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Home Insurance

DG not involved in any fraud, says PenCom

Business 360 by Business 360
August 1, 2023
in Insurance, News
0
IMF cautions developing nations against early retirement policies

PenCom, the National Pension Commission, has unequivocally refuted the authenticity of documents circulating regarding its Director-General, Mrs. Aisha Dahir-Umar. The alleged documents purportedly claimed that she had incurred exorbitant travel expenses during the COVID-19 pandemic.

In a statement, PenCom categorically denied the accusation, terming it a baseless fabrication by those seeking to tarnish the reputation of the organization and its Director-General. The commission firmly asserted that there was no truth to the claim that Mrs. Dahir-Umar spent millions of dollars on travel during the pandemic.

PenCom emphasized that even if Mrs. Dahir-Umar had spent an extended period outside the country, she would not have been entitled to the claimed “humongous estacodes” as alleged. The commission stated that the accusations were malicious and designed to deceive the public.

Furthermore, PenCom highlighted that the promoters of this false narrative had gone to great lengths to create counterfeit documents and invent non-existent bank accounts to lend credibility to their fabrication. However, the commission stressed that no matter how many times this falsehood was repeated or recycled, it could never transform into the truth.

The report alleging that Mrs. Dahir-Umar received millions of dollars as a travel allowance for trips she did not undertake in 2020 was categorically dismissed as entirely false and lacking any factual basis.

PenCom reassured the public of its commitment to transparency and integrity in managing pension funds and discharging its responsibilities. The commission called on the public to disregard the misleading information and assured that the organization would continue to operate with the highest ethical standards.

As the dust settles on this fabricated controversy, PenCom remains steadfast in its pursuit of serving the public interest and ensuring the stability and security of pension funds. The organization’s integrity and credibility remain unshaken, and it will continue to focus on its mandate to safeguard the interests of pensioners and promote the sustainability of the pension system.

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