Bank takes back land donated for evacuation site

in Latest News

DAGUPAN CITY, Pangasinan, Philippines — A 7,000-square-meter property donated to the city government was encumbered by a bank after it was used to acquire a loan three years ago, local officials said.

Former Mayor Belen Fernandez was authorized by the city council to accept a deed of donation for the property in 2017. The donated land, which was owned by the Pablico family, was being developed into an evacuation center in the island village of Pugaro.

Councilor Jose Tamayo said the area was part of a 5-hectare property that the owners used as a collateral to secure a loan from the Land Bank of the Philippines (LBP).
Encumbered
The owners initially claimed that the property was …

Keep on reading: Bank takes back land donated for evacuation site

The Philippine Daily Inquirer, popularly known as the Inquirer, is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record.

Leave a Reply

Your email address will not be published.

*