March 27, (THEWILL) — The Lagos State Government has disbursed a total of N701,054,344.57 to 232 families of public servants who died while in active service.
The beneficiaries gathered in Ikeja on Friday for the presentation of cheques under the state’s insurance death benefits scheme.
Some families received up to N15 million each during the event, which was organized by the Ministry of Finance in collaboration with LASACO Assurance and a consortium of underwriters and bankers.
Oluyomi, speaking at the ceremony, described the occasion as both “painful and significant.”
While it marked the loss of valued colleagues, it also fulfilled a promise to the loved ones left behind.
“Today is both a painful and an important day painful because we remember husbands, wives, fathers, mothers, brothers, sisters, and friends who are no longer with us; important because we are here to keep a promise made to them and to you,” Oluyomi said.
He added, “On behalf of the Lagos State Government and the Ministry of Finance, I extend my deepest condolences to all 232 families present. No amount of money can replace the love, presence, and guidance of those you have lost.
“The Lagos State Insurance Scheme was put in place so that when the unexpected happens, families are not left alone. The cheques presented today are not just figures they represent recognition of the years of loyal service your loved ones gave to the state.”
The presentation highlights the state government’s commitment to supporting public servants’ families and providing financial security in times of loss.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
