Business
LASG Releases N795m For Pensioners

The Lagos State Government has released N795 million to settle part of accrued pension rights of its retirees.
The Lagos State Pension Commission (LASPEC) said in Lagos yesterday that the gesture was in fulfillment of monthly pension settlement embarked on by Gov. Akinwunmi Ambode.
According to LASPEC, the fund was released for 213 Public Service Retirees under the Contributory Pension Scheme (CPS) in the state.
The commission also confirmed that 9,804 retirees have had their accrued pension rights of N40,245 billion paid.
It said the N40,245 billion had been paid into their Retirement Savings Accounts (RSA) from inception of the governor’s administration till date.
“His Excellency has remained committed to pensioners’ welfare in spite the huge funding obligations facing the administration.
“For this reason, funds are released monthly into the RSA of employees, and also the accrued rights are gradually been cleared,” LASPEC said in a statement by its Director-General, Mrs. Folashade Onanuga.
The commission also said the pensioners there was a move by the National Pension Commission (PenCom) to execute the Pension Law on guaranteed Minimum Pension for life.
“The law will be executed for retirees under the Programmed Withdrawal benefit option as it will be recalled that the annuity option offers pension for life for the annuitants,” the statement said.
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.
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