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NBF cost Fiji $650 million

July 31, 2017 6:33 pm

The fall of the National Bank of Fiji cost the country $650 million.

The Attorney-General Aiyaz Sayed-Khaiyum says this was done by leadership of the past who drove the bank down.

Sayed-Khaiyum says that in order to service the bank, the SVT Government borrowed $209.1 million to bail out NBF

“Under the leadership, because the National Bank of Fiji was lost, that person is trying to regain your confidence as a Prime Minister of the country to look after your money. That ladies and gentlemen is the fact.”

Sayed-Khaiyum was a guest speaker at the vice-chancellor’s public lecture at the University of Fiji in Lautoka yesterday.