Lagos pays N723 million to 149 retirees


Dr Benson Oke

The Lagos State Government on Tuesday paid accrued rights of N723 million into the Retirement savings Accounts of 149 retirees for the Public Service.

It was the 47th Retirement Benefit Bond Certificate Presentation Ceremony held On Tuesday at the NECA House, Ikeja, Lagos, Southwest Nigeria.

Commissioner for Establishments, Training and Pensions, Dr. Benson Akintola, who represented Governor Akinwunmi Ambode said the governor’s interest in well being of the retirees had been the driving force of the state government’s commitment to regular funding of pension obligations.

Dr. Akintola said, Ambode has been able to expend N33. 943 billion in form of accrued pension rights to 8,409 retirees in the last 30 months, aside from the regular monthly contributions into the RSAs of active workers.

“We have been able to clear the backlog of outstanding pension…

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