The Independent Commission for Infrastructure in Taguig City on October 21, 2025.The Independent Commission for Infrastructure in Taguig City on October 21, 2025.

ICI now left with just its head Andy Reyes, as second commissioner quits

2025/12/26 10:29

MANILA, Philippines — Rossana Fajardo, one of two remaining commissioners of the Independent Commission for Infrastructure (ICI) that was tasked to probe into the flood control project scandal, is resigning effective December 31, according to her statement on Friday, December 26.

Fajardo, country managing partner at SGV & Co., is the second in what was originally a body of three that was formed to lead an independent probe into anomalies and irregularities in government infrastructure projects in the last decade.

When Fajardo steps down by the end of December, and presuming he stays on, too, former Supreme Court justice Andres Reyes Jr., who chairs the commission, will be the sole commissioner left. Former public works chief Rogelio “Babes” Singson had earlier stepped down as commissioner, citing “very intense and stressful ICI work.”

Those left with Reyes in the ICI as of Friday are members of the working staff, such as executive director Brian Hosaka and special adviser Rodolfo Azurin, a retired police general.

“This can very well be the end of ICI. Dapat kasi meron nang (We should have formed the) ICAIC (Independent Commission Against Infrastructure Corruption) by now,” said Mamamayang Liberal Representative Leila de Lima in a social media post on Friday.

In her statement, Fajardo said: “Since my appointment in September 2025, I have been committed to advancing the Commission’s objectives, particularly in the areas of financial oversight and infrastructure project investigations.”

Must Read

[EDITORIAL] ICI in ICU

“Throughout my tenure, I have developed comprehensive approaches for evidence gathering, prepared detailed work plans, and supervised volunteer efforts in investigations. My contributions have led to recommendations aimed at improving government procurement and budgeting processes related to infrastructure projects. I have completed the work I set out to accomplish when I was appointed, ensuring that the foundational goals of the Commission have been met,” she added.

Before Singson stepped down, he lamented the administration’s lack of financial support for the ad hoc body that President Ferdinand Marcos Jr. himself created. He also pointed out the ICI’s lack of powers, particularly in comparison to similar, though institutionalized, bodies in the region.

Funds for the ICI, as mandated by Marcos’ executive order, were released by the budget department shortly after Singson made the commission’s financial situation public.

Why resign?

Fajardo did not cite personal reasons for stepping down, but said that she “[believes] that the investigative and prosecutorial responsibilities will now transition to other agencies, such as the Department of Justice and the Office of the Ombudsman, which are better positioned to ensure accountability for contractors and government officials.”

Must Read

Goodbye, ICI?

“Additionally, with the recent prioritization of bills for the creation of the Independent Commission Against Infrastructure Corruption and the Independent People’s Commission, a permanent Commission with enhanced powers will be more effective in supporting the Ombudsman’s office in prosecuting parties involved in irregular government infrastructure projects,” she said, referring to one of a handful of measures that Marcos wants Congress to prioritize.

“It has been a profound honor to serve alongside individuals who are deeply committed to transparency and accountability, dedicating themselves selflessly to the Filipino people. I am grateful for the opportunity to contribute to a collective mission that prioritizes the welfare of our citizens,” said Fajardo.

The ICI was created in September 2025, months after Marcos, in his State of the Nation Address, promised to hold accountable personalities who had profited off substandard or non-existent government flood control projects.

Congressional probes paused once the ICI was formed — although the Senate eventually resumed its investigation.

It was meant to spearhead efforts to probe both politicians and contractors — even politicians related to Marcos, like former House speaker Martin Romualdez and presidential son House Majority Leader Ferdinand Alexander “Sandro” Marcos.

Yet even as the ICI’s importance was heralded and its independence, the commission was plagued by its inability to compel people to appear before it. The body was also criticized for coming up short on transparency — because even after it finally gave in and started livestreaming proceedings, politicians could easily request for an executive session to skip real-time scrutiny from the public.

Marcos had earlier promised jail for “many” personalities linked to flood control corruption before Christmas 2025. Several have since surrendered to law enforcement, although one of the most prominent politicians with a standing warrant against him, former appropriations chairperson Zaldy Co, has yet to be tracked down.

Co, a Marcos ally turned accuser, apparently fled the country as soon as probes into infrastructure anomalies started. Philippine authorities are still trying to track down the resigned lawmaker, whose passport has since been cancelled.

The flood control corruption scandal is the biggest crisis that Marcos and his administration has faced. Allegations of wrongdoing — from corruption to glaring conflicts of interest in the executive — have touched most corners of Marcos’ administration. – Rappler.com

Market Opportunity
Nowchain Logo
Nowchain Price(NOW)
$0.00151
$0.00151$0.00151
-1.30%
USD
Nowchain (NOW) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
Share
BitcoinEthereumNews2025/09/18 07:04
As XRP and ETH soar, investors are turning to MSP Miner for $9,250 in daily gains.

As XRP and ETH soar, investors are turning to MSP Miner for $9,250 in daily gains.

MSP Miner lets investors earn up to $9,250 daily from BTC, ETH, DOGE, and more with fully managed, green-energy-powered mining contracts and daily payouts.
Share
Blockchainreporter2025/09/18 06:30