According to Daily Post, Governor Babajide Sanwo-Olu of Lagos State has advised retirees to refrain from donating their pensions to churches and mosques for thanksgiving or tithing purposes. Speaking at the 105th batch of the retirement bond certificate presentation ceremony held yesterday, Sanwo-Olu emphasized the importance of using pension funds to address personal and family needs rather than religious donations.
During the ceremony, the governor underscored that the pensions are meant to provide financial security for the retirees after years of dedicated service. He highlighted the significance of the pension payments as a reflection of the Lagos State government's commitment to its retirees, ensuring that they receive what they have rightfully earned over their working years. This financial support, according to the governor, is crucial for the well-being of the retirees and their families.
Sanwo-Olu urged retirees to exercise wisdom in managing their pensions, advising against making large donations to religious institutions when asked to contribute to building projects or other causes. He pointed out that while it is important to be charitable, retirees should prioritize their own financial stability and that of their families. The governor's remarks aim to protect the financial interests of the retirees and encourage them to use their funds judiciously.
The governor’s caution comes amid a broader conversation about financial prudence among retirees, emphasizing the need for them to make informed decisions about their pension funds. His message is a reminder that the primary purpose of the pension is to provide for the retirees' needs and ensure a comfortable post-retirement life, rather than being diverted to external causes.
According to Sanwo-Olu: “This is not meant to solve all family problems. It is about you, what you have earned and worked for.
“When they say they want to build a church or mosque and ask you to come out to pledge N3m, don’t do that. God will give you the wisdom to act, Sanwo-Olu has done his part.