Sanwo-Olu Pays All Outstanding, Unremitted Pensions To Lagos Water Corporation Staff, Retirees

• Disengaged staff of the Lagos Water Corporation recently received their compensation.

• The corporation’s retirees have also now received their outstanding pensions to date.

• The LWC says it is now now fully compliant with the State’s Pension Commission.

Eko Hot Blog reports that Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has facilitated payments of all outstanding, unremitted pension contributions of staff/retirees of the Lagos Water Corporation (LWC).

The development was contained in a statement released by the LWC Managing Director, Engr. Mukhtaar Temitope Tijani over the weekend in Lagos.

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The payment of the pension contributions follows the recent payments of compensation and other benefits to disengaged staff of the corporation.

Engr. Mukhtaar explained that the pension payments covered outstanding for the period of August 2011 up to Oct, Nov, Dec, 2016.

He explained further that millions of naira were remitted to the preferred Pension Fund Administrator Accounts (PFAs) of all Staff, both active and disengaged.

“Also, in his exemplary commitment to ensuring the timely and consistent payments of all the Corporation’s financial obligations, LWC boss was pleased to announced that Mr. Sanwo-Olu has graciously settled the accrued rights (bond) of the Corporation retirees up to Dec 2022,” the statement reads.

“This represents past service of staff dating back to May 2007 before the commencement of the contributory pension scheme.”

On this development, the LWC Managing Director emphasized that the corporation is now fully in compliance with the State Regulatory body; Lagos State Pension Commission (LASPEC).

Engr. Mukhtaar, therefore, thanked the state governor for his “unwavering dedication, integrity and commitment to upholding justice and fairness to all.”

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He also commended Sanwo-Olu for his continued advocacy and efforts for LWC staff and retirees.

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