Lagos State disburses N978.62 million in insurance benefits to deceased workers’ families 

Lagos, in collaboration with LASACO Assurance Plc, on Friday, presented cheques to the beneficiaries.

During a formal presentation on Friday, Lagos Commissioner for Finance, Abayomi Oluyomi, led the distribution of cheques, reaffirming the government’s commitment to supporting public service families.

“Today, we are giving out cheques to over 510 beneficiaries, totaling close to one billion Naira,” Oluyomi stated, acknowledging that some recipients faced delays in payments.

He emphasized that all Lagos State employees—whether alive or deceased—are covered by government-backed insurance programs.

Calling for financial prudence, Oluyomi urged beneficiaries to manage the funds wisely, stressing that another phase of disbursement will occur within three months.

To honor the departed, he requested a minute of silence and prayed for the well-being of their surviving family members.

Oluyomi commended Governor Babajide Sanwo-Olu for prioritizing public sector welfare, citing Lagos State’s payment of over N3 billion in insurance premiums this year to cover employees and government assets.

Additionally, Permanent Secretary Mahmud Alao underscored the need for financial diligence among beneficiaries, warning against lavish spending that could undermine the purpose of the support funds.

Femi Saheed, Chairman of the House Committee on Finance, highlighted legislative oversight in ensuring the government’s compliance with insurance obligations.

He encouraged civil servants to consider personal insurance policies, complementing state-sponsored benefits.

Similarly, LASACO Assurance Plc Managing Director, Rasaq Abiodun, praised Lagos State’s consistency in insurance premium payments, urging recipients to invest their funds wisely.

Leaders from the Association of Senior Civil Servants of Nigeria (ASCSN), including Chairman Segun Balogun, echoed similar sentiments, advocating financial intelligence and stability for beneficiaries.

Expressing gratitude, Mrs. Constance Ajayi, speaking on behalf of the recipients, thanked the Lagos State Government for its timely intervention, sharing her challenges following the loss of her husband.

With the next phase of payments scheduled within three months, the Lagos State Government continues to prioritize financial security for public service families, reinforcing its commitment to social welfare and economic stability.