Ex-bank manager calls P37.5M DepEd withdrawals 'unusual'

Nenita Camposano, a former branch manager of the Land Bank of the Philippines, has stated that the P37.5 million cash withdrawals made by the Department of Education (DepEd) during the period when it was under the leadership of Vice President Sara Duterte were "unusual." Camposano pointed out that these large cash withdrawals deviate from standard banking procedures and practices. Typically, substantial financial transactions by government agencies are conducted through more secure and traceable methods such as checks or electronic transfers. Cash withdrawals, unless for specific, justifiable reasons, are generally avoided due to management complexities and potential risks of misuse. This revelation raises questions about the transparency of DepEd's fund management and the accountability for the utilization of public funds. The fact that these withdrawals occurred while the Vice President also held the position of Education Secretary has drawn significant public and political scrutiny. Transparency and accountability in the management of public funds are perennial issues in the Philippines. The former bank manager's testimony is likely to intensify discussions surrounding these critical aspects, particularly concerning an agency responsible for the education of the nation's youth. Further investigation and clarification are expected regarding the specific purposes and circumstances behind these cash withdrawals to ensure public trust and proper governance.