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WEEKS after the May 2010 elections, a question confounded Benigno Simeon ‘Noynoy’ C. Aquino III and his fund-raisers and allies in the Liberal Party: What to do with excess campaign donations that had then reached tens of millions of pesos?

WITHIN a year after the May 2010 elections, President Benigno Simeon C. Aquino III reported that his wealth had grown nearly three times, or from only P15,440,268 as of December 2009 to P54,999,370 as of December 2010. The net increase in his wealth: P39,559,102, or 256 percent more in just 12 months.

IF LAWS on campaign finance were enforced to the letter, Senators Juan Ponce Enrile, Jose ‘Jinggoy’ Estrada, and Sergio Osmeña III, along with Ilocos Norte Rep. Imelda R. Marcos and perhaps even Vice President Jejomar Binay should not be occupying their seats right now. That would be because they or the political parties that nominated them have yet to submit to the Commission on Elections (Comelec) a Statement of Election Contributions and Expenditures (SECE), as required by law.

MAJORITY OF the party-list groups that vied for seats in Congress in the May 2010 elections have since dutifully filed their sworn Statements of Election Contributions and Expenditures (SECEs) with the Commission on Elections (Comelec). This includes all of the 43 organizations that now have nominees sitting in the House of Representatives.

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