Ambode clears N37.546bn pension arrears (Nation)

The Lagos State Pension Commission (LASPEC) said Gov. Akinwunmi Ambode of Lagos State, has paid a total of N37, 546 billion to pensioners since 2015. According to a statement signed by the Director-General of LASPEC, Mrs Folashade Onanuga, on Sunday in Lagos, the figure represented the total pension paid to 9,045 retirees of the state. The LASPEC Director-General said the governor released N859, 059 million to offset the Accrued Pension Rights of 158 retirees under the Contributory Pension Scheme (CPS) in May. She said earlier N859, 059 million was paid to 158 Public Service retirees, bringing the total pension paid by the governor since assumption of office to N37, 546 billion. She explained the governor had been releasing funds every month to off-set the backlog of pension to Lagos retirees. Read more