Payments made by the Makati City government in 2017 to the Land Bank of the Philippines for loans obtained by previous administrations for the period 2012 to 2016 are not being questioned by the Commission on Audit (COA) for regularity or legality. Makati City Administrator Claro F. Certeza issued the clarificationThursdayas he stressed that under the current administration of Mayor Abby Binay, Makati received from COA its first-ever unqualified (unmodified) audit opinion in 2017 citing the accuracy, completeness and fairness of the city's financial statements. "COA's audit findings were limited to recommendations as to where the loan payments should b...
Keep on reading: No irregular Land Bank loan payments per COA, says Makati exec
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