The Commission on Audit (COA) has ordered former Makati City Mayor Jejomar Erwin “Junjun” Binay Jr. and three others to return to the government P45 million in intelligence and confidential funds (ICFs) that exceeded the allowable amount or lacked presidential approval. COA Intelligence and Confidential Fund Audit Office Director Mario Lipana was authorized by Chair Michael Aguinaldo to issue two notices of disallowance (NDs) both dated Sept. 5. 2018-003 stated that P25 million was released in the latter part of 2013 without the approval of President Benigno Aquino III. 2018-001 as the basis for the disallowance of the P20-million ICF released in December 2010. Yet, even with his approval, the COA found it excessive because the ICF cap for 2010 was only P26.16 million.

Source: Philippine Daily Inquirer September 10, 2018 21:00 UTC