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Former Fijian Holdings Chief executive officer Sitiveni Weleilakeba has been appointed manager of the Papua New Guinea Defence Force (PNGDF) retirement benefit fund.
The appointment was made by the Governor of the Bank of Papua New Guinea Loi Bakani.
In 1975, the PNG government took over the administration of the Defence Force Retirement Benefit Fund (the Fund) from Australia for the PNG Defence Force.
A public notice states Weleilakeba's appointment was to ensure members funds were protected.
Waleilakeba is a former CEO of Fijian Holdings Limited.
SOURCE: PNG GOVT/PACNEWS
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