Osun Govt Approves Another N257m For Retirees

Voice Air Media, VAM News Update

Governor of Osun State, Senator Ademola Adeleke has approved another Two hundred and fifty seven million, two hundred and forty seven thousand, seven hundred and eighty naira, twenty one kobo (N257, 247, 780.21) for the Retirees in the state.

This was contained in a statement signed by the Permanent Secretary, Local Government Staff Pension Bureau, Mr Ibrahim Akibu.

Mr Akibu noted that the Governor out of his magnanimity decided to give the new approval for the retired primary school teachers who are under old pension scheme.

“Mr Governor has graciously approved another sum of N257,247,780.21 for a new set of retirees who were not captured in the just released N4,009,358,431:00 bond for both state and local government retirees.

“This is no doubt a fulfilment of Mr Governor’s promise to our senior citizens who have been abandoned for a very long time. Many thanks to His Excellency.”

Recall that Governor Ademola Adeleke, on Friday, 7th June, 2024, stated that the amount of bonds released from December 2022 to date across State and LGAs is Twelve Billion, Seven Hundred and Nineteen Million, Two Hundred and Forty Five Naira (N12, 719,245,528,00).

He noted that the administration of his two predecessors for 12 years paid Eleven billion, One Hundred and Fifty Five Million, Six Hundred and Fifty One Thousand, Seven Hundred and Eight Hundred Naira (N11,155,651,780.56) for gratuities at the State level. At the local level, the two previous governments for twelve years paid Six billion, Four Hundred and Eighty Eight Million, Eight Hundred and Seventy Six Thousand, Three Hundred and Twenty Four Naira (N6,488,876,324.58).

On presentation of bond to retirees from December 2022 to date, his government has presented bond worth Six Billion, Fifty Three Million, Five Hundred and Forty Seven Thousand, Six Hundred and Seventy Five Naira (N6,053,547,675.49) for 930 Retirees.

From December 2022 to date, the amount paid is Six Billion , Six Hundred and Sixty Five Million, Six Hundred and Ninety Seven Thousand, Eight Hundred and Fifty Two Naira (N6,665,697,852.87) for 1,355 retirees.

The breakdown:

• Gratuities paid from December 2022 to date at the State level = N1.8bn

• Gratuities paid at the local level from December 2022 to date = N2,519,080,056.62

• Total for both State and local level = N4,319,080,056.62

Bonds

• Bonds released at the State level from December 2022 to date = N6,053,547,675.49

• At the local level = N6,665,697,852.87

• Total to date for both local and State levels from

▪︎ For my December 2022 to date = N12,719,245,528.00 while for my two predecessor, the total is N11,150,871,889.00.