Saturday, April 25, 2026
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 โ€œAll 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

โ€œEven 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.โ€

“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

LGAN CONGRATULATES ย ORITSEMEYIWA EYESAN ON NUPRC CCE APPOINTMENT

  The Ladiesโ€™ Golf Association of Nigeria has congratulated its Matron, Oritsemeyiwa Eyesan, on her appointment as Commission Chief Executive of the Nigerian Upstream Petroleum...

FCCPC UNSEALS IKEJA ELECTRIC HEADQUARTERS AFTER COMPLIANCE UNDERTAKING.

  Friday, 19 December 2025: The Federal Competition and Consumer Protection Commission has unsealed the headquarters of Ikeja Electric Plc after the company submitted a...

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...

Most Popular

FG REAFFIRMS COMMITMENT TO 1,028KM LAGOSโ€“ABIDJAN CORRIDOR PROJECT

  The Federal Government has reaffirmed its commitment to the delivery of the 1,028-kilometre Lagosโ€“Abidjan Corridor, a major regional highway expected to boost trade and...

COURT AFFIRMS FCCPC AUTHORITY OVER BANKS, DISMISSES UBA SUIT

by Kikelomo Okere, Business Editor A landmark ruling by the Federal High Court in Abuja has reaffirmed the authority of the Federal Competition and Consumer...

ALL 13 KIDNAPPED OTUKPO PASSENGERS RESCUED

Felicity Ndere, Markudi All thirteen passengers abducted along the Makurdiโ€“Otukpo road in Otukpo Local Government Area of Benue State have been successfully rescued. Security sources confirm...

NMDPRA DISMISSES JET FUEL SCARCITY CLAIMS, CONFIRMS 74-DAY SUPPLY

Kikelomo Okere The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has dismissed reports of aviation fuel scarcity and price spikes, assuring Nigerians of adequate...

Recent Comments