P125-M OVP confidential funds were spent in just 11 days, not 19, says Quimbo

Manila Bulletin

The Office of the Vice President (OVP) spent P125 million worth of confidential funds in just 11 days, and not 19 days as previously thought.   Thus, bared Marikina City 2nd district Rep. Stella Quimbo on Monday, Sept. 25 as she sponsored the 2024 budget of the Commission on Audit (COA) on the House plenary floor. (Video Courtesy of House of Representatives)  READ: https://mb.com.ph/2023/9/25/p125-m-ovp-confidential-funds-were-spent-in-just-11-days-not-19-says-quimbo   Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin  Visit our website at http://mb.com.ph Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manila_bulletin Instagram: https://instagram.com/manilabulletin Tiktok: https://www.tiktok.com/@manilabulletin  #ManilaBulletinOnline #ManilaBulletin #LatestNews

Transcript

00:00 Madam Speaker, according to the recent discussions, the OVP is spending P125 million in 11 days,

00:13 only 19 days, which seems like a very short time.

00:18 Madam Speaker, can you confirm what happened?

00:28 Madam Speaker, from the OVP, it says December 13 to December 31, so 19 days.

00:41 Madam Speaker, the truth is, I was also surprised when I read the news that it seems like the

00:56 OVP is spending P125 million in 19 days.

01:06 I asked COA and I looked at various reports, but it is not spending in 19 days.

01:26 If not 11 days.

01:32 Madam Speaker.

01:35 Now Madam Speaker, 11 days, it's hard to think because if it's surveillance, it's a reward

01:46 payment that will reach 11 million per day.

01:53 So Madam Speaker, it's 11 days.

01:57 I just confirmed Madam Speaker, it says 11 days.

02:03 When was the OVP's liquidation submitted to the expenses discussed?

02:11 The liquidation report, Madam Speaker, was submitted on January 17, 2023, Madam Speaker.

02:19 Thank you Madam Speaker.

02:20 Madam Speaker, is the audit of all of these expenses completed?

02:27 Madam Speaker, the audit is ongoing.

02:31 And this morning, I learned that COA has already given its preliminary observations to the

02:45 Office of the Vice President.

02:48 And they have issued their audit observation memorandum, Madam Speaker.

02:57 So Madam Speaker, there is no credit notice issued?

03:02 None, Madam Speaker.

03:06 If there is a problem, has AOM issued it?

03:12 That's right, Madam Speaker.

03:16 Is there an issue or problem with the audit of these expenses?

03:24 Of the 125 million percent that was done in 11 days?

03:30 So Madam Speaker, I will repeat that the audit is ongoing and AOM has preliminary findings.

03:41 And again, AOM has a confidential nature, even though we can say that AOM conveyed a

03:55 request for additional documents from the Office of the Vice President to explain some

04:06 of the expenses, Madam Speaker.

04:09 Thank you.

04:10 Thank you.

04:15 [BLANK_AUDIO]

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