COA maintains: Iloilo capitol’s handling of P10M oil spill calamity fund irregular
July 3rd, 2008THE Commission on Audit (COA) in a verification made on last year’s financial transactions of the Iloilo Provincial Government affirmed questionable handling of the Tupas administration on the P10 million Presidential calamity fund.
With six of the fifteen “significant findings” dedicated to the Capitol aid of President Gloria Macapagal-Arroyo, government auditors eventually had to issue “Notice of Suspensions” on at least two purchases made. All six findings also backed earlier Audit Observation Memorandum (AOM) that first brought to light what the Commission referred to as “irregular expenditures.”
WHEN there was a great clamor from the public, including the Senate, for transparency in oil pricing, the Department of Energy committed itself to examine the books of oil companies to find out if the increases in domestic prices of petroleum products were based on increases in the prices of their suppliers, as they claimed.