Connect with us


Ambode pays N838m to 141 pensioners



Lagos State Governor, Akinwumi Ambode, has released N838 million for payment of accrued pensions to 141 retirees for February.

A statement by the Lagos State Pension Commission (LASPEC), signed by its Director-General, Mrs Folashade Onanuga, said that the amount was paid to the retirees under the Contributory Pension Scheme (CPS).

She gave the assurance that the payment of the accrued pension rights would continue monthly under the current administration.

“The payment is well structured, transparent, efficient and based on the law of equity.

“I assured all the retirees that the Pensioners’ Identity Card is in progress and wilk be provided as soon as the necessary approval is obtained,” she said.

Also in a statement, Dr. Benson Akintola-Oke, the state Commissioner for Establishments, Training and Pensions, said that N34, 781 billion had been paid into Retirement Savings Accounts (RSA) of 8,548 retirees since 2015.

Akintola-Oke, who represented Ambode at the 48th Retirement Benefit Bond Certificate Presentation (RBBCP) ceremony, implored retirees to put their money only in businesses they could manage.

Akintola-Oke said that the state government was committed to providing retirees with incentives that would give them peace in retirement.

“Ambode focuses on payment of pensioners and other entitlements, and this has earned the state accolades.

“This priority is to eradicate poverty amongst the elderly in our society,” he said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.