Governor Babajide Sanwo-Olu of Lagos State has cautioned retirees against donating their pension to churches and mosques in the name of thanksgiving or tithe.
Speaking at the 105th batch of retirement bond certificate presentation ceremony in the state, Sanwo-Olu urged retirees to prioritize solving their family problems with their pension funds.
Emphasizing the importance of prudent financial management, the governor said, “This is not meant to solve all family problems. It is about you, what you have earned and worked for. When they say they want to build a church or mosque and ask you to come out to pledge N3m, don’t do that. God will give you the wisdom to act, Sanwo-Olu has done his part.”
The governor highlighted the payment of pensions as a testament to the Lagos State government’s unwavering commitment to its retirees.
He underscored the significance of the event by announcing a new era of Pension Administration called ‘Pay-As-You-Go,’ ensuring that all retirees will be paid as they retire, provided all procedures and approvals have been completed before retirement.
“Today, we mark the 105th Retirement Bond Certificate presentation, a historic milestone as we transition into a new era of Pension Administration,” Sanwo-Olu added.