The Lagos State Government has disbursed a total of ₦978,620,589.30 as insurance death benefits to 510 beneficiaries, representing the families of 280 public servants who died while in active service between May 2024 and May 2025.
The cheques were officially presented on Friday at the STO Resource Centre, Alausa, Ikeja. During the event, the Commissioner for Finance, Abayomi Oluyomi, described the payment as a reflection of the compassionate leadership of Governor Babajide Sanwo-Olu, who he said prioritises the welfare of Lagos State workers and their families.
“This disbursement aligns with Governor Sanwo-Olu’s mandate to ensure that the well-being of our workforce and their families remains a top priority,” Oluyomi said. “The governor believes that the sacrifices of our dedicated public servants must be honoured — even in death.”
He added that the financial support serves as timely relief for bereaved families and helps strengthen public trust in government. While noting that this is the first batch of such payments this year, the commissioner advised the beneficiaries to use the funds wisely and in line with their intended purpose.
“I want to admonish you all not to fall into the temptation of lavishly expending these payments on unworthy things,” Oluyomi warned, “as this could jeopardise the essence of the relief meant to cushion the hardship caused by the loss of your loved ones.”
The commissioner also commended LASACO Assurance Plc and a consortium of underwriters and brokers for their professionalism and commitment to international best practices in executing the state’s insurance policies. He acknowledged their role in facilitating the timely and transparent release of the benefits.
In his remarks, Mahmud Alao, the Permanent Secretary of the Ministry of Finance, stressed that the Lagos State Government places significant importance on the prompt payment of insurance death benefits, noting that such actions reflect the state’s continued commitment to the dignity and welfare of its workforce.
The initiative is part of a broader strategy by the state government to honour its fallen heroes and provide a safety net for the families left behind.