The Criminal Task Force which was appointed in June 30, 2017 by the Ministry of Justice and Community Services, on recommendation from the Council of Ministers to investigate the recommendations and findings from the Commission of Inquiry into alleged mismanagement of the Vanuatu National Provident Fund has been launched yesterday to commence their investigations.
The Minister of Justice, Ronald Warsal in partnership with the Minister of Finance and Economic Management Gaetan Pikioune have made the launching yesterday as efforts towards implementing the recommendations of the Commission.
Chaired by the Public Prosecutor, the task force members consist of representatives from the Office of the Ombudsman, the Police, Timakata Associates, Manaro Consultant Services and Andrew Kausiama.
“This task force will carry out further assessment of all the materials considered during and contained in the findings of the Commission prior to the briefs being handed over for prosecution.”
The second task force, yet to be appointed will in parallel, carry out out the regulatory reforms of the VNPF, including a complete review of the legal framework and rules governing the VNPF and its investment policy.
Consultations will be done with relevant institutions.
By the transparent process of the COI and the implementation of its recommendations by these taskforces, it is hoped that this would engender a new spirit of modernism, good governance and public accountability, opposed to abuses of authority and property through the institution of new rules and practices aimed at avoiding past mistakes and perhaps more importantly, safeguarding the interests of all VNPF members.
The Taskforces will strive to maintain the highest standard of transparency and integrity in conducting their respective responsibilities.
The Minister for Justice recently observed: ”I am delighted to move forward the restructuring of our superannuation Fund in line with the commitment by the Government to treat VNPF issues as matters of the highest importance and priority beneficial to our citizens.
“We look forward to the completion of this work and its outcomes, and will assist the two taskforces as best as we can.”
The two taskforces have been appointed for a period of 3 and 5 months respectively, in the expectation that the prosecution and regulatory reforms will be completed before the end of the year.