Lagos State Government, through Lagos Water Corporation (LWC), on Thursday presented Bond Certificates to the first batch of 2019 retirees to enable them have quick access to their pension fund.
Mr Muminu Badmus, LWC Group Managing Director, made the presentation to pensioners who retired in 2019.
Badmus, in his keynote address, recalled that when he came on board on Nov. 2, 2015, he promised to always pay retirement benefits and dividends to retirees promptly.
According to him, the occasion is another fulfilment of promise made, as this presentation is the 8th batch of bond presentation in the history of the corporation.
He commended the retirees for their patience, commitment, hard work, loyalty and resourcefulness toward positive and effective service delivery while in active service.
The LWC boss also advised them to spend the money judiciously and not on unprofitable social activities.
He further stated that the 2019 batch presentation was as a result of outbreak of COVID-19 pandemic that was slowing down economy and social activities in the country.
Badmus said that the last bond certificates presentation took place in December 2019 and praised God for sparing the retirees lives to reap the fruits of their labour in good health.
He also commended Gov. Babajide Sanwo-Olu, unions, management and staff for their steadfast and commitment toward realisation of the payments.
He expressed the hope to complete the 2019 retirees payment by end of 2020 and commence payment of year 2020 batch by 2021.
Edited By: Chinyere Bassey/Wale Ojetimi (NAN)