Wednesday, July 22, 2026
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Wednesday, July 22, 2026

PAC Continues VT180 Million Fund Investigation

The Public Accounts Committee (PAC) has continued its investigation into the Government’s VT180 million Value Addition Investment Capital Fund, questioning members of the fund’s Steering Committee over the fund’s approval process and whether some recipients met the required eligibility criteria.

The hearing focused on how the fund was administered and whether all successful applicants satisfied the required criteria before receiving financial support.

PAC member MP Andrew Wilbur Napuat says as Vanuatu continues its fight against corruption, everyone has a responsibility to ensure allegations are properly addressed.

He questioned what action the Government would take if wrongdoing is identified.

“What is the Government’s position on this? They are in the best position to deal with it. If we do not deal with these kinds of corrupt practices, it means we are allowing corruption to continue within Government.”

Mr Napuat says the Opposition will submit evidence to police for further investigation, but believes the Government is in the strongest position to ensure any findings from the PAC inquiry receive appropriate action.

@vbtcnews

The Public Accounts Committee (PAC) is continuing its investigation into the VT180 million Value Addition Investment Capital Fund. As part of its inquiry this month, the Committee held a public hearing with the Fund’s Steering Committee, examining the funding process and whether some recipients met the eligibility requirements to receive financial support. Speaking to VBTC, PAC member MP Andrew Wilbur Napuat questioned what action the Government will take after hearing the Committee’s findings. “What is the Government’s stand? I think they are in the best position to deal with it, after hearing some of the findings from the hearing this month,” Mr Napuat said. He said addressing corruption is everyone’s responsibility and confirmed that the Opposition intends to submit evidence gathered during the inquiry to Police for further investigation. Mr Napuat also said the PAC will provide its findings and evidence to both the Government and Opposition to support any further action. The Committee is expected to continue its inquiry with a public hearing involving the Board of Governors of the Value Addition Investment Capital Fund.

♬ original sound – VBTC NEWS – VBTC NEWS

He says PAC will also provide its evidence to both the Government and the Opposition to support any further investigations.

“Government, Opposition, Police, prosecutors and public servants must work together if we want to eliminate corruption. We all have a role to play in ensuring corruption does not continue within the Government system.”

The PAC investigation into the VT180 million Value Addition Investment Capital Fund is continuing, with further hearings expected as the Committee progresses its inquiry.

This flows more naturally than inserting the Bislama sentence on its own, while preserving the meaning of his remarks and keeping the story balanced.

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