Business
Lagos Water Corporation Retirees Get N323.48m
The Lagos Water Corporation recently paid N323.48 million to 149 workers who retired from its service between 2008 and 2014, its Managing Director (MD), Mr Munimu Badmus, has said.
Badmus told newsmen in Lagos yesterday that the new contributory pension scheme had aided the corporation in settling the entitlements of its retirees promptly.
“’The corporation recently paid N323.48million as retirement entitlements of 149 staff that retired between 2008 and 2014.
“Just this week, we presented bond certificates amounting to N68million to another 36 staff that retired from the corporation.
“The new contributory pension scheme is really helping to reduce the period contributors will wait to access their Retirement Savings Account (RSA) after retiring from service.
“I am committed to remitting every deduction from all employees’ salaries into their RSA,” he said.
Badmus said that the scheme had helped him since becoming the managing director to settle the backlog of benefits of the corporation’s retirees.
He thanked the retirees for their patience while waiting to collect their entitlements after years of hard work, loyalty and resourcefulness in their service to the corporation.
He said that the present management of the corporation was also committed to ensuring that its retirees get their entitlements as soon as they retire from service.
The Tide reports that the Lagos State Government consistently funds its Retirement Redemption Fund Account.
The Lagos State Pension Commission (LASPEC) over sees that pension administration in the state as well as releases the bond certificates to retirees of the state’s ministries, departments and parastatal agencies (MDAs).
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics5 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension