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🇳🇬 Nigeria /Economy & Trade

Lasaco, Lagos pay N799.8m claims to late workers’ families

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • Lasaco Assurance Plc and the Lagos State Government disbursed N799.84 million in insurance benefits to 148 beneficiaries, families of deceased public servants.
  • The disbursement underscores the state government's commitment to the welfare of its workers and fulfilling obligations to their dependents.
  • The insurance benefits aim to provide financial relief and long-term stability for affected families, supporting essential needs like education and welfare.

The Lagos State Government, in partnership with Lasaco Assurance Plc, has disbursed N799.84 million in insurance benefits to 148 beneficiaries, comprising families of deceased public servants. The presentation ceremony on Thursday, June 11, 2026, highlighted the state government's dedication to the welfare of its workforce and support for the families of those who served the public.

The disbursement demonstrated the administration’s commitment to fulfilling its obligations to workers and their dependents, even after their demise.

— Dr Nurudeen AgbajeAgbaje, Special Adviser to the Governor on Rural Development, spoke about the state government's dedication to supporting families of deceased public servants.

Dr. Nurudeen Agbaje, Special Adviser to the Governor on Rural Development, reaffirmed the state's commitment to supporting the families of public servants who passed away while in active service. He stated that the disbursement demonstrates the administration's resolve to fulfill its obligations to workers and their dependents, even after their demise.

Mrs. Jumoke Koleosho, representing Lasaco Assurance Plc's Managing Director, extended condolences to the beneficiaries. She emphasized that the insurance benefits are designed to offer financial relief and long-term stability, particularly for meeting educational and welfare needs. Koleosho also stressed the crucial role of insurance as a safety net for protecting lives and securing futures.

to provide financial relief and long-term stability

— Mrs Jumoke KoleoshoKoleosho, representing Lasaco Assurance Plc, explained the purpose of the insurance benefits for the affected families.

Representatives from various government bodies and Haggai Insurance Brokers Limited paid tribute to the deceased workers, acknowledging their significant contributions to Lagos State's development. They reiterated a shared commitment to ensuring bereaved families receive their due support. The beneficiaries were encouraged to use the funds prudently to positively impact their families and honor the legacies of their departed loved ones. The disbursement reinforces Lasaco Assurance Plc's role in providing protection and financial security, supporting public sector confidence in social protection frameworks.

to provide financial relief and long-term stability

— Mrs Jumoke KoleoshoKoleosho, representing Lasaco Assurance Plc, explained the purpose of the insurance benefits for the affected families.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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