Ol Ramon Zagala Identified The Retained Bank Accounts And Reason For Doing So Quot First Is Account Number 00 140 102888 6 Of Ucpb United Coconut Planters This Payment Procurement Under Afp Modernization Program There Are Several Multi Year Contracts Being Serviced By News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AFP spokesperson, Col. Ramon Zagala (File photo) MANILA - The Armed Forces of the Philippines (AFP) said it has closed 15 out of the 20 bank accounts reported as unauthorized by the Commission on Audit (COA) but it expressed hope that it will be allowed to retain the remaining five, saying these are needed for essential purposes. In a statement late Sunday, AFP spokesperson, Col. Ramon Zagala identified the retained bank accounts and the reason for doing so. "(First is) Account Number 00-140-102888-6 of UCPB (United Coconut Planters Bank). This account is for payment of procurement under the AFP Modernization Program. There are several multi-year contracts being serviced by this account," he added. Zagala said closing this account now will jeopardize the payment schedule for these contracts. "We have requested the Permanent Committee to retain this account until the procurement it is supporting is completed," he added. Established in 1987, the Permanent Committee mo ....

The Philippines , Ramon Zagala , Modernization Program , Real Estate Office , Land Bank , United Coconut Planters Bank , Educational Benefit System Office , Permanent Committee , Commission On Audit , Armed Forces Of The Philippines , Department Of Budget , Armed Forces , Account Number , Benefit System Office , Awards Committee , Afp Spokesperson , Ol Ramon Zagala File Photo Manila The Armed Forces Of Philippines Afp Said It Has Closed 15 Out 20 Bank Accounts Reported As Unauthorized By Commission On Audit Coa But Expressed Hope That Will Be Allowed To Retain Remaining Five , Aying These Are Needed For Essential Purposes Ina Statement Late Sunday , Afp Spokesperson , Ol Ramon Zagala Identified The Retained Bank Accounts And Reason For Doing So Quot First Is Account Number 00 140 102888 6 Of Ucpb United Coconut Planters This Payment Procurement Under Afp Modernization Program There Are Several Multi Year Contracts Being Serviced By , Uot He Added Zagala Said Closing This Account Now Will Jeopardize The Payment Schedule For These Contracts Quot We Have Requested Permanent Committee To Retain Until Procurement It Is Supporting Completed , Uot He Added Established In 1987 , He Permanent Committee Monitors Activities And Balances Of All Funds The National Government Other Than General Fund Body Is Composed Secretaries Department Finance Budget Management As Heads , Ith Officials Of The Coa As Members , N Its 2020 Audit Report On The Afp General Headquarters , Aid The Military Is Maintaining 20 Bank Accounts Containing More Than Php1 8 Billion Without Written Authority Of Permanent Committee Zagala Said Second Account 0582 1004 97 With Land Philippines Supports Afp Educational Benefit System Office That Pays For Scholarship Children Soldiers Who Died And Or Wounded In Line Duty Quot This Fund Comes From Donations We Request Be Retained Reason Stated Above ,