This statement can be attributed to Nambawan Super CEO Mr. Paul Sayer
Nambawan Super Limited (NSL) is seeking payment of its outstanding rental arrears after the
State failed to make scheduled payments for the months of February, March, April, May and
June this year.
The State’s rental arrears now total over K108 million as at 30 June 2023. This is comprised of
K50 million accrued in 2023, and K58 million outstanding from several years prior to 2023.
Last year, NSL and the State reached an agreement whereby the State would settle the
remaining balance of its rental arrears in K10 million monthly instalments. The installment
includes K5 million per month to clear the outstanding accrued from prior years, and K5 million
to pay it’s current months rental. The State met the January 2023 installment, but has since not
made any further payments.
State Departments currently occupy NSL’s Revenue Haus, Vulupindi Haus, Eda Tano Haus,
AOPI Centre and the Treasury Building in Port Moresby, and NSL Haus in Lae.
NSL continues to follow up with the State to meet it’s obligations, in the interest of it’s
Members’. The settling of these rental arreas and consistent monthly payments going forward,
is crucial to ensuring that NSL Members, which include the very staff that are employed by
these State Departments, are able to receive the appropriate return on their investments in
these properties.
