Four years on after the money was borrowed, Lawrence Suzuata, 51 of Lonahan village, Buka has been rearrested by police over the allegations.
He appeared in court on Monday and was told police have completed its investigation files against him.
Magistrate Mekeo Gauli adjourned his case to Feb 16 to allow police time to serve what is called the hand up brief to the defendant.
Suzuata told the court he is yet to engage a lawyer to represent him in court.