September 3, 2025 | 12:00am
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has dismissed two supervisors implicated within the falsification of attendance information of ghost workers, imposing the utmost administrative penalties together with forfeiture of advantages and a lifetime ban from public service.
In a decision dated Aug. 20, the central financial institution’s Financial Board upheld the findings of the BSP authorized division and dominated that the erring supervisors have been responsible of administrative violations tied to the dismissal of 4 staffers final yr.
The sanctions embrace dismissal from service, forfeiture of retirement advantages, cancellation of civil service eligibility, perpetual disqualification from holding public workplace and a bar from taking civil service examinations.
“The imposition of most administrative penalties on the supervisors is the BSP’s newest step in addressing a problem it all the time took significantly, valuing the integrity the establishment is thought for,” the central financial institution mentioned in an announcement.
“The BSP has dealt with the difficulty as swiftly as doable whereas observing the requirements of due course of to make sure that the choice upholds justice and accountability,” it added.
The controversy stemmed from the case of 4 workers who have been caught falsifying their attendance information and dismissed in July 2024 with comparable penalties.
The 2 supervisors who authorized their information have been investigated individually, resulting in the Financial Board’s newest determination.
The scandal additionally pressured the resignation of two former Financial Board members, V. Bruce Tolentino and Anita Linda Aquino in June 2024. As presidential appointees, their instances have been elevated to the Workplace of the President, which spoke on the matter on July 15.
To stop a repeat of the incident, the BSP mentioned it has launched reforms, together with enhanced coaching for supervisors, a revamped worker onboarding program that highlights ethics instances, and a reorganization of the BSP Committee on Ethics and Decorum, now led by a deputy governor as an alternative of a director.
The central financial institution additionally launched a brand new human useful resource system to digitize timesheets and supervisor approvals, whereas strengthening its whistleblower mechanism and reviewing the administration of Financial Board workplaces.
“The BSP’s management is dedicated to sustaining and strengthening integrity within the establishment,” the central financial institution mentioned.
The BSP began its investigation of the matter in November 2023, earlier than it grew to become public, contemplating all of the proof and defenses offered.
