LandBank closure sparks fear in MSU campus
Tuesday, 11 January 2011 19:35 Bong D. Fabe / Correspondent
CAGAYAN DE ORO CITY—The impending closure of the Land Bank of the Philippines’ (LBP) extension office inside the Mindanao State University in Marawi City has sparked fear and tension among students and teachers of the premier state university in Mindanao.
LBP-MSU will official cease operation at the end of office hours on Feb. 18.
LBP-Marawi branch manager Acmad Grande Mamacotao said the MSU extension office is the least performing unit of all the bank’s extension offices, thus the need to close it as maintaining its operation is becoming more a liability rather than an asset.
All LBP-MSU branches have been advised to transact business at the main branch in downtown Marawi City.
But most of the Christian students, teachers and staff of the MSU expressed apprehension and fear with the impending closure of the bank’s branch inside the campus.
They said their security in downtown Marawi is not assured and that there is a great danger that they might be kidnapped while transacting business in the bank’s main branch in the downtown area.
Trying to allay fears of the apprehensive students, teachers and staff of the MSU, Mamacotao said that they will leave two Automated Teller Machines (ATMs) inside the MSU campus.
Taking the cudgels for the students, teachers and staff, MSU System president Dr. Macapado Muslim wrote Finance Secretary Cesar Purisima not to close the bank’s branch inside the MSU.
Purisima is concurrent chairman of the bank’s board of directors.
--
---------------------------------------------
CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline: +63495010127 Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com http://phildevfinance.wordpress.com
CONSULTING - http://www.carlosani.com
My Clippings - http://www.myclipps.posterous.com
------------------------------------------
---------------------------------------------
CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline: +63495010127 Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com http://phildevfinance.wordpress.com
CONSULTING - http://www.carlosani.com
My Clippings - http://www.myclipps.posterous.com
------------------------------------------
