NEA: 14 NOCECO officers liable for alleged improper spending

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Negros Occidental News

Philippine News,Visayas

NEA Administrator Antonio Almeda says is was based on an audit on the Negros Occidental Electric Cooperative that covered its operations from August 1, 2019 to April 30, 2023

BACOLOD, Philippines –The National Electrification Administration has found 14 officers of the Negros Occidental Electric Cooperative for alleged improper disbursements.NEA Administrator Antonio Almeda said the agency audit, which covered the period August 1, 2019 to April 30, 2023, was conducted in June 2023.

“Former GM Discaya was found to have been unduly granted and received at least P20,128,907.28, representing improper increases in his salary and per diems as a CM of NOCECO, excess gratuity pay, travel expenses and other benefits,” the agency added. NEA said its Electric Cooperative Audit Division found that improper disbursements were made by the NOCECO management and the board of directors classified due to the following: “ For being above and beyond the allowable thresholds under the relevant NEA Rules and Guidelines; or being made without NEA’s explicit approval; and despite NOCECO’s attention being called in previous audit findings, for being made with the deliberate failure to submit the appropriate Board Resolutions required by NEA...

Almeda said NEA has referred the matter to the Department of Justice “for the possible prosecution of criminal liabilities.”

 

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