Ramil Madriaga, the self-described former bagman at the center of the impeachment case against Vice President Sara Duterte, has signed a waiver surrendering his right to bank secrecy — a move that gives the National Bureau of Investigation broad authority to examine his financial records in connection with allegations he has leveled against the vice president.
The signed document, received by the House Committee on Justice on April 14 at 3:12 p.m., covers all of Madriaga’s bank deposits, accounts, and transactions, including savings, current, checking, and investment accounts held solely or jointly in his name. The waiver explicitly extends to KYC documents, transaction histories, ATM records, online banking logs, fund transfers through PESONet, InstaPay, SWIFT, and wire transfers, as well as deposit and withdrawal slips and remittance records.
Under the terms of the waiver, the NBI — including its director and authorized agents — is empowered to request, obtain, examine, authenticate, copy, extract, and preserve any banking records tied to Madriaga. Banks and financial institutions are directly instructed to release those records to the NBI upon presentation of the document, which Madriaga declared he signed freely, without force or undue influence, and with the benefit of legal counsel.
The waiver was executed specifically to support the NBI’s fact-finding, investigative, and evidence-gathering activities relating to Madriaga’s allegations against Duterte, including any circumstances that may be material to verifying or corroborating those claims before the proper authorities. The document states the NBI may use records obtained under the waiver to prepare investigative reports, referrals, and supporting documentation for submission to government offices.
The signing came on the same day Madriaga appeared before the House Justice Committee, where he claimed, among other things, that VP Sara Duterte’s P125 million in confidential funds was disbursed in under 24 hours — not 11 days as previously established — with bags containing P30 to P35 million each transported to various locations. His supplemental affidavit, dated April 3, also named specific bank accounts, which the panel is now expected to pursue through the waiver.
The waiver remains effective until revoked in writing by Madriaga, with a provision that any records already disclosed or obtained prior to a revocation continue to be valid and usable for lawful purposes.
