Connect with us

News

Lagos State Increases Retiree Pension By 33%

There is a reason to smile at least of retired civil and public servants in Lagos State as the state has just announced a 33% increase in retiree pension for all public servants. This was made known by the governor of the state, Mr. Babajide Sanwo-Olu who approved the incremental adjustment under the Defined Pension Scheme (DBS).

The implementation of the New Minimum Wage Act will see a repeal of the pension law enacted by the former governor of the state, Mr. Akinwunmi Ambode. This latest development was revealed to The Nation newspaper by the Director-General, Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana.

Explaining the move, the LASPEC DG said it had become necessary to repeal the former pensions law as it hindered the current administration from carrying out certain obligations in the legal sense of things. However, with the repeal, the cost of government has been reduced for the state, freeing up much-needed funds for the implementation of the New Minimum Wage Act.

On the issue of a delayed payment of pensions and all other issues affecting the payment of pensions, Mr. Obilana said the government is steadfast in ensuring that those issues become a thing of the past, stating the fact that Lagos state so far is the only state in the country that is up-to-date in terms of their compliance to pensions remittals to the   Retirement Savings Account (RSAs) of pensioners under the Contributory Pension Scheme (CPS).

Read Also: Insecurity In Nigeria: Lagos State Set To Ban Commercial Motorcyclists

On this issues of pension fund remittals, he said:

“Since the inauguration of his administration, a total number of 7,308 retirees had their Accrued Pension Rights of N29.1 billion credited into their RSAs between May 2019 and last month.

“The status of implementation of states’ report collated by the National Pension Commission affirmed that Lagos State is the only state with a valid Group Life Insurance Policy for its employees. This is evidence of the state government’s dedication to the financial security of its workers, post-service, and beyond.

“Let me also add that Lagos State Government has been consistent in her leadership role in the implementation of the CPS in line with the provisions of the Lagos State Pension Reform Law of March 19, 2007, now amended on February 22, 2019.”

The LASPEC boss also reiterated the fact that the agency has been recognized for its effort in the pension industry.

“The payment of accrued rights to retirees of the state is carried out systematically and scheduled by year of exit. The retirees are, therefore, not under any coercion to offer kickbacks to the staff of the Commission to ensure payment.

“A testament to the governor’s commitment to the welfare of pensioners is the recent honor bestowed him by the Nigerian Union of Pensioners (N.U.P) who presented the distinguished award of Excellence and Greater Commitment to Pensioners’ Welfare to the representatives of the Lagos State Government at its 11th Quadrennial National Delegates Conference in Abuja.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Wole Soyinka Reveals He’s Been Banned from Entering the United States

Nobel Prize-winning writer Wole Soyinka says the U.S. has withdrawn his visa and requested its physical cancellation in Lagos. Wole Soyinka said on Tuesday that the United States had revoked his non-immigrant visa issued last year, and that he had been informed he must reapply should he wish to visit the U.S. again.

The 91-year-old writer had torn up his U.S. green card and renounced his American residency in 2016 in protest of the election of President Donald Trump. The Nobel laureate has held regular teaching appointments at American Ivy League universities since the mid-1990s, following his Nobel Prize for Literature in 1986.

“The moment they announce his victory, I will cut my green card myself and start packing up,” Soyinka had said.

On Tuesday, Soyinka presented reporters with a letter from the U.S. Consulate General in Lagos requesting that he bring in his passport for the physical cancellation of his visa.

The letter, dated 23 October, stated that “additional information became available” after the visa had been issued. The U.S. Embassy in Nigeria did not immediately respond to a request for comment.

“I have no visa; I am obviously banned from the United States, and if you want to see me, you know where to find me,” Soyinka said, addressing those who might have planned to invite him to events in the U.S.

In July, the U.S. Embassy in Nigeria announced that Nigerians applying for non-immigrant visas would now receive single-entry, three-month permits, rolling back the previous policy that had allowed multiple-entry, up to 5-year visas.

Continue Reading

News

“I Feel Sorry for Men with One Wife” – Ned Nwoko Has No Regrets After Marrying 4 Wives

Senator Ned Nwoko, who represents Delta North, has finally opened up about his marriage to Nollywood actress Regina Daniels, addressing weeks of speculation, accusations, and viral clips that set social media on fire.

The businessman and politician not only defended his controversial polygamous lifestyle but also denied claims that he had been violent towards his wife.

Speaking on Channels TV’s Politics Today on Sunday, the politician addressed the marital crisis with his actress wife, Regina Daniels, directly.

He made astonishing claims about the merits of multiple marriages and firmly rejected the explosive allegations of domestic violence.

In his own words, Ned painted himself as a man who has been misunderstood, while standing firmly by his tradition and choices.

Senator Nwoko was asked about the status of his marriage with his youngest wife, Regina Daniels, following the disturbing video of a 25-year-old Nollywood actress that went viral.
A teary clip showed the actress crying and saying she couldn’t “stand the violence anymore.” In the footage, she was heard lamenting, “In Ned Nwoko’s house, I am nothing. But in my own house, I am a Queen.”

The video triggered outrage across social media, with many Nigerians accusing the lawmaker of domestic abuse. However, Senator Nwoko firmly rejected the claim, saying the story was false and that he had never raised a hand on any of his wives.

In his usual calm but confident tone, Senator Nwoko also spoke openly about being a proud polygamist, calling it both a blessing and a cultural duty.

The 64-year-old Senator expressed sympathy, or perhaps pity, for men in monogamous marriages: “I feel sorry for those who have one wife,” he said.

He argued that having multiple wives offers men greater stability and balance, using a striking, easy-to-understand analogy: “Just imagine standing on one leg — it’s difficult. But with two, three, or four, you’re more balanced. That’s the example I give.”

Continue Reading

Business

NCC, CBN’s move to end failed airtime, data transactions

e-naira

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have joined forces to introduce a unified framework aimed at curbing failed airtime recharges and data transactions on electronic platforms.

The initiative, announced last week, seeks to enforce accountability among telecom operators, payment processors, and financial institutions, ensuring that millions of subscribers get timely redress for failed or incomplete transactions.

The Centre for Digital Justice and Consumer Rights (CDJCR) has applauded the move, describing it as a landmark in consumer protection. In a statement on Monday, October 20, 2025, the group’s Executive Director, Dr Kenechukwu Opara, said the collaboration between the two regulators was long overdue.

“For far too long, consumers have borne the brunt of system failures that are neither their fault nor within their control,” Opara said.

Opara noted that failed recharges and data purchases are among the most frequent complaints by telecom users, with many left stranded due to delayed or unresolved reversals. The new framework, he said, would protect millions of Nigerians who rely on mobile platforms for daily microtransactions.

Consumers are not just users; they are the backbone of the telecom and financial systems. By ensuring that customers get full value for every recharge and data purchase, the NCC is not only protecting rights but also deepening trust in Nigeria’s cashless and digital inclusion policies,” he added.

The CDJCR praised the NCC’s Executive Vice Chairman, Dr Aminu Maida, for prioritising consumer welfare and for pushing a proactive regulatory agenda.

While commending the regulators, Opara urged them to go a step further by enforcing clear timelines, transparent processes, and strict sanctions against operators who fall short of agreed standards.

“We encourage both regulators to publish the service level expectations for all stakeholders — telecom operators, payment processors, and financial institutions — so that consumers know who to hold accountable when transactions fail,” he said.

The group also applauded the CBN for embedding consumer rights in its financial protection framework, especially for low-income Nigerians who depend heavily on digital services for daily payments.

Beyond telecoms, Opara argued that the NCC–CBN partnership should become a model for other sectors where technology, finance, and service delivery intersect.

“This kind of inter-agency collaboration shows that government institutions can truly work in the interest of citizens. What matters now is strict compliance and constant review of the framework to adapt to new technologies and emerging consumer issues,” he said.

Continue Reading

Trending