Adeleke approves N1.6bn bond certificates for state retirees

Governor Ademola Adeleke of Osun State has approved the release and distribution of bond certificates worth one billion, six hundred and twenty-five million, three hundred and thirty-two thousand, eight hundred and thirty-five naira, seventy-five kobo (N1,625,332,835:75) to retirees under the contributory pension scheme.

This was revealed by the Permanent Secretary, Local Government Staff Pension Bureau, Ibrahim Akibu via a statement in Osogbo on Wednesday.

According to him, “the beneficiaries cut across the primary schools and local government among others. The total beneficiaries are 346: Primary school teachers, and 182 beneficiaries. Local government, 164 beneficiaries.”

Akibu stated that the presentation of the bond certificates was a continuation of the commitment of the state government to workers’ welfare, in and out of service.

“This is another phase in fulfilment of Governor Adeleke’s open resolve to clear backlogs of salaries, pension and emoluments issues within the public service.”

Akibu also revealed that the presentation ceremony is billed to hold on Thursday, December 21, 2023, at the Local Government Service Commission building, Abere.

Recall that Governor Adeleke had commenced payment of inherited half salaries and other emoluments owed public servants by the past administration.