Lasaco Assurance Plc has paid N353m as insurance claims to the beneficiaries of 128 deceased local government and State Universal Basic Education Board employees in Lagos State.
In a statement on Wednesday, Lasaco Assurance said, “Under
the leadership of Governor Babajide Sanwo-Olu, the Lagos State Government
demonstrated its commitment to the well-being of local government staff in
collaboration with Lasaco Assurance Plc by approving the disbursement of N353m
as insurance benefits to 128 beneficiaries of the deceased staff.”
During the recent presentation of cheques to the
beneficiaries, held in Ikeja, Lagos, the Commissioner for Local Government,
Chieftaincy Affairs, and Rural Development, Mr Bolaji Robert, highlighted the
government’s efforts to prioritise the welfare of its workforce.
He mentioned that over the past year, the ministry disbursed
N391m to 264 beneficiaries of local government staff and SUBEB, demonstrating
the government’s consistent commitment.
The Permanent Secretary, Ministry of Local Government,
Chieftaincy Affairs, Mrs Kikelomo Bolarinwa, also commended Lasaco Assurance
and Haggai Insurance Brokers for their accountability and diligent efforts in
ensuring the seamless distribution of the insurance benefits to the
beneficiaries.
One of the beneficiaries, Mrs Matilda Mnakwe, expressed
gratitude for the support and affirmed that the funds would be used wisely.
The Managing Director of Lasaco Assurance, Mr Razzaq
Abiodun, commended the government for its continuous payment of insurance
benefits to its employees, emphasising that the firm remained committed to
providing financial security and peace of mind to its customers.
Meanwhile, the Federal Government has been urged to always
ensure that policies on the administration of pension funds ultimately
translate into financial security for civil servants after retirement.
This advice was shared by some civil servants from the southwest zone of the country under the aegis of the Association of Senior Civil Servants of Nigeria Nigerian Navy, at a seminar, tagged ‘Pension Fund Administration and Retirees Benefits.’