Home Business Pension Lagos Releases N466.855m to 187 Retirees in July
Pension

Lagos Releases N466.855m to 187 Retirees in July

Share
Share

Gov. Akinwunmi Ambode

 

 

PRESS RELEASE—The Lagos State Government has again credited N466.855m to the Retirement Savings Accounts of 187 of its retirees under the Contributory Pension Scheme for the month of July. More retirees from the State Universal Basic Education Board (SUBEB) benefitted from this batch of payment.
The Presentation took place on Monday, 30th and Tuesday, 31st July, 2018 at the Office Complex. The Commissioner for Establishments, Training and Pensions, Dr. Akintola Benson Oke stated that despite the scarcity of funds, His Excellency, Mr. Akinwunmi Ambode still holds the pensioners in high esteem by making sure he releases funds every month for the payment of their entitlements. He said that 9,401 retirees have been paid under the present administration a huge amount of money which is approximately N38.5 billion.
The Director-General, LASPEC, Mrs. Folasade Onanuga in her welcome address said that the Lagos State Government will continue to play the Mother-hen role.
She also used the medium to advice retirees amongst others on the importance of putting their houses in order for any eventuality by making sure they write their Wills whilst they are still active.
In addition, she said that they should be active in retirement, because the more they move around, the better for their health.
In appreciation, two of the retirees, Mr. Orisayomi Olafemi and Mrs. Adewole C.B commended the effort of the Governor in accelerating the process of payment of retiree entitlements, which they said could not be compared with what obtained in other States.
Lawal, B. A
Public Affairs officer

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Stanbic IBTC Pension Managers Offers ₦50 Million For FUZE 3.0, Unveils Panel Of Judges

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has officially...

Stanbic IBTC Pension Managers Supports ART X Lagos

Stanbic IBTC Pension Managers, a financial institution in Nigeria, has once again...

PenOp Elects Edidiong Akan, Temitope Anjorin, Tunde Folayan As New Compliance Executives

BY NKECHI NAECHE– ESEZOBOR-– In a bid to address pension industry challenges...

PenCom, PenOp, Explore Growth Opportunities In Sharia-compliant Investments

NKECHI NAECHE- EsSEZOBOR–The National Pension Commission ( PenCom) along with Pension Fund...