Reorganization of board members in NISCOL

Tiro Vanua of West Ambae has been appointed a new Board Member representing Penama Province of the Northern Islands Stevedoring Company Limited (NISCOl). He takes over from Lonsdale Hinge from Pentecost, the Accountant of Penama Provincial Council, who held the position for a number of years.
At the same time, for the first time in NISCOL’s history, from Malo Island, John Vanua, has been appointed a Board member for Sanma Province. He replaces a member from Big Bay, Santo.

Santo Island has other members in the Board. They include one member from South Santo, the Chairman of Sanma, Sandy Iavkut and the Secretary General of Sanma, Joel Path who is a shareholder’s representative for Sanma Province.
The Board members for the other shareholders are Henry Nin, the Acting Accountant of NISCOL for Torba Province and John Morrison Willie, Acting Chief Executive Officer for Malampa Province.

Meanwhile, it’s been reported that since the Government’s action to remove the management and the Board of NISCOL in March in an attempt to stop reported mismanagement and appoint new Board members, every outstanding salary for the company’s workers has now been paid off.
The Minister of Internal Affair, George Wells responsible for the government decision disclosed that in addition, over Vt20 million in outstanding payments to VNPF, VAT outstanding of Vt500million and fuel bill outstanding to South Pacific Petroleum have been fully settled.

He said that additionally, the company is also starting to pay off the outstanding bills for electricity, telecommunication and to other suppliers. These outstanding had accumulated and were left unpaid during the tenure of the previous management.
It has also been reported too that the new management has retrieved information that showed substantial amounts of cash advances made during the days of the previous management which the new management is looking at dealing with.