Uncollected Loan from Former Congressional Representative
National Housing Authority · 2024
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What Happened?
Category: Receivables ManagementIssue: Non-complianceNHA failed to collect a multi-million-peso loan granted to a former congressional representative for a local water project, violating the project agreement.
Why It Matters
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Original Audit Finding Excerpt
"CY 2021 AAR Observation No. 19, Page 179: NHA did not collect the principal amount of P2.375 million from the then Representative of the Second Congressional District of the Province of Negros Oriental granted in CY 2011 from CISFA's Local Housing Program (LHP) intended to cover the construction/installation of a water distribution system in Brgy. Katacgahan, Bais City Negros Oriental, contrary to the Fifth Paragraph, Article III, Article IV of the tripartite MOA among NHA, Representative of the Second Congressional District of the Province of Negros Oriental and Bais City Water District (BCWD)."