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PENCOM’S Obnoxious 300% Severance Allowances

Just almost at the time the former Director-General (DG) of the Security and Exchange Commission (SEC), Mounir Haliru Gwarzo, was charged to court by the Independent Corrupt Practices and Related Offences Commission (ICPC) for allegedly paying to himself N104.8 million in severance benefits, a reputable national daily also broke the news that the terminal benefits of Acting DG of the National Pension Commission (PENCOM), Mrs. Aisha Dahir-Umar, and other senior staff of the agency were radically increased  by a whooping 300 per cent.

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