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COA flags Cotabato over missing land titles

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Auditors note that the Cotabato City government bought the properties for P203 million, but the titles are nowhere to be found

This is AI generated summarization, which may have errors. For context, always refer to the full article.Rommel Rebollido/Rappler

The Commission on Audit , in a 2023 audit report released on March 22, noted that while the city government holds the absolute deeds of sale for the properties, the TCTs remained with Broce Development Corporation. The COA, however, noted in the report that the TCT for the 50-hectare property was briefly in the city government’s possession until the document was “borrowed” by the previous owner on August 13, 2020.

Auditors pointed out that the failure to transfer the titles has jeopardized the city government’s ownership rights, allowing the previous owner to continue benefiting from the properties.

 

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