DILG closes 4 trust fund accounts after being flagged by COA

MANILA, Philippines — The Department of Interior and Local Government (DILG) has decided to close four of its trust fund accounts amounting to over P12.9 million after it was flagged by the Commission on Audit (COA). In a statement on Saturday, the DILG said its four trust fund accounts at the Land Bank of the Philippines (LandBank) were flagged by COA “for unauthorized bank accounts,” stating that their creation and retention as of year end of 2023 “have no legal basis.” “The accounts were used as depository accounts for funds from other national government agencies,” explained the DILG. “The accounts […]…
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