MANILA, Philippines?(UPDATE) President-elect Benigno "Noynoy" Aquino III named former Supreme Court Chief Justice Hilario Davide Jr. as head of the newly-formed Truth Commission that will put "closure on so many issues."

It was Davide who swore outgoing President Gloria Macapagal-Arroyo into office in 2001.

Aquino said the commission will also "prepare and prosecute" cases to make sure that those who committed crimes against the people will be made to pay.

He pointed out that the commission will not only go after all corruption allegations hurled at Arroyo but on "all issues."

"This Truth Commission is the commission I promised the people we will set up to put closure on so many issues," said Aquino.

"They will be collators of data, evidence, the proof as to who committed what and what transgression of our laws was committed," he said.

"In turn with the active assistance of all agencies of the state especially the DOJ (Department of Justice), they will as necessary prepare and prosecute the cases to make sure those who committed crimes against the people will be made to pay," he added.

Davide served for three years as Permanent Representative of the Philippines to the United Nations.