THE Commission on Audit (CoA) has submitted four more fraud audit reports to the Independent Commission for Infrastructure (ICI), uncovering more than P325 millionTHE Commission on Audit (CoA) has submitted four more fraud audit reports to the Independent Commission for Infrastructure (ICI), uncovering more than P325 million

CoA flags P325M in missing Bulacan flood structures

THE Commission on Audit (CoA) has submitted four more fraud audit reports to the Independent Commission for Infrastructure (ICI), uncovering more than P325 million in Bulacan flood control projects where structures were missing or built outside approved locations.

In a statement dated Jan. 16 and released on Tuesday, the state auditor cited “systemic misuse of public funds” within the Department of Public Works and Highways (DPWH) Bulacan 1st District Engineering Office.

The findings pointed to “ghost projects,” unauthorized site relocations and payments for infrastructure that predated contracts.

CoA said DPWH representatives directed inspectors to locations different from approved plans “without any approved revised plans or written authority to justify the relocation,” violating procurement and contract rules.

Auditors used drone surveillance and historical satellite imagery to expose irregularities in contracts awarded to Wawao Builders and Darcy and Anna Builders & Trading across four municipalities from July 2022 to May 2025.

In Malolos City, a P74.1-million riverbank protection project in the village of Babatnin was flagged after satellite data showed the structure existed nearly a year before the contract.

In Hagonoy, a P77.2-million project was declared 100% complete, though the structure was found roughly 694 meters from the approved site. In Guiguinto, a P96.5-million project showed discrepancies in length and cross-sections, which CoA said “seriously undermine the credibility of reported accomplishments and payments made.”

The audits follow an August 2025 directive from CoA Chairman Gamaliel A. Cordoba to address public concerns over ghost projects and corruption in critical infrastructure.

A total of 18 people — including district engineers, project engineers, section chiefs and representatives from the two construction firms — were named as potentially liable and could face graft, malversation and falsification charges.

President Ferdinand R. Marcos, Jr. has yet to decide the future of the ICI, the fact-finding body reviewing the projects, according to Malacañang.

“For now, and as the President has also said, it still depends on the work done, and it needs to be seen how far the ICI has gone in their tasks,” Palace Press Officer Clarissa A. Castro told a news briefing.

The ICI, established through Executive Order No. 94 in September, has only its chairman, Andres B. Reyes, Jr., remaining after two commissioners resigned last year, citing completed work.

Ms. Castro said if the body were dissolved, the Office of the Ombudsman and Department of Justice would continue the investigation.

President Marcos said last week that the commission is “coming toward the end” of its run. He noted that new appointments would depend on whether further work is needed.

The Bulacan flood control scandal, which has drawn public outrage, involves billions of pesos in alleged kickbacks by government officials and contractors.

The climate-vulnerable country has long struggled to protect communities from floods despite repeated infrastructure spending.

Mr. Marcos first flagged the collusion in his July 2025 State of the Nation address and established the ICI to investigate and eventually refer cases to the courts. — Chloe Mari A. Hufana

Market Opportunity
Alliance Games Logo
Alliance Games Price(COA)
$0.002932
$0.002932$0.002932
-1.04%
USD
Alliance Games (COA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

The post Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment? appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 17:39 Is dogecoin really fading? As traders hunt the best crypto to buy now and weigh 2025 picks, Dogecoin (DOGE) still owns the meme coin spotlight, yet upside looks capped, today’s Dogecoin price prediction says as much. Attention is shifting to projects that blend culture with real on-chain tools. Buyers searching “best crypto to buy now” want shipped products, audits, and transparent tokenomics. That frames the true matchup: dogecoin vs. Pepeto. Enter Pepeto (PEPETO), an Ethereum-based memecoin with working rails: PepetoSwap, a zero-fee DEX, plus Pepeto Bridge for smooth cross-chain moves. By fusing story with tools people can use now, and speaking directly to crypto presale 2025 demand, Pepeto puts utility, clarity, and distribution in front. In a market where legacy meme coin leaders risk drifting on sentiment, Pepeto’s execution gives it a real seat in the “best crypto to buy now” debate. First, a quick look at why dogecoin may be losing altitude. Dogecoin Price Prediction: Is Doge Really Fading? Remember when dogecoin made crypto feel simple? In 2013, DOGE turned a meme into money and a loose forum into a movement. A decade on, the nonstop momentum has cooled; the backdrop is different, and the market is far more selective. With DOGE circling ~$0.268, the tape reads bearish-to-neutral for the next few weeks: hold the $0.26 shelf on daily closes and expect choppy range-trading toward $0.29–$0.30 where rallies keep stalling; lose $0.26 decisively and momentum often bleeds into $0.245 with risk of a deeper probe toward $0.22–$0.21; reclaim $0.30 on a clean daily close and the downside bias is likely neutralized, opening room for a squeeze into the low-$0.30s. Source: CoinMarketcap / TradingView Beyond the dogecoin price prediction, DOGE still centers on payments and lacks native smart contracts; ZK-proof verification is proposed,…
Share
BitcoinEthereumNews2025/09/18 00:14
Seeker (SKR) will soon be listed on Bybit Spot, Alpha, and Byreal.

Seeker (SKR) will soon be listed on Bybit Spot, Alpha, and Byreal.

PANews reported on January 21 that Bybit will launch Seeker (SKR) on its spot, Alpha, and Byreal platforms. Users can quickly trade without setting up a separate
Share
PANews2026/01/21 08:20
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39