House of Representatives Speaker Faustino ‘Bojie’ Dy III has called out former Ako Bicol party-list Rep. Elizaldy ‘Zaldy’ Co for making grave allegations about the corruption scheme in the 2025 budget while still refusing to come home and cooperate with authorities.
Dy in a statement on Tuesday said that this is the reason he revoked Co’s travel authority last September – to allow the former lawmaker to come home and testify regarding the budget mess and the infrastructure corruption issue, as his name has been mentioned in several hearings and discussions.
But instead of returning to the country, Dy said Co remains outside and has resorted to releasing video statements – while his former colleagues have already faced and testified before the Independent Commission for Infrastructure (ICI).
‘That’s why one of the first things I did as Speaker was to cancel the travel authority of former Rep. Zaldy Co, so that he can come home and face the allegations against him. After he failed to return home, we coordinated with the DOJ (Department of Justice) so that the DFA (Department of Foreign Affairs) could expedite the cancellation of his passport. But until now he remains in another country – and has only released a video statement,’ Dy said.
‘Meanwhile, all of the lawmakers who have to explain something voluntarily faced and coordinated with ICI. They are all willing to cooperate and work with the ICI to explain their side. Former Rep. Co did not do this,’ he added.
Instead of bringing clarity to the budget issues and the flood control controversy, Dy said Co only added to the confusion with his video statements.
According to the Speaker, Co’s grave allegations must be made under oath and before competent authorities like the ICI.
‘This is a clear difference: while others are trying to clarify matters, former Rep. Co was evasive. Instead of helping clear things, he only added to the public’s confusion,’ Dy said.
‘Videos take abroad are not enough. When there are grave allegations, the bases must also be as firm. He needs to face, take an oath, and present evidence to authorities like the ICI. And if we need to give him protection, we will coordinate with the appropriate agencies to ensure his safety while he is giving out his testimony,’ he added.
Co has been out of the country ever since the corruption scandal broke out, but the former lawmaker ended his silence last Friday by claiming that former Budget Secretary Amenah Pangandaman instructed him to place P100 billion worth of insertions in the 2025 General Appropriations Bill (GAB).
The directive, Co said, supposedly came from President Ferdinand Marcos Jr. Co claimed that after he confirmed the directive with Undersecretary Adrian Bersamin, he then told Marcos’ cousin, former House Speaker Ferdinand Martin Romualdez, about this instruction.
Co then said that Romualdez supposedly gave the go signal as ‘what the President wants, the President gets.’
In the second part of the video uploaded on Saturday, Co said that Marcos received kickbacks equal to a quarter of the P100 billion insertions for public works that the Chief Executive wanted in the 2025 national budget.
But Co’s statements have been questioned by several individuals, even by some critics of the current administration. On Friday, two college professors – Professor Antonio Contreras and former Finance Undersecretary Cielo Magno found a flaw in Co’s claims, noting that the President himself could have done the insertions himself if he wanted to.
Contreras and Magno were referring to the National Expenditures Program (NEP), the proposed budget prepared by the executive branch which is handed over to the House of Representatives within 30 days after a president’s State of the Nation Address.
The House then deliberates the NEP, and makes amendments – either by deduction or augmentation of funds for projects – and thereby creating the GAB.
After this, the House submits its version of the GAB to the Senate for its own deliberation. The Senate then makes its own amendments, eventually prompting the creation of the bicam – a small group of House and Senate members who meet around November or December to thresh out differences in their GAB versions.
Co made other claims in the three-part video statement, like allegations that Romualdez threatened to kill him. However, several House officials on Monday noted that Co’s claims sounded like a plot that only happens in movies.
The former Ako Bicol solon has been on the hot seat for a long time already, as he is accused of being behind issues hounding the 2025 national budget and the government’s infrastructure program. At one of the Senate blue ribbon committee hearings, contractor-couple Curlee Discaya and Sarah Discaya said several lawmakers – including Co – asked and received kickbacks from projects.
Henry Alcantara and Brice Hernandez, former officials of the Bulacan first district engineering office, also tagged Co and other lawmakers as allegedly involved in the kickbacks scheme for infrastructure projects.