Lagos Disburses Over ₦1 Billion Pension Bonds to 463 Retirees

According to a statement made available to TVC on Wednesday, the sum of ₦1,006,057,173.45 was credited into the Retirement Savings Accounts of retirees drawn from the mainstream civil service, Local Governments, Local Council Development Areas (LCDAs), the State Universal Basic Education Board (SUBEB), Teaching Service Commission (TESCOM), and other state parastatals.

The statement revealed that the Head of Service, Mr Bode Agoro, while speaking at the 111th Retirement Bond Certificate Presentation Ceremony held at the NECA Auditorium, Alausa, Ikeja, on Monday, described the event as a testament to the Sanwo-Olu administration’s unwavering commitment to the welfare of workers, both serving and retired.

Under Governor Babajide Sanwo-Olu’s leadership, Lagos has remained consistent in ensuring the prompt presentation of bond certificates to retirees, leading to the speedy payment of their retirement benefits,” Agoro said, adding that the gesture reflected the huge premium the governor placed on the welfare and well-being of our senior citizens.

Agoro, who was represented by the Director, Post Service, Public Service Office, Mrs Bukola Durodola, urged the beneficiaries to use their entitlements judiciously, saying that the state government remains deeply invested in the welfare of retirees even after service.

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