THE COURT REPORT
National Housing Estate on verge of liquidation
...recent appointments do nothing to inspire confidence that NHEL’s future is going to be any less controversial than its past so perhaps the best we can hope for is that Niugini Building Supplies is successful with its petition application and that the scandal of the National Housing Estate is soon brought to a close. NHEL Appointments 8340 8341 2 https://d6mljhs7208w9.cloudfront.net/uploads/2020/11/8165-nhel-appointments.zip...
PNGi INVESTIGATES
Durand Farm: Dodgy Deals and Dashed Dreams
...Moresby City Development Enterprises Limited’s closure. Durand Farm Reboot with Failed Aussie Builder In 2014 the O’Neill government announced it would revive Durand Farm as a major development site for affordable housing. The project would be overseen by the NHC, and the NHC’s private investment arm, National Housing Estate Limited (NHEL). Both the NHC and NHEL have been deeply impacted...
THE TOKAUT BLOG
KPPA and other stains on the new Marape government
...reviving the notorious National Housing Estate Limited. Is new Housing Minister Justin Tkatchenko reviving the National Housing Estate Limited? NHEL is a body that PNGi has previously exposed for its misdeeds and it was none other than James Marape himself, as Minister for Finance, who supposedly signed the company’s death warrant in 2017. Meanwhile, Minister for Petroleum Kerenga Kua, is...
THE COURT REPORT
Marape Removed NHEL Management Now He Should Investigate Them
...Finance Minister gave orders to wind up NHEL, those involved in this potential sham quickly sort a default judgement before NHEL went under, so that K200,000 could be transferred from NHEL accounts, to B3 Hires’ account, where it could be shared out among co-conspirators – presumably current or former NHEL management. Lets be clear PNGi has no evidence to suggest...
PNGi INVESTIGATES
The Australian dream team, that wasn’t
...for the taxpayer and public. gallery narrative gallery narrative narrative narrative narrative narrative narrative Staff Reporters Sale of a Century Properties bought by a lucky few for K500,000-K600,000 are now being sold as new for K1 million. The Public Private Partnership The PPP In 2015, the shady state enterprise, National Housing Estates Limited (NHEL), announced a new public-private partnership (PPP)...
THE TOKAUT BLOG
Rejoice! National Housing Estates Limited Is No More
...submit annual returns to the corporate registry, despite numerous requests, and even more numerous promises from NHEL management. Keep in mind here that NHEL was evidently handed the deeds to public housing worth in the tens of millions – while also being the recipient of budget support from the government. Insider sources have made serious allegations of impropriety against NHEL...
THE TOKAUT BLOG
National Housing Corporation: Still Rotten
...the same years. Indeed, NHEL executive chairman Kevin Aihipum told the Post-Courier in early 2017: “We have engaged an accredited accounting firm and people from the Auditor General’s office to go through our books in preparation to submit a final report to IPA”. Still the wait continues. Screenshot: The National Housing Estate Limited’s last annual return was submitted in 2009....
PNGi INVESTIGATES
PM’s Right Hand Man in Gabutu Palace Bonanza
...blog, ‘O’Neill backs up his lies with extreme violence,’ public statement, 31 July 2017, accessed on 2 September 2017 [2] In August 2017, the new housing Minister John Kaupa directed a major audit to be done by the office of the Auditor-General of both NHC and NHEL. “They are numerous court proceedings against NHC, and too many investigations ongoing that...
PNGi INVESTIGATES
Elite network behind Paga Hill Estate
...Government has time and time again rallied behind the venture. Ministers have issued supportive press statements, the government real-estate firm NHEL agreed to partner in the project on a 50/50 basis, and the development is now receiving generous tax breaks. This is nothing new, from the project’s very inception in 1996 the executives pushing this luxury estate have proven adept...