N4.48 billion pension benefits paid to 1,455 Lagos retirees: LASPEC
The Lagos government said it paid another set of 1,455 retirees N4.48 billion on Thursday as accrued pensions disbursed for March.
The payment was made at the 104th retirement bonds certificate presentation organised by the Lagos State Pension Commission (LASPEC).
At the 103rd retirement bonds certificate presentation in February, when LASPEC paid N3.2 billion in accrued pensions to 1,013 retirees, Governor Babajide Sanwo-Olu pledged to pay at least N4 billion in March.
The governor assured that the state government would pay another N3 billion in April to settle all outstanding accrued pensions before the middle of the year.
“While we acknowledge the backlog in the payment of accrued rights, our attention is focused on systematically eliminating the backlog,’’ Mr Sanwo-Olu said in February.
He expressed confidence then that the government’s aspiration for a “pay-as-you-go” model would be realised before the end of his tenure.
LASPEC’s director-general, Babalola Obilana, said at Thursday’s presentation that funds released were for civil servants who retired before the Contributory Pension Scheme in 2007.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
NiMet predicts three-day thundery, sunny weather conditions across Nigeria
According to NiMet, isolated thunderstorms are expected over parts of Kaduna and Taraba.
States
Abia, Imo residents, retailers decry rising costs of foodstuffs
Correspondents who monitored the situation in the two cities report that prices of food items have hit the rooftops and are now beyond the reach of average Nigerians since January.
NationWide
APC chieftain urges Tinubu to monitor N200 billion intervention fund
He urged Nigerians to continue to support the president for the delivery of more dividends of democracy.
Health
FG tasks veterinarians on vigilance in curtailing zoonotic disease outbreak
He said that veterinary competencies must be regarded as an essential and integral part of health at large.
Lagos
Man allegedly drowns In lagoon to escape arrest
The image maker said that the scene was visited by the police.
States
Police rescue pregnant woman from kidnappers in Enugu
Mr Ndukwe noted that the identities of the suspects had been withheld for investigation reasons.
