Lagos Pays N1.7bn Retirement Bond Certificates

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Babatunde Fashola, Governor Lagos State

Babatunde Fashola, Governor Lagos State

No fewer than 350 retirees from Lagos state civil service have received retirement bond certificates worth N1.7 billion from the Lagos State Government.

The money was disbursed to the Retirement Savings Accounts of the 350 retirees. The Lagos State Governor Mr. Babatunde Fashola was represented by his deputy Mrs. Adejoke Orelope –Adefulire who  officially presented their bond certificates to them at the event held at the NECA Building, Alausa in Ikeja, Lagos.

Presenting the certificates to the beneficiaries, Fashola said the main objective of the scheme was to ensure that retirement benefits were paid as and when due in order to ensure comfort of retirees in retirement.

He explained that since the commencement of the Contributory Pension Scheme, the government had chosen to pioneer the implementation of a pension policy that would secure the future of public servants.

“While there will always be room for improvement of the process, I am proud to assert that issues of malpractice are fading into a distant memory in our state’s pension administration. We have demonstrated the greatest commitment to the success of the scheme,” Fashola added.

In : Lagos