- Lagos State Governor, Mr Akinwunmi Ambode recently put smiles on the faces of retirees with the presentation of Retirement Benefit Bond Certificates to 658 retirees in the State.
- He disclosed that since the inception of the Contributory Pension Scheme in the country, Lagos State continued to be in the forefront of ensuring efficient and effective pension scheme administration.
- With the 18th retirement benefit bond certificate presentation, a total liability of Seven Hundred and Sixty-One Million, Eight Hundred and Twenty-Eight Thousand, Seven Hundred and Fifty-Seven Naira, Eighty-One Kobo (N761,828,757.81) was absorbed by the State Government on behalf a total of 230 retirees from 12 State Government Parastatals.
According to Governor Ambode: “for retirees in the state, Local Government and SUBEB, a total number of 428 retirees already had accrued rights for a total sum of One Billion, Five Hundred and Nine Million, Three Hundred and Forty-One Thousand, Five Hundred and Eighteen Naira, Sixty-Six Kobo(N1,509,341,518.66) credited into their Retirement Savings Accounts”
“In essence, for the 18th Batch Retirement Bond Presentation ceremony, the State has expended the sum of Two Billion, Two Hundred and Seventy-One Million, One Hundred and Seventy Thousand, Two Hundred and Seventy-Six Naira, Forty-Seven Kobo (N2,271,170,276.47) on a total number of 658 retirees” he said.
