Te Aupouri Maori Trust Board has closed its offices in Kaitaia, board chairman Raymond Subritzky issuing a statement on Tuesday saying that it was facing "challenging financial circumstances" and had initiated an in-depth audit and review to fully investigate the situation.
The board had ceased a number of its operations and social service delivery programmes at 5pm on Tuesday, he added, but was working to ensure important community services were transitioned to alternative providers so that whanau would not lose access to the support they needed.
The "circumstances" had resulted in a number of job losses, and the board wished to thank its staff for their dedicated commitment to the work that Te Aupouri Maori Trust Board had undertaken on behalf of its people over the years.
The board was making every effort possible to assist its staff through "this difficult period" to help find alternative employment and provide support.
A hui would be called for iwi members once the financial audit was completed to share the findings and answer any questions.