estacode

n. funds intended to cover traveling costs (of an athlete, politician, etc.). Subjects: English, Nigeria, Money & Finance

Editorial Note: The term is usually a collective noun, but is sometimes also used as a count noun. Etymological Note: Perhaps from the non-public Estacode, the unofficial rules of British civil service (covering all matters of conduct and discipline, including conflicts of interest and political activities) that eventually became the Civil Service Management Code. The Estacode began about 1944.

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Citations: [1993 David McKie Guardian (U.K.) (Feb. 4) “The fall of the houses of Poulson” p. 2: What there wasn’t was any attention to the Estacode which governs the lives of senior civil servants and says you must never accept gifts from those with whom you have official connections.] 1994 James Jukwey @ Lagos, Nigeria (Reuters) (Jan. 21) “Nigerian money changers—illegal but flourishing”: Many people did, including military and other government officials who exchanged estacode, foreign exchange given to them for overseas trips, on the black market rather than in banks. 1994 Utibe Ukim Newswatch (Lagos, Nigeria) (Oct. 24) “Where Is The Money?”: 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. 2000 Post Express (Lagos, Nigeria) (Oct. 13) “The Rise and Rise of Cameroon Sydney 2000 Fall-out”: No fewer than eight Ministers accompanied the team to USA and were drawing heavy chunks from the scarce estacode, leaving the players to scrounge. 2005 Bisi Lawrence Vangard (Lagos, Nigeria) (Jan. 27) “Waiting for the repeal”: Overseas travel allowances, also known as “estacode,” provides a rich source of money for those who are billed to travel with the national teams or other teams engaged in international competitions.

Posted 27 Jan 05 | Permalink | Tell a Friend