Tag: forfeited assets

BOC CONVERTS FORFEITED ASSETS INTO PUBLIC FUNDS

Post author By Miguel Salamanca
Post date June 15, 2026
No Comments on BOC CONVERTS FORFEITED ASSETS INTO PUBLIC FUNDS

The Bureau of Customs (BOC), under the leadership of Commissioner Ariel Nepomuceno, continues to uphold transparency and accountability in the disposition of forfeited goods by ensuring that proceeds from auctions and other lawful modes of disposal are properly recorded, accounted for, and remitted to the national government. As part of this effort, the BOC has […]

Tags auction, BOC, Bureau of Customs, Customs Commissioner Nepomuceno, forfeited assets, public funds

Politics

ESCUDERO FILES BILL TO RAISE FUNDS FOR OMBUDSMAN

Post author By Hazel Chua
Post date May 23, 2023
No Comments on ESCUDERO FILES BILL TO RAISE FUNDS FOR OMBUDSMAN

Senator Chiz Escudero has filed a proposed bill that will enable the Office of the Ombudsman to retain at least 30% of the value of the ill-gotten assets acquired from the forfeiture cases that the government won in courts against corrupt public officials as a move to augment the financial resources of the country’s graft […]

Tags forfeited assets, funds, Office of the Ombudsman, Senator Escudero