The principal director of the Royal Assembly of Nations and Kingdoms says the 350 million dollar offer is legitimate.
Noah Musingku, who formed the U-Vistract pyramid scheme, which lost millions of dollars, and is wanted by PNG police, calls the offer a " freedom grant to finance the rebuilding of the country"
He says the Solomon Islands government is not expected repay the grant until it is in a financial position to do so.
Mr Musingku says there are no loan conditions on the grant which he says comes from revenue earned from the Royal Assembly's 24 offshore banks.
He claims the Assembly is aiming to alleviate world poverty.
"We're not receiving anything from it. It is based on the principle of love, we care for people. When people are happy, we are satisfied that we have done our part. We are a system, we are not a scheme, we are not just a bank, but we have a total of 24 banks that can create money as well as earn money. From that banking system we now help people who are suffering. The government, if they come to a level where they are now able to make enough for themselves as surplus then they can begin to repay."
Noah Musingku is dismissive of allegations from law enforcement authorities that he had been running an illegal pyramid scheme in PNG and rejects suggestions he is a con artist.
He says that the headquarters of the Royal Assembly are based in the so called Independent State of Mekamui on Bougainville.
Mekemui is the territory on Bougainville controlled by former militant leader Francis Ona.
According to the the Assembly's website, Mekamui has been renamed to the Kingdom of Papala and countries and organisations are invited to be part of the group.
To become an Assembly member or to participate in the group's international banking system, countries or organisations would need to pay a membership fee of up to 10 million US dollars.
