PENCOM alleges blackmail over N3m monthly salary claim – Newstrends
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PENCOM alleges blackmail over N3m monthly salary claim

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Aisha Dahir-Umar, DG National Pension Commission

• Says DG earns less than N1m monthly

The Director-General, PenCom, Mrs. Aisha Dahir-Umar, disclosed this in a statement made available to journalists by the Head, Corporate Communications Department, Mr. Dahiru Abdulkadir.

Warning that the Commission won’t succumb to cheap blackmail, she described the allegations as false and misleading.

For clarity, she stated that the highest paying staff, which is her, earn less than N1 million.

The statement read: “Following the false and misleading information on the compensation package of the commission being circulated in the traditional and social media (not this newspaper), it has become necessary to set the record straight in the interest of the Nigerian public. It is being alleged that the least paid PenCom employee earns a salary of N3 million per month. This has fueled all sorts of false allegations and unfair insinuations. The public is invited to note that the claim is absolutely false.

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“The highest paid official of the Commission earns less than N1 million a month. It is therefore completely illogical and improbable that the least paid will earn a monthly salary of N3 million. We understand that there is an element of mischief and possible blackmail on the Commission’s compensation package. From our understanding, it appears someone calculated all staff costs, including training, staff exit benefit scheme, and employers’ pension contribution, and divided the total by the number of the Commission’s employees and concluded that the least paid employee is on a monthly salary of N3 million. There is a clear difference between staff cost and staff salaries.

“It is imperative to point out that right from the inception of the Commission in 2004, the Federal Government mandated the Board to adopt an employee compensation policy that favourably compares to comparator government bodies in the financial services sector, such as the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and the Securities and Exchange Commission (SEC). Section 25(2)(b) of the Pension Reform Act 2014 also empowers the Board of the Commission to fix the remuneration, allowances and benefits of the employees”.

She continued: “More so, the Presidential Committee on the Consolidation of Emoluments in the Public Sector headed by the late Chief Ernest Shonekan, former Head of the Interim National Government, made a number of recommendations which guide the PenCom Board in its compensation review exercises. One of the recommendations is that the pay structure of self-funded agencies should be benchmarked with their private sector comparators so as to ensure relativity in such agencies and attract and retain high-calibre professionals.

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Just in: Tinubu swears in Rivers Sole Administrator Ibas

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Just in: Tinubu swears in Rivers Sole Administrator Ibok-ete Ibas 

President Bola Tinubu has sworn in Vice Vice Admiral Ibok-ete Ibas (Retd.) as the Sole Administrator of Rivers State.

The administrator was sworn in on Wednesday after a short meeting with the President.

Tinubu announced the appointment of the retired naval chief at a nationwide broadcast on Tuesday, when he declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor, Ngozi Odu, and the state House of Assembly members.

The President said his decision was based on Section 305 of the 1999 Constitution, saying he could not continue to watch the political situation in Rivers escalate without taking concrete action.

The suspension of Fubara and other elected representatives has been rejected and condemned by many eminent Nigerians, legal luminaries, groups such as Atiku Abubakar, Peter Obi, Femi Falana, the Labour Party (LP), the Peoples Democratic Party (PDP) and the Nigerian Bar Association.

However, the emergency rule has been praised by the pro-Nyesom Wike Assembly led by Martins Amaewhule, accusing Fubara of contravening the Supreme Court ruling on the political situation in the state.

Ibas was the Chief of Naval Staff from 2015 to 2021.

He is from Cross River State where he had his early education.

The new sole administrator went to the Nigerian Defence Academy in 1979 from where he proceeded to have a successful career in the Navy, rising through the ranks to the very top.

He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management.

President Muhammadu Buhari who appointed him as Chief of Naval Staff conferred him with the National Honour of Commander of the Federal Republic (CFR) in 2022.

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Breaking: Tinubu declares state of emergency in Rivers State

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Breaking: Tinubu declares state of emergency in Rivers State

 

President Bola Tinubu on Tuesday night declared a state of emergency in Rivers State following the protracted political crisis in the state.

Tinubu made the declaration during a nationwide broadcast, saying it is for six months.

He announced the suspension of the Executive Governor, Siminalayi Fubara, his deputy and all the members of the House of Assembly for six months.

He immediately named an administrator, Vice Admiral Ibok-Ete Ibas (Retd), to take charge of the affairs of the state for the six-month period.

Section 305 of the 1999 Constitution interprets a state of emergency as a situation of national danger or disaster in which a government suspends normal constitutional procedures to regain control.

A state of emergency allows the President to immediately make any desired regulations to secure public order and safety. (Channels TV)

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BREAKING: Tinubu addresses Nigerians on Rivers political crisis

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BREAKING: Tinubu addresses Nigerians on Rivers political crisis

 

President Bola Tinubu on Tuesday night will hold a nationwide broadcast to address the crisis in Rivers state.

Bayo Onanuga, special adviser to the president on information and strategy, said the broadcast will be transmitted by the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN).

The broadcast is expected to be held by 7pm today.

 

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