This follows an impressive cash flow reversal for the fund after the CTSL Boards removal mid 2019.
The announcement was made by Statutory Manager, Sitiveni Weleilakeba, CEO Charlie Gilichibi, and PNGDF Commander, Major General Gilbert Toropo.
The announcement comes off the back of a turbulent year in which the entire CTSL Board except PNGDF Chief of Staff, Capt. Philip Poleware, were suspended by the Bank of PNG in July 2019.
The Central Bank was of the view that the then Board did not perform in accordance with the Central Bank regulations and expectations.