The Bangko Sentral ng Pilipinas (BSP) has denied allegations of subcontracting in the National ID Card project.
The regulator asserted its full compliance with procurement guidelines and its agreement with the Philippine Statistics Authority (PSA).
BSP clarified that while AllCard Incorporated (ACI) provided equipment, materials, and technical support, the central bank itself conducted the printing operation.
The commission on audit’s review of BSP transactions found no issues related to subcontracting.
The BSP emphasized that the core issue lies with AllCard’s failure to fulfill its contractual obligations, a matter currently under arbitration.
The central bank said in a statement,
“The BSP assures the public that all its agreements and contracts are conducted with full transparency and in compliance with applicable laws and regulations.”
Featured image credit: Edited from Freepik
