STAFF. Then-senator Ferdinand Marcos Jr. (right) works with Jose 'Jojo' Cadiz Jr. (standing on the left), along with other legislative staff in improving the Bangsamoro Basic Law Substitute Bill on August 5, 2015.STAFF. Then-senator Ferdinand Marcos Jr. (right) works with Jose 'Jojo' Cadiz Jr. (standing on the left), along with other legislative staff in improving the Bangsamoro Basic Law Substitute Bill on August 5, 2015.

Marcos aide with contractor ties quits DOJ

2025/12/05 11:29

MANILA, Philippines — Justice Undersecretary Jose “Jojo” Cadiz Jr. has tendered his resignation, Palace press officer Undersecretary Claire Castro told a press conference on Friday, December 5.

Cadiz is a longtime aide of President Ferdinand Marcos Jr. with ties to a two-year-old construction company that bagged hundreds of millions of pesos worth of projects in Ilocos Norte, Cadiz’s and the Marcoses’ home province.

Must Read

Marcos aide Jojo Cadiz has ties to contractor with big Ilocos Norte projects

Sa ating pagkakaalam, siya po ay nagsubmit na ng kanyang resignation (As far as I know, he has submitted his resignation),” Castro said, when asked if Cadiz continues to enjoy the President’s trust and if he will remain with the Department of Justice (DOJ).

As of posting time, Castro could not provide the details of Cadiz’s resignation, or if it had been accepted by Acting Justice Secretary Fredderick Vida.

Play Video Marcos aide with contractor ties quits DOJ

Cadiz was appointed to the post in 2022, just over a month after Marcos assumed the presidency. Cadiz hails from Ilocos Norte, the bailiwick of the Marcoses, and has extensive ties to not just the President, but the Marcos clan, based on Rappler’s research.

He was part of the President’s legislative team when he served in the Senate. Cadiz had also been tapped by the President’s sister, Senator Imee Marcos, to handle Ilocos Norte’s legal affairs, when the latter was governor.

A Rappler investigation found that a construction company incorporated in 2023 by his then-19-year-old-son bagged at least P250 million in projects in Ilocos Norte.

The 1987 Constitution explicitly prohibits officials of the executive, to include undersecretaries, from being “directly or indirectly…financially interested” in a government contract.

Asked if Marcos had known or had been since made aware of Cadiz’s ties to a major construction firm, Castro said, “We have not talked about that but if there’s a need for investigation on that issue let the investigation be done.”

Former House appropriations chairperson Zaldy Co had earlier accused Cadiz of acting as a bagman for Marcos. – Rappler.com

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Morgan Stanley: Expects the Federal Reserve to cut interest rates by 25 basis points in December.

Morgan Stanley: Expects the Federal Reserve to cut interest rates by 25 basis points in December.

PANews reported on December 5th that Morgan Stanley expects the Federal Reserve to cut interest rates by 25 basis points in December, contrary to its previous forecast of no rate cut.
Share
PANews2025/12/05 17:40