Monday, November 3, 2014

COA orders return of P815M illegal benefits

See - COA orders return of P815M illegal benefits





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MANILA, Philippines – A total of P815.42 million in unauthorized incentives should be returned to government coffers by officials and employees of 23 government-owned-and-controlled corporations (GOCCs), the Commission on Audit (COA) said.
The said illegal benefits – including allowances, benefits, and incentives – were disbursed in 2013 by the GOCCs, according to the COA's 2013 Annual Financial Report on GOCCs.
The report said these "personnel allowances, benefits, bonuses, [and] incentives [were] granted or paid without legal basis." Employees and officials are ordered to refund the amounts they received.
The Local Water Utilities Administration (LWUA) led the list of agencies with illegal benefits, disbursing a total of P436.18 million.
The GOCCs with the biggest unauthorized disbursements are:
  1. Local Water Utilities Administration (LWUA), P436.18 million
  2. Duty Free Philippines Corp. (DFPC), P141.27 million
  3. Home Development Mutual Fund (Pag-Ibig Fund), P130.38 million
  4. National Housing Authority (NHA), P48.71 million
  5. Overseas Workers’ Welfare Administration (OWWA), P14.36 million
  6. Development Bank of the Philippines (DBP), P11.71 million
  7. Metropolitan Waterworks and Sewerage System (MWSS), P9.92 million
  8. National Transmission Corp. (TransCo), P5.74 million
  9. National Power Corp. (NPC), P4.70 million
  10. Light Rail Transit Authority (LRTA), P2.91 million."