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The Cagayan Economic Zone Authority (CEZA) is a government owned and controlled corporation that was created by virtue of Republic Act 7922, otherwise known as the “Cagayan Special Economic Zone Act of 1995″. It was authored by Chief Presidential Legal Counsel Juan Ponce Enrile, a native of Cagayan Province, and approved by then President Fidel V. Ramos. It has been tasked to manage and supervise the development of the Cagayan Special Economic Zone and Freeport (CSEZFP).
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The Cagayan Economic Zone Authority (CEZA) has been made aware of extortion schemes, where scammers pose as personnel from the Office of the Administrator and Chief Executive Officer and ask for certain amount of bribe money from bidders of CEZA projects.
Reports of extortion have been received and noted by CEZA, and a through investigation of the matter is going. Likewise, appropriate investigating agencies will be alerted to trace the source of reported fraudulent calls. Significant details are as follows: