Statement on the report of COA findings on unclosed AFP bank accounts
11 July 2021
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     The Department of National Defense has already issued its guidance to the Armed Forces of the Philippines upon our receipt of advice from the Department of Finance and the findings by the Commission on Audit. The DND-AFP has been processing the closure of these accounts in adherence to the COA guidelines. However, some accounts cannot be closed outright as these are the depository accounts for our current projects, most of which are multi-year obligations. 

     We have since informed both the DOF and the COA on the situation. Further, future DND-AFP projects will be henceforth placed in the remaining authorized accounts. 



Delfin N. Lorenzana
Department of National Defense