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LASPEC DG alerts retirees on pension fraudsters

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By ABDUL OLALEKAN

The Director-General, Lagos State Pension Commission, LASPEC, Mrs Folasade Onanuga, has alerted retirees to beware of pension fraudsters who deceive retirees into believing  that there are balances to be paid to them and make demands on them.

Onanuga, who gave the admonition at the 26th Retirement Benefit Bond Presentation in Alausa, Ikeja, Lagos, added that some retirees have fallen victim of these fraudsters in the past, calling on retirees to ignore any call mandating them to pay certain amount before they could access their pension entitlement.

She urged pensioners to make judicious use of their pension benefits to establish themselves in business they are competent in, saying, retirees must carefully take decisions on how the funds will be utilised.

She reiterated the fact that in the not too distant future, all retirees will receive their entitlements.

At the event, a total sum of N1, 080 billion were paid through bond certificates to 260 retirees from the Mainstream, Local Government, SUBEB, TEPO and Parastatals of Lagos State Government, under the Contributory Pension Scheme (CPS).

This sum was for the entitlements of the benefiting retirees for the month of April, 2016.

Speaking on this development, Onanuga, said the fact that the current administration in the state commenced and has been able to maintain the trend of paying terminal entitlements of retired employees monthly since it started in August, 2015, is highly commendable.

This payment, she said, has brought the number of retirees paid between August 2015 to April, 2016 to 3,069. The total accrued right paid by the State Government from the aforementioned month to date, according to her, is N13. 701 billion.

 

 

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