Lagos disburses N398.83m to 136 beneficiaries of deceased public servants
The Lagos State Government has disbursed the total sum of N398,833.591.81 as insurance benefits to 136 beneficiaries of 85 deceased public servants who died while in service of the State Government.
Speaking at the presentation of cheques to the beneficiaries, the Honourable Commissioner for Finance, Mr. Abayomi Oluyomi stated that the payments to families of deceased staff are clear manifestations of the humane nature of Governor Babajide Sanwo-Olu’s administration towards its vibrant workforce.
Imploring the beneficiaries to see the payment as a seed, which is to be invested wisely, Oluyomi emphasised that the Lagos State Government gives priority to insurance welfare packages for its workforce and also to government property. The insurance packages for staff include Group Life and Group Personal Accident, amongst others.
His words: “Payment of the Insurance Death Benefits to the congregation of beneficiaries is to serve as succour to their immediate families to help in the education and general welfare of the younger children.”
The Finance Commissioner also commended LASACO Assurance PLC and Consortium of Underwriters/Brokers for playing their parts in ensuring the sustenance of best practices towards making life much better and rewarding for families of the deceased staff of the State Government under the Global Insurance Policies.
Earlier in his welcome address, the Permanent Secretary, Ministry of Finance, Mr. Temitope Hundogan appreciated the Lagos State Governor for his empathetic and kind gesture of ensuring prompt approval of the insurance premium, just as he encouraged the beneficiaries to put the money into good use.
Also speaking at the occasion, the Managing Director, LASACO Assurance Plc, Mr. Abiodun Razzaq applauded the Lagos State Government for putting smiles on the faces of beneficiaries who lost their loved ones while in active service of the State Government.
He emphasised that Lagos State remains the flagbearer and is always at the forefront in the payment of Insurance Death Benefits.
The event was also attended by Hon. Femi Saheed, Chairman House Committee on Finance.
One of the beneficiaries, Mrs. Abisola Magaret Ogunlola, on behalf of other beneficiaries, expressed her appreciation to the Lagos State Government for the kind gesture.
