Business
Ambode Releases N720.5m For Lagos Retirees
Lagos State Government says it has released about N720.5 million to settle backlogs of 190 pensioners’ entitlements under the Contributory Pension Scheme (CPS).
The Director-General, Lagos State Pension Commission (LASPEC), Mrs Folashade Onanuga made the disclosure on Monday in Lagos.
Onanuga said the total pension fund released by Gov. Akinwunmi Ambode’s administration from August 2015 stood at N39.5 billion.
According to her, “9,591 retirees have had accrued rights of N39,450 billion paid into their Retirement Savings Accounts (RSA) from August 2015, when Ambode assumed the office, till date.’’
Onanuga said that pensioners were on the payroll priority of the state, hence the monthly release of pension payments by the state government.
“Lagos is happy that the backlog which was on ground at the beginning of the administration of Governor Ambode has been cleared,’’ she said.
Onanuga thanked the retirees for their contribution to the development of Lagos State and assured them of the governor’s commitment to their welfare in retirement.
She advised the retirees to spend wisely in retirement, saying “any project you know you cannot finish, don’t put your money into it”.
Business
NIMASA Commits To Creating Enabling Environment For Maritime Business

Business
FG Inaugurates Special Committee Against Boat Accident

Business
LASG Arrests Illegal Dredgers … Issues Stop Work Order
-
Politics5 days ago
Ahead November Poll: We’re Best Option For Anambra – PDP
-
Politics5 days ago
Withdraw Suit Against Akpabio, Ex-Senate Minority Leader Urges Natasha
-
Politics5 days ago
Niger Delta Youths Fault S’Court Verdict On Rivers
-
Politics5 days ago
Lagos Assembly Crisis: Rhodes-Vivour Calls For End To “Troubling Pattern”