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PenCom DG Aisha Dahiru Falsely Accused of $1.8m Misappropriation—Investigation

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By Modupe Gbadeyanka

An investigation conducted by the Coalition of Civil Society Organisations (CSOs) in Nigeria has revealed that the Director General of the National Pension Commission (PenCom), Mrs Aisha Dahiru-Umar, did not misappropriate any funds to the tune of $1,800,480 and N4,965,327 as alleged.

A group known as the Centre for Public Accountability (CPA) had accused the PenCom DG of receiving $1,800,480 in estacode on January 3, 2019, on a Washington DC trip.

It was further alleged that she was paid another N4,243,116 on March 13, 2020, on airfare to attend the Reinventing HR Summit in London and collected an additional estacode of N3,077,648. CPA also claimed the woman received $259,200 on the trip.

The CSOs had to launch a probe into these allegations, and it was discovered that she was not involved in the alleged misappropriation of funds by the agency.

According to the findings, the accusations are “false, frivolous, unfounded, malicious and figment of the imagination of the actors whose primary aim we came to understand is to distract the Director General from her giant reformatory drive in the commission.

“Simply put, the allegations and the documents being bandied were hurriedly cooked up by seekers of favour as a bargaining chip to seek political appointment under the President Bola Tinubu government,” a part of the report pointed out.

The group said in a joint world press conference on Wednesday that it conducted the investigation using a pool of experts who assessed the claims by CPA.

Based on their findings, the allegations and documents “being bandied were hurriedly cooked up by seekers of favour as a bargaining chip to seek political appointment under the President Bola Tinubu government.”

The report said contrary to the claims that Ms Aisha-Dahiru was paid N4,243,116, N3,077,648 and $259,200 for trips in 2020, countries, including Nigeria, were on lockdown.

“For the avoidance of doubt, it was alleged that the said estacode was received in the year 2020. This again raises a red flag in the entire choreographed episode. You will agree with me that the entire global community was on a total lockdown — no movement of persons within and outside the country.

“In fact, there was no inter-state travels as a result of the Covid-19 pandemic, which held the global community by the jugular. Despite this, our team meticulously and methodologically deployed their technical know-how and discovered NOTHING implicating the Director General.

“Investigations, however, revealed that what was at play is simply a demonstration of envy, bitterness, powerplay and unexplained gang-up against the Director-General by persons who are afraid that the giant feat she has achieved since assumption of office is displacing the old order thereby thwarting their efforts to keep the entire sector perpetually backwards in a rapidly moving world for their own nefariously selfish intentions.

“It is one of those scenarios where people fabricate malicious allegations to cheaply blackmail performing heads of government institutions with the primary objective to distract them and instigate their appointor (the President) against them,” the report noted.

It also highlighted the sterling performance of the PenCom boss since she became the acting DG and was later confirmed in 2020 by former President Muhammadu Buhari.

The CSO report said she raised the country’s pension asset from N6.42 trillion in 2017 when she came on board to N15.5 trillion as of February 2023.

The report also highlighted how reformed the pensions industry is through recapitalization from N1 billion to N5 billion.

“Another first in the nation’s pension industry is the approval of structured reduction of fees on the Net Asset Value of pension fund assets as well as the introduction of the Micro Pension Plan for the participation of informal sector workers in the Contributory Pension Scheme.

“Among many other brilliant innovations she has introduced is the mortgage scheme for retirement savings account holders, which enables RSA holders to use the balance of their RSA savings for the purpose of mortgage.

“The DG’s visible reformatory drives led to the approval by the former President of the sum of N159.466 billion for the payment of outstanding accrued rights and other pension liabilities of the government’s retirees.

“That is an open expression of confidence in the leadership of PenCom under Mrs Dahir-Umar.”

The report recalled how similar allegations were made against the PenCom boss under former President Buhari which failed because it lacked substance.

It added, “While we pass a vote of confidence on the Director General of PenCom, we appeal to all stakeholders to ignore the unfounded allegations against her and continue to offer support as she is poised to give all Nigerians a life worth living post-retirement.

“We call on President Bola Tinubu to sustain the federal government’s support towards the total overhaul of the country’s pension sector for a collective success in the interest of our senior citizens and all other members of our society.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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SERAP Sues INEC Over Alleged Diversion of N800bn Campaign Funds

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By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has approached the court against the Independent National Electoral Commission (INEC) over an alleged N800 billion campaign fund diversion.

The organisation is seeking to compel the electoral body to investigate allegations that about N800 million from the Federation Account Allocation Committee (FAAC) allocations was diverted by governors elected on the platform of the All Progressives Congress (APC) to finance political and campaign activities.

The suit, marked FHC/ABJ/CS/1426/2026, was filed at the Federal High Court in Abuja last week, but no date has been fixed for the hearing of the suit.

SERAP is asking the court to issue an order of mandamus directing INEC to investigate the claims that the governors channelled public funds into a dedicated campaign account allegedly meant to support President Bola Tinubu’s 2027 re-election bid.

The organisation is also requesting an order compelling INEC to demand full disclosure from the governors and the APC on any contributions made to such a campaign fund, including the identities of donors and the lawful sources of the funds.

In addition, SERAP wants the electoral commission to commence a comprehensive review of compliance with Section 91 of the Electoral Act by political parties and candidates, particularly regarding campaign financing and the sources of political donations.

According to SERAP, the allegations raise fundamental concerns about transparency in political financing, electoral fairness and the constitutional rights of Nigerians to participate freely in democratic governance.

The organisation argued that opaque campaign financing remains a major avenue for corruption and weakens public confidence in democratic institutions.

It maintained that the alleged misuse of public funds for political purposes threatens the credibility of the 2027 general election and undermines public trust in the electoral process.

In the suit filed by its lawyers, Mr Kolawole Oluwadare and Ms Kehinde Oyewumi, SERAP argued that the reported diversion of public resources for campaign activities warrants immediate action by INEC under its constitutional and statutory responsibilities.

The group stated: “The abuse of state resources for electoral advantage undermines democratic integrity and public trust. Fairness, transparency, and accountability in political or campaign finance are essential safeguards against corruption, state capture, and undue influence in democratic processes.”

SERAP further argued: “The allegations of diversion or opaque use of public funds pose a grave risk to the integrity of the 2027 general elections.”

The organisation said large-scale public financial allocations, combined with weak oversight and limited transparency, provide sufficient grounds for INEC to activate its investigative powers.

Referring to Section 91 of the Electoral Act, SERAP noted that the law empowers INEC to regulate political donations, enforce contribution limits, demand disclosure of funding sources and impose sanctions where violations occur.

The organisation explained that political parties found to have exceeded donation limits risk fines of up to ₦10 million and forfeiture of excess funds, while individuals who exceed prescribed limits are liable to penalties amounting to five times the excess contribution.

SERAP also contended that campaign financing derived from public resources distorts electoral competition and violates constitutional principles guaranteeing free, fair and transparent elections.

According to SERAP, INEC has a constitutional duty to ensure compliance with campaign finance regulations and to investigate allegations that could compromise the integrity of the electoral process.

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2027 Elections: INEC Extends Candidate Submission Deadline to July 14

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By Adedapo Adesanya

The Independent National Electoral Commission (INEC) has shifted the deadline for political parties to submit the names and credentials of candidates seeking to contest the 2027 presidential and National Assembly elections.

The electoral body announced that parties now have until midnight on Tuesday, July 14, to complete the process, extending the earlier deadline of Saturday, July 11.

Under INEC’s timetable for the 2027 general election, political parties were expected to upload the names and personal particulars of their presidential, Senate and House of Representatives candidates before the initial cut-off date.

Explaining the decision, INEC said the extension followed appeals from political parties that had encountered difficulties meeting the deadline.

In a statement issued on Sunday, the National Commissioner and Chairman of the Information and Voter Education Committee, Mr Mohammed Haruna, said the request was formally conveyed through the Inter-Party Advisory Council (IPAC).

According to him, IPAC sought additional time on behalf of parties that were yet to complete the submission of their candidates’ details through the commission’s portal.

“The decision to extend was based on an appeal by the Inter-Party Advisory Council, on behalf of political parties who were unable to upload the names and personal particulars of their candidates within the scheduled timeline,” Mr Haruna stated.

INEC noted that the extension is intended to give all eligible parties a fair opportunity to comply with the requirements of the electoral process while remaining within the framework of the law.

The commission also urged political parties to utilise the extra period to finalise and upload all required information ahead of the revised deadline.

“The commission enjoins political parties to take advantage of this window of opportunity and ensure that all necessary details are uploaded before the expiration of the new deadline,” the statement added.

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2027: Tinubu Retains Shettima as Vice Presidential Candidate

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By Dipo Olowookere

Nigeria’s Vice President, Mr Kashim Shettima, will run as the vice-presidential candidate of the All Progressives Congress (APC) in the 2027 presidential election.

President Bola Tinubu retained Mr Shettima as his running mate for re-election next year, according to the National Chairman of the APC, Mr Nentawe Yilwatda.

In a post on Friday on X, the ruling party chairman described this as “another significant milestone in the journey of our great party.”

He also said it reaffirms the party’s collective resolve to sustain the Renewed Hope Agenda and deepen the progress already being recorded across the country.

It was gathered that Mr Tinubu submitted his presidential nomination forms today through his Special Adviser on Political and Other Matters, Mr Ibrahim Masari.

The submission was done ceremony at the Continental Hotel, Abuja, attended by several party chieftains, including The event brought together an impressive array of leaders of our great party, including the Chairman of the Progressive Governors’ Forum and Governor of Imo State, Mr Hope Uzodimma; Governor Mai Mala Buni of Yobe State, Governor Nasir Idris of Kebbi State, Governor Abba Kabir Yusuf of Kano State, Governor Uba Sani of Kaduna State, Governor Babagana Umara Zulum of Borno State, Governor Ahmadu Umaru Fintiri of Adamawa State, as well as other governors, party executives and critical stakeholders from across the federation.

“The All Progressives Congress remains focused on strengthening its grassroots support, consolidating the achievements of the Renewed Hope Agenda and working together to build a more prosperous, secure and inclusive Nigeria for all,” the party leader stated.

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