Tisa branch in Wewak remains closed after robbery

Business

THE Teachers Savings and Loans Society (Tisa) branch in Wewak, East Sepik, will remain closed indefinitely due to a robbery this month.
Tisa chief operating officer Luke Kaul, who could not disclose the details of the robbery, said Tisa had identified that there were serious risks to the lives and safety of its staff, members and property in the premises.
The branch was held up on July 1.
“We are closely monitoring the situation,” Kaul said. “Business actions and decisions are being taken to resume services for members in Wewak as soon as practical, that is our focus and very important to Tisa.”
He said members would be advised accordingly through the branch and local media.
Tisa membership consists of mostly registered teachers and public servants nationwide.
Current branch network extends to 14 branches nationwide.
It is the society’s intention to establish branches in all the provinces in Papua New Guinea where feasible.
Tisa was established in 1972 and has 65,000 members across Papua New Guinea.

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