Business News

Supreme Court Grants Orders, Refraining Parties From Interfering with Money Talks Limited


By Jack Lapauve Jnr – EM TV, Port Moresby

The Supreme Court has restrained parties from interfering with Money Talks Limited over its properties in Lae, Morobe province.

Owner of Money Talks, Mathew Minape, said the court order is a relief after being in court for almost 18 years. The supreme court order was effective on the 8th of April 2015.

Minape’s struggle in court battles over land issues in Lae is slowly seeing some light. This week his business Money Talks Limited was granted orders by the Supreme Court that prevents anyone from interfering with the company, including demolition exercises on his properties.

The Supreme Court found that there was an apparent error committed by the Lae National Court when dismissing proceedings. Now the Morobe Provincial Physical Planning Board, Morobe Provincial Government and the Lae Urban LLG or other entities will not interfere with works on Money Talks properties.

Businessman, Mathew Minape alleges that all necessary documents were granted by relevant authorities to acquire land for development.

For the past 15 months land tussles in Lae City has been evident with controversies over the Angau Hospital and other prime land in the city.

Land has now become a scarce commodity leaving unanswered questions to land ownership and its development.

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