BIZ BUZZ: NFA fraud alert
The National Food Authority (NFA) cautioned the public against dealing with “some individuals” posing as the NFA administrator or a member of his staff to carry out fraudulent schemes.
The NFA advised the public to steer clear of such individuals asking for information about the NFA, instructing millers to fast-track milling operations or soliciting donations, financial favors or money transfer to bank accounts as these activities are illegal and against its policy.
Let’s set the record straight: the NFA has only one administrator, Larry Lacson.
While the NFA buys palay from local farmers to build its buffer stock, there is no directive from the grains agency to accelerate operations.
As a matter of fact, the NFA is seeking an additional budget of P9 billion this year to maintain a 15-day inventory required by the amended Rice Tariffication Law.
The NFA thus urged the public to remain vigilant, verify solicitation requests or calls and report similar suspicious activities via its mobile number or email addresses.
