Aquino reappoints Naguiat, directors to Pagcor board

A+
A
A-

Pagcor chairman Cristino Naguiat Jr. INQUIRER FILE PHOTO

MANILA, Philippines – President Benigno Aquino III has reappointed Cristino Naguiat Jr. as chairman of the Philippine Amusement and Gaming Corp. (Pagcor) and renewed the appointments of its entire board of directors to serve a term of office to end on June 30, 2013.

Extended were the appointments of board members Jorge Sarmiento, Enriquito Nuguid, Eugene Manalastas and Jose Tanjuatco.

Sarmiento also serves as Pagcor chief operating officer.

All five were first appointed in 2010. Their new appointments would allow them to serve a term of office starting July 1, 2012, to June 30, 2013.

Aquino signed their appointments on December 12, according to deputy presidential spokesperson Abigail Valte.

Interviewed over Radyo ng Bayan Saturday, Valte said the President had to renew the appointments as mandated by the Governance Act of the government-owned and -controlled corporations (GOCCs).

“Because of the GOCC Governance Act, the term of all the officials and members of the board of directors of the GOCCs is one year,” said Valte.

Maricar Bautista, Pagcor’s assistant vice president for corporate communications, told the Philippine Daily in a text message that Pagcor was grateful for President Aquino’s continued confidence in the leadership of Naguiat and the entire board for the past two-and-a-half years.

“Pagcor has significantly improved its performance in terms of generating billions in revenue remitted to the government. This will inspire Pagcor to work harder and remain true as the government’s partner in nation-building,” said Bautista.

Pagcor is a 100-percent government-owned and -controlled corporation that is directly supervised by the Office of the President.

Created during martial law, its corporate life was extended by 25 years in 2007, renewable for another 25 years.

The state-run gaming firm operates 13 casinos in major cities across the country.

The reappointments came as members of the House of Representatives decried the slow pace of the prosecution of former officials of Pagcor, whose five cases remain pending in the Office of the Ombudsman.

It took the new Pagcor management at least a year to file cases against ex-officials of the agency, led by former Chairman Efraim Genuino, either in the Ombudsman or the Department of Justice, members of the House good government committee said at a hearing last week.

“If the cases were already strong, and you prepared for the case for one year, why did it take the DOJ another year to bring it to the Office of the Ombudsman? And then the Ombudsman would still study the cases? It may take another year or so,” said Bayan Muna partylist Representative Teodoro Casiño.

In other news, the President appointed Sherwin Prose Castañeda as Acting Director III of the Department of Trade and Industry and Cezario Joel C. Espejo as Acting Director IV of the Department of Social Welfare and Development. (With a report from Christian V. Esguerra)

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • kalikasanipagtanggol

    Ganyan ang TUWID NA DAAN!

  • http://profile.yahoo.com/ZVS4MKYAHNFS6TCFBFGRZNIIGQ Nueva

    what? sana ako na lang well of all the issues renewing all of them? tama ba yan mr ted failon lol. well how i hate the past admin im beginning to unlike you just continue it lol

  • lostRunes

    “Valte said the President HAD to renew the appointments as mandated by
    the Governance Act of the government-owned and -controlled corporations
    (GOCCs).”

    Which states:

    “Where a member of the Board or an Officer, by virtue of the office,
    acquires or by virtue of the office, acquires or receives for oneself a
    benefit or profit
    , ….. taking
    advantage of corporate opportunities of the GOCC, all such profits or
    benefits shall be subject to restitution under Section 24 of this Act,
    without prejudice to any administrative, civil or criminal action
    against members of the Board of Directors/Trustees or Officers. This
    provision shall be applicable notwithstanding the fact that such member
    of the Board or Officer risked one’s own funds in the venture.”

    “Malacañang has brushed aside the impropriety of the perks that Naguiat,
    members of his family including their nanny and other Pagcor officials
    got from Wynn Resorts in one of their visits to Macau (free
    accommodation in Wynn Resorts luxury suite, $1,673 dinner, $20,000 cash
    gifts, $1,878 Chanel bag which Naguiat returned) saying that’s “industry
    practice.”
    – Malaya

    Talaga, Mr. President? No choice? You HAD to renew the appointment of your classmate and close friend Cristino Naguiat?

    HYPOCRITES!

    • Francis81

       Hindi lang basta classmate ni Pweenoy yang si Naguait naging BF din niya yan nung high school sila sa Ateneo.

  • Francis81

    KKKKK ata yan!

  • wawa2172

    Well Ted Failon’s expose is no match to the liking of Pnoy to Naguiat despite the anomalous Okada VIP treatment to him and his family. Despite Okada’s anomalous transaction being investigated by the US government, Naguiat has done nothing against Okada whose tentacles had gripped even the men in Pagcor during the GMA period. Nothing has changed as far as corruption in this country is concern. Maliwanag pa sa sikat nang araw ang pinag gagawa ni Naguiat at family nito sa Macau with all perks given by Wynns Resort. Anyway, wala namang pinag iba si Noy at Naguiat as they were classmates, at Ateneo.Well, 2013 is election time the LP needs the money and who would Noy call…its Naguiat.

  • EdgarEdgar

    The reappointment of Bong Naguiat comes as no surprise. Depsite Naguiat’s controversial misuse of Pagcor cars as personal school bus for his children caught recently on video tape and all, he does not even get a slap on the wrist. Despite the exposé on Naguiat and his family accepting bribes in the form of a junket to Macau all paid for by Wynn Resorts with pocket money and all, Noynoy decided to condone him and look the other way. The way Noynoy sees it, he owes Naguiat  too much of a debt of gratitude for the yellow Porsche which outweighs all other moral considerations. In short, Noynoy’s voters be damned.

    And if the congressional hearing on the Okada lobby fund yielded nothing, that’s because Naguiat et al prefer it that way. Whichever way you look at it, the story just doesn’t add up. Okada is a crafty old fox. He would not have parted with $30 billion in early 2010 in favor of someone who’s about to leave office. Okada would have figured out as early as late 2009 that Genuino will be out of office by 2010. Any lobby fund or bribe for that matter should be going to Genuino’s probable successor Naguiat. And this is where things get complicated. The deeper DOJ digs into this whole mess, the more they will dig up sh*t implicating Naguiat. Stumped by the dilemma of selective application of the law, the administration and DOJ have no idea how to get Genuino without dragging Naguiat into it. 

    The dilemma of protecting KKK, Inc.

  • Albert Einstien

    KKK to the max..garapalan nato….lol

    ALAM ng boung mundo ang INTERNATIONAL BRIBERY allegation ke NAGUIAT & officers of PAGCOR….nakakapagtaka ANO ba talaga relasyon ni pnoy at nagiuat….magka-ibigan ba o magkamag-anak?

    CONGRESS should READ the FREEH REPORT submitted to gaming compliance committee….and charge current PAGCOR OFFICERS of INDIRECT BRIBERY…..kung talagang hindi HUWADna DAAN…in the alleged INTERNATIONAL BRIBERY…in FACT by their ADMISSION that money & perks received from okada group an INDUSTRY PRACTICE ” is already INDIRECT BRIBERY( receiving gaming (pang-SUGAL ) & shopping money..doj..should .just secure an autenticated copy of the freeh report ( it’s in the internet ..the WORLD knows already pero govt NAGBUBULAGBULAGAN.) to the gaming compliance committee..the alleged report contain the following;”nSeptember 23, 2010: In an e-mail to Ms. Lai, with a copy to Mr. Okada, Mr. Shoji requests that a credit of US 5,000 be extended to each person now staying at the Villa for shopping and gaming(PANG-SUGAL ), up to a total of US 50,000. According to Mr. Shoji’s email, the funds are to be advanced by Wynn Macau and charged to the Universal City Ledger account”

    nasa internet yun freeh report submitted to gaming compliance commttee..nabasa ng boung mundo yan …tsk tsk grabe …na ang HUWAD na DAAN….sa bagay pasko ngayon..USO ang gift giving……lol

  • dodong1

    nakaNAGUIAT TALAGA SI KALBO..MAHIYA NAMAN KAYO..KKKK

  • pulis

    Kalaguyo ni Pnoy si Naguiat. Magaling kasing mangat ngat si Kalbo..Pati Jueteng hindi kayang buwagin kasi siya ang Lord…Whaaaa!

  • nti_boohaya

    Industry practice sabi ni Bong.  Sabi rin ni pnoy, government practice ang i appoint sa matataas na pwesto o pinababayaang mag operate ang mga nasasangkot sa mga anomalya o may bahid illegal gaya ni Bong, Purisima, Puno, Ang, Pineda, at iba pa.  Saan po ba patungo ang matuwid na daan?  Pag walis ng kakorapan at pag asenso ng bayan o pabalik sa kabuwayahan?  Your guess is as good as mine.  Happy holidays.

  • elvis99

    Eh kesa naman sa boss nyo.manikurista ginawang director sa MWSS,ayun kumita ng Milyon milyon…every month nakaupo lang…inde nyo ba nabasa un article…napataas nya un revenue ng Pagcor ng billiones…kaya un retained sya … trip nya sa Macau,,,kahit sa corporate world talagang ganoon perks un unlike sa time ng bossing nyo kaban ng bayan ang winaldas…

  • disqusted0fu

    just a crystal clear example of kkk. what else is there to say? one of these days, just expect another defensive statements on this move from the spokespersons of the president. after all, they say defense is the best offense. thats why Aquino doesnt care and he tolerates the anomalies from his kkk because at the end of the day, he knows Valte and Lacierda are always there to come up with some stupid explanations about his inexplicable decisions.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


editors' picks

advertisement

popular

advertisement

videos