By Alfred Sasako
THE National Provident Fund (NPF) appears to have ventured into commercialising ownership of sporting facilities by buying Our Telekom’s Sports field and staff club house at Ranadi
The deal was apparently kept under wrap until it was completed earlier this week, according to information obtained by Island Sun.
It is unclear as to why the NPF had bought the sports field and staff clubhouse. Island Sun was unable to contact the NPF Management last night.
A call to Our Telekom’s Chief Executive Officer, Loyley Ngira yesterday evening went unanswered.
NPF’s purchase of the sporting facility is the first by the people’s superannuation and could backfire on the management and Board.
NPF Chairman Peter Boyers could not be reached for comment last night.
Equally, Our Telekom staff are certain to be angered by the sale as they will no longer have any recreational facilities in Honiara.