Would we ever have found out if the Commission on Audit (COA) didn’t check?
“The COA revealed that informal settlers are occupying real properties belonging to the Government Service Insurance System (GSIS) valued at PHP8.943 billion,” reports Michael Punongbayan in The Philippine Star.
Considering that the GSIS reportedly owns P10.8 billion worth of real property, informal settlers have certainly taken a lion’s share.
According to the report, the COA blamed the problem on “the non-implementation of the GSIS’s Revised Policy Guidelines on Acquisition, Administration and Disposition of Acquired Assets.” Now, they want legal action taken against the people illegally occupying the GSIS properties.
We say, “Good luck with that.”
Photo from Philippine Information Agency
