Hypocrisy of the National Development Bank Management
Advocate for Indigenous Constructions Industry The National Development Bank (NDB) has major plans on improving its current branch office buildings in preparation for the proposed NDB micro-bank by giving contracts ONLY to Foreign Construction Companies by overlooking qualified PNG Indigenous contractors. It has started with the NDB Wewak branch in East Sepik to be the first to undergo this new deve¬lopment with the construction of a modern two-storey building. The National Development Bank (NDB) and its management needs to be mindful that not all Papua New Guineans are daft. This is open letter of rebuke to the Government and the directors of the National Development Bank and its management team regarding the recent awarding and signing of a K4.9m contract to build NDB bank office in Wewak by a foreign/Malaysian own Construction Company as reported in The National on Friday the 10th June 2011 . Please correct me, Is this not the same National Development and people’s bank under the