weeks

The iTaukei Land Trust Board (TLTB) is pleased to announce that it has successfully collected more than $1.4 million over the last three weeks following the launch of a major arrears exercise.

CEO Mr. Solomoni Nata expressed concern regarding the escalating rent arrears, which amounted to approximately $20.1 million as of May 2024. “In January, the initial arrears balance was $27 million, with 26,991 tenants in arrears. By May 31, 2024, we saw a 25% decrease, equivalent to $6.8 million, bringing the current balance down to $20.1 million from 18,803 tenants in arrears,” Mr. Nata reported.

For this year, TLTB aims to achieve a 60% reduction in arrears, translating to $16.2 million, by the end of December 2024.

Despite only being measured over the last three weeks, Mr. Nata remains optimistic about further reducing the arrears. He attributes this success to the implementation of key legal strategies and improved rent collection methods, including the engagement of bailiffs, house-to-house visits, and increased public awareness through the media.

“We urge tenants who owe money to visit any of our TLTB offices to make arrangements and pay their rent arrears. It is essential to avoid any future hardships,” Mr. Nata stated.

To facilitate payments, tenants can also make their payments at any branches of ANZ Bank, BSP and Westpac, any Post Offices, and MaxVal-U outlets Fiji-wide. Recent improvements in rent collection facilities include the creation of e-payment facilities through our website and internet banking transfers.

TLTB remains committed to ensuring efficient rent collection for the benefit of the landowners and looks forward to further reducing arrears in the coming months.