The Bangko Sentral ng Pilipinas (BSP) has dismissed two supervisors implicated in the “ghost employee” controversy, imposing the harshest penalties available, including loss of retirement benefits and a lifetime ban from public service.
The Monetary Board said the supervisors falsified attendance records for four staffers already dismissed in July 2024.
In its August 20 ruling, the Board ordered their dismissal from service, cancellation of civil service eligibility, perpetual disqualification from public office, and a bar from taking civil service exams.
“The BSP has handled the issue as swiftly as possible while observing due process to ensure the decision upholds justice and accountability,” the central bank said on Tuesday.
The case traces back to November 2023, when four employees were caught falsifying time records and dismissed. Their supervisors, who validated the records, underwent a separate administrative process.
The scandal also prompted the resignation of two Monetary Board members in June 2024, with Malacañang acting on their cases the following month.
BSP stressed the incident was isolated, but said it has introduced reform, including enhanced supervisor training, stricter enforcement of its Code of Ethics, improved onboarding and a reorganized Ethics and Decorum Committee, now chaired by a deputy governor.
A new HR system and stronger whistleblower protection are also being rolled out.
“The BSP’s leadership is committed to maintaining and strengthening integrity in the institution,” the central bank said.
