Trans Wonderland Limited Managing Director Larry Andagali has called on Mineral Resources Development Company to present its audited accounts, tax and IPA returns in order to allow them to manage landowners’ funds.
“All umbrella companies have contributed to the success of TWL and the benefits are generated and shared only when we have a good governance structure.”
“There were some letters written and I have seen them floating around on social media and do not know whether they are true or not, but my people’s money, Gigira Laitepo’s prophetic money is still sitting in trust, not long it will be released to MRDC.”
“MRDC needs to come and tell me that you can do better, because MRDC’s objective is to basically represent landowners because we landowners did not know how to manage our funds. Oil and gas were once new and we were not able to manage our own funds.”
“Now we are able to manage our own funds, we are able to pay our dividends and add value. They need to come and tell us that they can do better than TWL, then I will be happy to allow them to manage our equity and royalty funds.