MANILA, Philippines – After resigned congressman Zaldy Co published several videos, among them accusing President Ferdinand Marcos Jr. of earning kickbacks from corrupt infrastructure projects, investigators were quick to downplay them because they were not made under oath. Co is also evading an arrest warrant, and the President has dared him to come home, while denying the allegations.
Among the names Co mentioned is a “Usec Jojo Cadiz,” a Marcos-appointed undersecretary at the Department of Justice. Cadiz is a low profile undersecretary, but he was floated as a sure pick for either ombudsman or justice secretary. He has been with Marcos since the latter was a senator.
Rappler looked into Cadiz some more and found a conflict of interest. There is a construction company named after him, his wife, and his son. It is a contractor of the Department of Public Works and Highways (DPWH) with at least P250 million worth of projects, all in Ilocos Norte. The company is registered under the name of his son, who was just 19 years old during the company’s incorporation in 2023.
Cadiz’s resignation was announced the day after we published the story.
Watch Lian Buan’s report, which prompted an official investigation of the Office of the Ombudsman. – Rappler.com

Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
