Friday, November 21, 2025
Home Uncategorized PENCOM DEBUNKS CLAIM OF SPENDING MILLIONS ON ESTACODES

PENCOM DEBUNKS CLAIM OF SPENDING MILLIONS ON ESTACODES

The National Pension Commission has debunked claims that it spent millions of dollars on estacodes for the Director General of the commission, Aisha Dahir-Umar, during the 2020 COVID lockdown.

PenCom, in a statement by its management says the recent report which was carried by an online platform was fictitious and sponsored by mischief makers who are currently jostling for appointments in the country.

PenCom further stated that “All rates for estacode payments are standardised and foreign trips require strict documentation, including air tickets, stamped passport pages and evidence of the number of days spent

“Even if the DG were to spend two years abroad without returning to the country for one day, her estacode allowances would not be up to a million dollars.”

“This poor attempt at calumny is exposed by the fact that there was a global lockdown in 2020 because of the COVID-19 pandemic during which international travels were restricted”

“Offices were shut down and most people had to hold virtual meetings. It is, thus, most outlandish to suggest that any government agency would claim to be paying allowances to its officials for international travels when most airports were shut down globally.”

PenCom maintained that it was aware of current political intrigues in the country caused by the jostling for appointments, however it believe there are more decent ways of going about it than peddling tales by moonlight and using notorious online outlets to push the lies to unsuspecting readers.

The public is implored to ignore these fake documents and the discredited allegations being recycled at the slightest opportunity. The Commission has nothing to hide and will continue to run a transparent and accountable system.

RELATED ARTICLES

NAICOM, SEC STRENGTHEN TIES ON INSURANCE REFORMS.

    The Commissioner for Insurance, Olusegun Ayo Omosehin, has visited the Director-General of the Securities and Exchange Commission, Emomotimi Agama, at the SEC headquarters in...

FCT MINISTER ORDERS IMMEDIATE SHUTDOWN OF ILLEGAL MINING CAMPS. …REITERATES COMMITMENT TO RID FCT OF STREET BEGGING, DESTITUTION, OTHER SECURITY THREATS.

  Minister of the Federal Capital Territory (FCT), Barr. Ezenwo Nyesom Wike has ordered the immediate and comprehensive clampdown on illegal mining activities springing up...

NIES 2025: NNPC LTD LEADING THE CHARGE TOWARDS AFRICA’S GAS INFRASTRUCTURE EXPANSION—KYARI .

. The Group Chief Executive Officer of NNPC Ltd, Mele Kyari says,  the world recognizes Africa as the next destination of providing greater support to...

Most Popular

DANGOTE GROUP LEADS KANO 2025 TRADE FAIR , 1,000+ EXHIBITORS EXPECTED, NEW SUGAR PACKS TO BE UNVEILED

    The Dangote Group is set to take centre stage at the 2025 Kano International Trade Fair, rolling out major investments, new products, and SME-focused...

PTAD MOVES TO AVERT PENSIONERS’ PROTEST, STRENGTHENS ENGAGEMENT WITH UNIONS

The Pension Transitional Arrangement Directorate (PTAD) has intensified dialogue with recognised pension unions in a bid to avert a planned protest by a faction...

SPAIN, ARCN DEEPEN COLLABORATION ON YOUTH AND WOMEN EMPOWERMENT IN AQUACULTURE

The Agricultural Research Council of Nigeria has received a delegation from the Spanish Corporation on an ongoing collaboration in aquaculture and women empowerment.   Leader of...

RIYADH 2025 : OKON-GEORGE ADVANCES TO WOMEN’S 400M FINAL AS TEAM NIGERIA QUALIFIES FOR THREE FINALS ON WEDNESDAY IN ATHLETICS

  Nigeria Team medal haul has continued to increase at the ongoing 6th Islamic solidarity Games in Riyadh, Saudi Arabia, after Pamela Amaechi won silver...

Recent Comments