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Manila Bulletin devider Business devider AMA Rural Bank to DepEd: Remit ₱1.5 billion or face legal consequences

AMA Rural Bank to DepEd: Remit ₱1.5 billion or face legal consequences

Published Feb 19, 2025 01:38 am

AMA Rural Bank of Mandaluyong Inc. (ARB), owned by businessman Amable Aguiluz, has demanded that the Department of Education (DepEd) remit ₱1.495 billion in unremitted collections from public school teachers, warning of legal action against key officials.

In a letter dated Feb. 12, 2025, ARB chief operating officer Felino H. Esquivias Jr. urged DepEd Undersecretary for Finance Annalyn M. Sevilla to release the funds within five days.

The amount includes ₱734.57 million collected between September 2019 and April 2022, and an additional ₱760.6 million from May to November 2022, both under the Automatic Payroll Deduction System.

Sevilla confirmed the initial amount in a May 2022 letter but has yet to remit the funds, ARB said.

The bank warned that failure to comply would result in complaints being filed before the Ombudsman and the Civil Service Commission against Sevilla and other DepEd officials.

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Department of Education (DepEd) Schools Division of Iloilo (SDO-Iloilo)
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