This forms part of the total $40 million Nauruans lost in the banking collapse.
An initiative of President Waqa, Parliament approved the payment during the last sitting, and Finance Minister David Adeang revealed the funds were deposited into recipients’ Bendigo Bank accounts last Thursday and Friday.
Mr Adeang said many Nauruans lost large amounts of money, which people never expected to see again, particularly after the previous administration wrote off ninety per cent of the total amount.
