Unconfirmed receipt of NHA share from military camp proceeds
National Housing Authority · 2022
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency may not have correctly received or accounted for its share of money from the sale of military camps, and there are unresolved questions about how some of that money was used.
Why It Matters
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Original Audit Finding Excerpt
"Apparently, the amount of P1.050 billion was downloaded to NHMFC, P700 million to NHA, and P50 million to HIGC. Only NHMFC confirmed the receipt from the BTr."