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292 Lagos Pensioners Get N1.51bn

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babajide sanwo olubabajide sanwo olu

By Adedapo Adesanya

The Lagos State Government has paid N1.51 billion to 292 pensioners, restating its commitments to the welfare of pensioners, pledging to pay all pension entitlements.

In a statement by the Public Affairs Officer, Lagos State Pension Commission (LASPEC), Mrs Mariam Adetokunbo Eko, it was stated that this disclosure was made at the 82nd Bond Presentation Ceremony was held on Tuesday, February 16.

She explained that 292 pensioners’ Retirement Savings Accounts (RSAs) were credited with the amount so as to make the beneficiaries enjoy their out-of-service life.

Speaking at the event, the Director-General of LASPEC, Mr Babalola Obilana, assured retirees of the state government’s dedication to the well-being of its workforce even in retirement.

At the ceremony, which took place at the LASPEC Hall, NECA House, Alausa in full compliance with COVID-19 protocols, Mr Obilana disclosed that previously bond certificates were released to Pension Fund Administrators.

However, in order to ensure excellent and efficient service to retirees, the agency embarked on and satisfactorily issued certificates to pensioners personally.

In his words, “LASPEC has gone beyond the excuses of retirees waiting endlessly before they can gain access to their funds, the world is moving forward and so are we. We are dedicated to our retirees because they have painstakingly contributed their quota towards making a Greater Lagos.”

Mr Obilana further charged the retirees to ensure that they have proper documentation to avoid delay in payment due to wrong or missing documents.

He also told the retirees to be wary and not become victims of fraudsters.

“LASPEC is devoted to ensuring that all entitlements are paid into the right sources after departure from the Civil Service. There are many people devising means of defrauding retirees of their dividends from long service.

“That is why we operate an open-door policy to all on pension matters. LASPEC will not call or send you messages to charge you to get your entitlements,” he noted.

Mr Obilana thanked Governor Babajide Sanwo-Olu for making the welfare of the employees a priority and for not withholding funds for retired staff amidst the COVID-19 pandemic and the aftermath of the EndSARS protest.

He assured retirees that Governor is working assiduously to ensure that they do not have to wait for years before they receive their pensions from the State.

He urged the staff to uphold a good service relationship with retirees mainly because it is the core culture, norm and belief of LASPEC, stressing that the agency’s goal for 2021 is to take an instant stand on openness and accountability.

Earlier, the Principal Legal Officer, LASPEC, Ms Abimbola Akintayo gave an overview of options available to retirees, stating that the two options available are Programmed Withdrawal and Annuity. She urged the retirees to choose an option based on personal circumstances and not follow the crowd.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Dangote Unveils Phone Number to Report MRS Stations Selling PMS Above N739

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By Modupe Gbadeyanka

A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.

The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.

This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.

“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.

“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.

The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.

Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.

By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.

The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.

“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.

Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.

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ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation

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ANLCA Airport Chapter

By Bon Peters

The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.

At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.

At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.

“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.

He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.

The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating  trade and increasing Revenue generation.”

“I remember I told her she was a mother during her maiden visit to the airport.

“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.

“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.

Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.

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FG Declares Holidays for Christmas, New Year Celebrations

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as public holidays

By Adedapo Adesanya

The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.

The government also declared Thursday, January 1, 2026, for the New Year celebration.

The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.

According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.

Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.

He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.

Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.

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