COA flags AFP’s unauthorized bank accounts, unliquidated cash advancesMANILA, Philippines — The Commission on Audit (COA) has flagged the Armed Forces of the Philippines (AFP) over its unauthorized maintenance of six bank accounts with a total balance of P72.86 million and unliquidated cash advances amounting to P201.86 million as of end of 2024. The AFP GHQ Central Office was also flagged for P201.86 million in unliquidated cash advances, 82.36 percent of which, or P166.25 million, was classified as past due as they remained outstanding for up to 43 years. Verification by the audit team revealed that the six bank accounts were retained despite a lack of legal basis or authorization from the Permanent Committee Board. The PSC, meanwhile, said it has completed the necessary steps for the closure of the two bank accounts under its name. As for the P201.86 million in unliquidated cash advances, the COA said, “Considering the period over which they remained unliquidated, these cash advances have most likely been expended and as such, misstated the affected asset and expense accounts.”

Source: Philippine Star January 12, 2026 17:31 UTC