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Isn’t it ironic? Duterte wants Tetangco out, but Congress has guaranteed his term extension


It’s quite ironic how President Rodrigo Duterte can’t wait to see Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. go, while the former’s allies in the House of Representatives (HOR) are practically handing him an unprecedented third term in office.

Duterte was fuming again Thursday (December 22) as he railed at the laziness and alleged corruption of the Anti-Money Laundering Council (AMLC). This was after the Chief Executive signed the P3.35-trillion national budget for 2017 in Malacañang on Thursday, December 22.

The AMLC is under Tetangco, the highest paid government official and is the longest serving BSP Governor.

Duterte’s beef with the AMLC is the utterly slow pace by which it has been tracing bank accounts of suspected drug lords–and we all know how much “Digong” abhors illegal drugs.

In fact his frat brod Justice Secretary Vitaliano Aguirre II has repeatedly complained about the AMLC inefficiency, saying it has hindered their probe on the drug trade.

“You guys there are all corrupt. You better watch out. I will bring you down. Tetangco is about to retire, better prepare there, I will give you a whack,” Duterte warned the Council.

On Friday, December 23, the Manila Bulletin reported that the HOR is keen on passing House Bill 4283, the consolidated bill amending Republic Act No. 7653 or the New Central Bank Act.

The passage of the bill will effectively lift the two-term limitation for BSP governor, thus giving Tetangco his third run in office.

HB 4283 consolidates five bills providing for amendments to the BSP charter. The legislative proposals were filed by Reps. Maximo Rodriguez (PDP-Laban, Cagayan de Oro City); Henry Oaminal (LP, Misamis Occidental); Jericho Nograles (PBA Party-list); Ma. Theresa Collantes (LP, Batangas) and Ben Evardone (Eastern Samar).

Duterte had previously welcomed an extension to Tetangco’s term, but this was before his patience ran out on the drug issue.

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