estacode
n.— «An NNPC official told Newswatch last week that the corporation had become the source of free fund for government. “The practice is that the ministry passes over some expenditures to the corporation to pay and debit it later. But the refund is hardly made by the ministry.” He cited the case of payment of estacodes to ministry officials by the corporation. As at June, the corporation had paid N140 million to the ministry as estacode allowance.» —“Where Is The Money?” by Utibe Ukim Newswatch (Lagos, Nigeria) Oct. 24, 1994. (source: Double-Tongued Dictionary)
Further reading
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