Five armed men robbed a lending firm in Ipil, Zamboanga Sibugay, stealing ₱726K and shooting the manager before fleeing on motorcycles. (AI Image)

Armed men storm lending firm in Ipil, cart away ₱726K, shoot manager

ZAMBOANGA SIBUGAY – A late-night robbery turned bloody in Ipil town after five armed men stormed a lending company past midnight on Tuesday, August 29, escaping with ₱726,409 in cash and leaving its manager wounded.

Police said the suspects, clad in black hooded jackets and masks, forced their way into the Panjobjoban Lending Corporation (PLC) office in Barangay Taway, where employees had already retired to their quarters inside the building.

Two of the men went straight to the manager’s room, where a scuffle broke out. One suspect pulled a handgun and shot the manager, a resident of Barangay Balian, Payao, before the group fled toward Titay town on two motorcycles.

The victim, who sustained a gunshot wound, was rushed by colleagues to De Villa Hospital for treatment.

At the crime scene, investigators recovered four empty shells, two cartridge cases, and a live .45-caliber round.

Police have set up checkpoints and dragnet operations in neighboring towns to track down the suspects.

The attack underscores persistent security concerns in Ipil, the provincial capital, where lending firms and cash-heavy businesses remain prime targets for armed groups.

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