Muntinlupa City Government Clarifies It Has No Loan With Landbank – Manila Bulletin
The Muntinlupa city government clarified that it had not received any loans from the Landbank of the Philippines.
Landbank has issued a certification that Muntinlupa town government has no loan from the bank.
“This is to certify that according to the records of this office, Muntinlupa City Government now has an ongoing levy as of December 31, 2021,” according to the certification issued by Landbank and signed by Lani Pornuevo, Head of Department, Department management of lending operations.
Muntinlupa City Treasurer Erwin Vibora also issued a statement on February 22 to say that the city government had not received any loans from Landbank.
“Last year, Muntinlupa was included in Landbank’s ‘Rise Up LGU Lending Program’, a program that aims to lend funds to local governments to help boost the local economy and recover from the effects of the pandemic. of COVID-19,” Vibora said.
He added that although Muntinlupa has been included in the program, the city government has enough funds to finance the construction of Muntinlupa New Town Public Market, Muntinlupa Town Aquatics Centre, Sucat high school and other projects included in the local development plan or annual investment. City map.
“Due to efficient management of finances, so far Muntinlupa city government has not availed the reserve loan from Landbank,” he said.
The city government clarified after text messages emerged that an alleged loan of 1.2 billion pesos from Landbank was being used to fund municipal projects.
In March 2021, the Municipal Council of Muntinlupa passed an ordinance authorizing Mayor Jaime Fresnedi to enter into a loan agreement with Landbank in the amount of 1.2 billion pesos to finance various projects. The city government did not receive a loan from the bank.
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