Gilbert “Gibo” Teodoro has conceded to Noynoy Aquino. Gibo made the announcement in front of the media. He has congratulated Aquino, who happens to be his second cousin.
Partial results have shown Gibo in fourth place, lagging behind frontrunner Aquino, Estrada, and Villar. Villar had conceded earlier during the day. Two other aspirants, Richard Gordon and JC delos Reyes have also conceded earlier.
In his official twitter page, the former defense secretary and administration candidate has also called to help the poor and reform the charter with the new government. Teodoro also asserts that the administration coalition, Lakas-Kampi, is still the dominant party.
Gibo says he will be going back to the private sector.
During the campaign period, Teodoro was consistently in fourth place, with survey ratings in the single digit level.