Quantcast
Latest Stories

Nabcor unit in North Cotabato says it should be excluded from abolition plan

...Firm exec says it has nothing to do with pork barrel scam of main office

By

KABACAN, North Cotabato, Philippines – Employees of the National Agribusiness Corporation (Nabcor) here said they should not be included in President Aquino’s proposal to abolish the firm due to its alleged involvement in the pork barrel fund scam.

The Commission on Audit’s (COA) investigation into pork barrel releases from 2007 to 2009, showed that P1.227 billion of pork barrel funds went to bogus non-governmental organizations recognized by the Nabcor.

But Rosauro Paniza, the Nabcor manager here, was quick to say that their field office was established on August 31, 2006, a year before the lawmakers allegedly poured their Priority Development Assistant Fund (PDAF) through the agency.

“We don’t know that our firm was involved in the pork scam,” Paniza told the Philippine Daily Inquirer.

Paniza said that in 2006, their field office was able to secure a P10-million grant from the Nabcor main office in Manila.

“If our corporation was involved in the multi-billion-peso scam, perhaps it was the main office and not the Nabcor’s field office in Kabacan,” Paniza said.

He said since they started operating “independently” with their P10 million capital in 2006, and has accumulated a profit of at least P2 million from buying and selling corn cubs and corn processing.

“In fact, the main office has not given us additional funds since 2006. There was even a time that the main office asked from us at least P500,000 for their operational expenses but we did not give in to their demands,” Paniza said.

Paniza said Nabcor’s 16 employees in North Cotabato have been getting their pay from their office’s profit.

“Whatever transaction entered into by the main office had nothing to do with us since we operate independently here in North Cotabato. It would be unfair if we are abolished because we don’t know the transactions happening in the main office” Paniza explained.

The Nabcor office in North Cotabato operates a corn processing plant and mechanical dryer, serving some 2,000 farmers in the entire province.

It also sells processed corn to firms like Cargill and B-Meg in General Santos City.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: government owned and controlled corporations , Nabcor , National Agribusiness Corporation , News , Pork barrel , pork barrel scam , Priority Development Assistance Fund , Regions




Copyright © 2014, .
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
Advertisement
  1. US teacher fired over comment on black president
  2. Filipinos, Dane re-enact crucifixion of Christ
  3. Magnitude-7.5 earthquake shakes Mexican capital
  4. Henares on Pacquiao bashing: I did not start this
  5. ‘No real progress in PH if dynasties not dismantled’
  6. More legal woes for Cedric Lee
  7. Massive infra spending set
  8. Easter crucifixions draw huge crowds
  9. ‘Mom, I love you,’ says text from student on sinking ferry
  10. Kim Henares needs a reprimand, says Cayetano
  1. Kim Henares needs a reprimand, says Cayetano
  2. Suspect in Vhong Navarro mauling tries to leave PH
  3. More legal woes for Cedric Lee
  4. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  5. ‘Mom, I love you,’ says text from student on sinking ferry
  6. MH370 co-pilot made mid-flight phone call – report
  7. ‘No real progress in PH if dynasties not dismantled’
  8. I’ll follow my conscience on Estrada, says JV Ejercito
  9. Massive infra spending set
  10. OFW brings MERS virus to Philippines
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  5. Malaysia averts another air tragedy; pilot lands troubled plane safely
  6. Revilla says he was joking; Lacson stands by his story
  7. Revilla ‘consulted’ Lacson on how he evaded arrest
  8. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’
  9. Cudia, dismissed for lying, got 99% in conduct
  10. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
Advertisement

News

  • Korea ferry captain defends actions, bodies seen in ship
  • Traffic starts to build up at toll plazas on Black Saturday
  • Flash floods hit 9 Tagum villages
  • No tsunami to hit PH after 6.9 quake jolts Solomon Islands–Phivolcs
  • Search resumes for bodies in Everest avalanche
  • Sports

  • Hamilton takes pole at Chinese Grand Prix
  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Boston prepares for huge wave of marathon visitors
  • Motivated LeBron James preps for postseason
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • We treasure our Sierra Madre
  • OFW from UAE tests negative for MERS-Cov–health chief
  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
  • Marketplace
    Advertisement