FactCheck: The video shows Marcos' speeches at the NRCP Annual Summit and Comelec National Summit. FactsFirstPH
Claim: Marcos’ gold account will be used to promote the development of science and technology in the Philippines.The false claim on YouTube was posted by PweDelie TV with the title: “WOW PANGULONG BBM GAGAMITIN NA ANG MARCOS ACCOUNT PARA SA ADVANCED TECHNOLOGY NG PILIPINAS?” The video has had 25,000 views and 52 comments as of writing.The video displays a document dated January 12, 1983, which claims to be a certificate of bank insurance guarantee issued by Banco de Oro Unibank.
The certificate image features instructions for budget allocation, which say that 70% of the total value should be directed towards government programs such as infrastructure, agriculture improvement, environmental rehabilitation, and technological enhancement. The supposed certificate of bank insurance guarantee contains the signatures of former president Ferdinand E. Marcos and Banco de Oro’s then-chief executive officer Roberto R. Lapid. The document doesn’t make any explicit mention, however, of the cash and gold bullion being the property of the Marcos family.
The video does not provide any further evidence either regarding the claim, but instead features Marcos’ speeches at two different events, one at the
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