Lagos Gives 181 Retirees N524.5m

By Modupe Gbadeyanka

Retirement Benefit Bond Certificates worth N524.5 million have been presented to another batch of 181 retirees by the Lagos State Government. Many of the beneficiaries were from the mainstream of the state’s civil service.

Director-General, LASPEC, Mrs Folashade Onanuga, who disclosed this while speaking at the 62nd Retirement Bond Presentation Ceremony at NECA House, CBD Alausa, added that there have been various challenges relating to the provision of pension entitlements but Lagos State has ensured that payment is given priority.

She said that the Lagos State Government had always been in the vanguard of employees’ welfare because the current administration gives high priority to the welfare and wellbeing of all staff, both active and retired.

The Director-General reiterated that the retirees need to take good care of their health by going for comprehensive periodic check-ups and desist from frivolous spending.

She also advised them not to desire quick gains as fraudsters would make offers to defraud them of their hard-earned benefits.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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