Gov. Lee, LBP MOA on 350 million loan opposed

Letters to the Editor,

I would to inform the people of Sorsogon that the undersigned registered my opposition in the strongest terms against the Memorandum of Agreement (MOA) between Sorsogon Gov. Raul R. Lee and Land Bank of the Philippines (Legazpi Branch) relative to the P350.0 M Loan which was signed today October 19, 2011, witnessed by majority members of the Sangguniang Panlalawigan. This MOA is scheduled to be ratified, confirmed and approved in a resolution form by the Sangguniang Panlalawigan on Friday, October 21, 2011.

An irregularity can be easily traced on the sequence of events prior to signing of the aforesaid MOA. On October 5, 2011, Gov. Raul Lee wrote a letter to the Sangguniang Panlalawigan Members enjoining specially its Presiding Officer, the Chairs and Members of the Committee on Budget and Appropriations and the Committee on Public Works, Infrastructure and Highways to be present in the signing of the MOA relative to the Loan of the Provincial Government of Sorsogon with the Land Bank of the Philippines. That signing will be held on October 19, 2011, 9:00 am at the LBP Legazpi City Office. Now, why did Gov. Raul Lee dated his letter to Sangguniang Panlalawigan on October 5, 2011? Obviously, the approval of this controversial loan was pre-arranged by Gov. Raul Lee with the officials of the LBP Legazpi City Office as cohorts.

Please note that the letter of Mr. Hil Benedict G. Manzanadez, Dept. Manager and Head LBP Legazpi City Office is dated October 17, 2011 when he notified Gov. Raul R. Lee about the LBP approval of the P350.00 M loan. This letter was received by the Office of the Governor only yesterday, October 18, 2011.

My opposition against the ratification, confirmation and approval of this gargantuan LBP Loan, among others, are as follows:

1. The people of Sorsogon will remember October 19, 2011 as a black day our poor province will be sunk deeper to the oblivion by the gargantuan P350.0 million loan by Gov. Raul R. Lee. Many believe that our province will never move forward in the proper direction, ACCOUNTABILITY and TRANSPARENCY to the Filipino people is not upheld by most of our provincial officials. Without this basic tenet of good governance, the culture of impunity and shameless corruption will continue to pervade throughout our provincial government, leading to more poverty for our poor people.

2. Up to now, the Sangguniang Panlalawigan including the undersigned has not yet received any copy of the auditing and accounting report on the previous P260.0 M LBP Loan obtained by former Gov. Sally A. Lee. We, the present SP Members and the public as well, have the right to know the status or what the hell happened to the previous Administration’s loan, to determine whether or not said loan was really needed and was properly utilized or spent for the very purpose for which it was applied for.

3. The pending election protest against Gov. Lee docketed as Comelec Case No. SPA 09-187 (DC) entitled, Jose G. Solis versus Raul R. Lee filed last December 19, 2009 around 11:45 AM which is a Petition for Disqualification and Cancellation of Certificate of Candidacy. Case status – ACTIVE.

4. A civil case filed against Gov. Raul Lee led by Matnog Parish Priest Fr. Alexander Jerus, the Alyansa Laban sa Mina sa Matnog (ALMMA), Bayan Sorsogon and private individuals residing in the Municipality of Matnog opposed the iron ore mining operation in Barangay Bolacawe, in Matnog town for total violation of R.A. 7076 otherwise known as the People’s Small Scale Mining Act, R.A. 7942, the Philippine Mining Act, R.A. 7160, Local Government Code. Now pending before the Regional Trial Court in Sorsogon City.

5. A Graft and Corrupt Practices case against Gov. Raul Lee is now pending before the Sandiganbayan involving the alleged anomalous implementation eight years ago of the province’s Distance Learning Center Program (DLCP) involving P22 million pesos in funds sourced thru LBP and PNB loans.

6. And the most popular of all is the graft case of Gov. Raul Lee’s alleged direct involvement in the controversial P728.00 M fertilizer fund scam. Both graft charges have been elevated to the Sandiganbayan by the Ombudsman.

7. The LBP Notice of Loan Approval states that it is a violation under its General Terms and Conditions, Item No. 1 which provides that the LBP reserves the right to withhold loan releases should there be a case filed against the LGU or its officials involving the project to be financed. But Governor Lee is the top Sorsogon official who signed this MOA and who will also administer and handle all fund releases of all projects under this P350.0 M loan. We all know that Mr. Lee is already saddled by several criminal, anti-graft and corrupt practices cases pending before the Sandiganbayan and other courts. What kind of evaluation was conducted by LBP and the Sangguniang Panlalawigan? Where is logic here? Hindi ba ito ang nauuso sa buong mundo na corporate greed. O ang tinatawag na bureaucratic capitalism?

Instead of condemning and sanctioning the questionable actions of the provincial governor, will it not appear that the Sangguniang Panlalawigan and Land Bank of the Philippines (Legazpi Office) have conveniently colluded with each other in tolerating the wrongdoings of Gov. Raul Lee by granting this mind boggling P350.0 million loan which shall be paid by the people’s money? This P350.0 M loan is the biggest loan in the history of Sorsogon. The justification and the necessity of this loan is practically nil. If no one from my distinguished colleagues in the Sangguniang Panlalawigan do not see anything wrong about this huge P350.0 M LBP loan and other previous loans, something must be very wrong somewhere. Shall LBP and SP allow themselves to be like the three monkeys? SEE NO EVIL, TALK NO EVIL AND HEAR NO EVIL.

In sum, ratifying this Memorandum of Agreement by a majority vote of the Sangguniang Panlalawigan Members, such measure will only further inflame the peoples distrust to the Sorsogon provincial officials. Sangguniang Panlalawigan will appear endorsing the people’s hard-earned money to a governor beseted by several anti-graft and corrupt practices cases and whose integrity is already in serious doubt.

Let us all unite and protect the people’s money. Let us denounce the Land Bank of the Philippines (Legazpi Office) and identify those people responsible for the approval of the loan passage for NOT exercising due diligence, prudence and sound judgment in evaluating the Sorsogon loan application for purposes of transparency and accountability at all times. LBP corporate decision is also NOT in consonance with President Aquino’s “MATUWID NA LANDAS.”

God bless us. Thank you.

Very truly yours,

VLADIMIR RAMON B. FRIVALDO
Board Member, 2nd District of Sorsogon
Sangguniang Panlalawigan
Sorsogon City
October 19, 2011

Posted by on October 21, 2011. Filed under Letters to the Editor. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

One Response to Gov. Lee, LBP MOA on 350 million loan opposed

  1. news today live Reply

    October 26, 2011 at 11:28 am

    up but it’s nothing to brag about nevertheless. None of my stuff’s been posted. Quickly as I determine out how to do that, I’ll spend the afternoon submitting

Leave a Reply

Your email address will not be published. Required fields are marked *