THIS LAND IS MINE

05 September 2024
Lifted from Minda Vote




The Supreme Court (SC) has ruled that the Marcos family’s 57.68-hectare property in Barangay Suba, Paoay, Ilocos Norte constitutes ill-gotten wealth.

In a 55-page decision penned by Associate Justice Marvic Leonen, the SC en banc found as unconstitutional the 25-year lease agreement signed on December 20, 1978, between the late President Ferdinand Marcos Sr. and the Philippine Tourism Authority (PTA).

The property, leased at a low rate of just one peso (P1) per year, was intended for the development of the Paoay Lake area.

However, the SC determined that there was no evidence to support Marcos Sr.’s ownership of the land at the time the lease was executed.

The high court also pointed out that Paoay Lake and its surroundings are part of a national park, categorizing the land as public property that cannot be privately appropriated.

The ruling further clarified that despite the issuance of Presidential Decree No. 1554, which opened the land for acquisition, no documentation exists proving that the property was transferred to Marcos Sr. before the 1978 lease agreement.

As a result, the SC declared that Marcos Sr. had no authority to lease the land, making the contract invalid.

Also, the SC noted that the contract included provisions stating that ownership of any improvements made during the lease would revert to Marcos Sr. upon its termination.

This arrangement was found to violate the constitutional prohibition against a President holding any financial interest in a government contract, as outlined in both the 1973 and 1987 Constitutions.

Consequently, the SC ordered that the property be returned to the State, with exceptions for portions now covered by free patents.

Link

https://abogado.com.ph/sc-declares-marcos-familys-paoay-property-ill-gotten-orders-return-to-state/?fbclid=IwY2xjawFHV7ZleHRuA2FlbQIxMQABHd7kUCEIehej2rnf6cHPpRNkQE_A1sBj5kOS2dKCEnLBiSbIBQ5Nc-1d0Q_aem_Z2Q5-LlsSquaAYfb9PgPfQ&sfnsn=mo

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