Ebere Nwoji
The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, has said the state government paid over N1 billion to its retirees in April.
Obilana, disclosed this while speaking at the retirement bond certificates presentation ceremony to the 84th batch of the Contributory Pension Scheme (CPS) retirees in Lagos.
“In the hall today, we have a total number of 358 retirees whose pension rights of N1.006 billion have been credited into the Retirement Savings Accounts,” he said.
He said Lagos State has been consistent with its leadership role in the implementation of the CPS in line with the provisions of the Lagos State Pension Reform Law of March 19, 2007 now amended.