Coco farmers seek return of Danding’s UCPB shares

COCONUT farmers urged the government to return to them businessman Eduardo “Danding” Cojuangco’s shares in United Coconut Planters Bank (UCPB) which the Supreme Court (SC) awarded to the government.

The Kilusang Magbubukid ng Pilipinas (KMP) and the Coco Levy Funds Ibalik sa Amin (Claim), as well as the Presidential Commission on Good Government (PCGG) hailed the High Court’s final ruling that Cojuangco’s 72.2 percent shares in UCPB were owned by the government.