Lagos pays N1.3bn to another set of retirees

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The Lagos State Government has paid, more than N1 billion into the Retirement Savings Account (RSA’s) of 246 retirees in the state’s public service for October.

Mr. Babalola Obilana, Director-General, Lagos State Pension Commission (LASPEC), made the disclosure in a statement on Sunday in Lagos.

“A total of one billion, three million, three hundred and seventy-four thousand, three hundred and seventy-two Naira, sixty-eight kobo was paid,” Obilana said.

He explained that the beneficiaries included employees from the mainstream service, Local Government Service, State Universal Basic Education Board (SUBEB), Teaching Service Commission (TESCOM), and other parastatals of the state government.

According to him, Gov. Babajide Sanwo-Olu has consistently paid the monthly entitlements of retirees and backlog of some unpaid pension inherited from previous administrations.

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