Purchase of EFL shares a desperate measure, says Prof Biman

National Federation Party President Pio Tikoduadua (right) with leader Professor Biman Prasad at the Party’s Annual General Meeting in Lautoka. Picture: REPEKA NASIKO

FIJI National Provident Fund’s purchase of the 20 per cent shares in Energy Fiji Ltd worth $220million is a desperate measure by Government, says National Federation Party leader Professor Biman Prasad.

Prof Prasad’s comments come after a signing ceremony for the partial investment of shares in EFL was facilitated by Economy Minister Aiyaz Sayed-Khaiyum in Suva on Friday.

Mr Sayed-Khaiyum had said this would allow FNPF to sit on the EFL board.

Read the full report in today’s edition of The Fiji Times.

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