All Lapu-Lapu executives are millionaires

CEBU, Philippines- Based on their assets, liabilities, and net worth (SALN) as of December 31,2010, which the Office of the Ombudsman has just released, all Lapu-Lapu City government officials are millionaires.

Alexander Gestopa, Jr., city councilor is the richest in the city with a net worth P6,173,500.

Gestopa owns a house and lot, personal properties worth P1,450,000 include two vehicles and a piano, totaling P5.5 million.

His liabilities total P277,000.

Next to Gestopa is City Councilor Melissa Vidal with net worth of P6,050,000.

Her assets totals P6,400,000 while liabilities total P350,000.

Vidal has two relatives working in the government in Lapu-Lapu City.

On third spot is Mayor Paz Radaza with P3,700,000 for net worth.

She has no real properties but her assets are worth P3,700,000.

Radaza is connected with a firm as a partner.

Next to Radaza was City Councilor Eduardo Patalinghug Sr. with P2,700,000 as net worth.

His assets total P2,700,000 and is connected with KI Taxi. He has two relatives working in the government.

Next in line is City Councilor Roque Wagas with a net worth of P2,630,000. He has no liabilities. He has two relatives working in the government.

Vice Mayor Marcial Ycong's net worth is listed as P1,200,000.

He has P2,400,000 in total assets and liabilities of P1,200,000.

He is connected with Westland Funeral Services and has one relative in the government.

Councilor Francisco Senerpida's net worth is P1,255,500. His assets total P1,400,000 and his liabilities total P144,500.