Lasaco Assurance, Lagos disburse N799.84m to beneficiaries of deceased workers

Nike Popoola

Lasaco Assurance Plc, in collaboration with the Lagos State Government and other key stakeholders, has disbursed ₦799.84 million in insurance benefits to 148 beneficiaries of families of deceased public servants. The presentation ceremony, held on Thursday, June 11, 2026, reflects lagos state’s commitment to the welfare of public servants and t to supporting the families of those who dedicated their lives to public service.

Speaking at the ceremony, the Special Adviser to the Governor on Rural Development, Dr. Nurudeen Agbaje, reaffirmed the Lagos State Government’s dedication to supporting the families of public servants who passed away while in active service. He noted that the disbursement demonstrates the administration’s commitment to fulfilling its obligations to workers and their dependants, even after their demise.

Mrs. Jumoke Koleosho, representing the Managing Director of Lasaco Assurance Plc, joined in expressing condolences to the beneficiaries and urged them to make responsible use of the funds disbursed. She noted that the insurance benefits were designed to provide financial relief and long-term stability for affected families, particularly in meeting educational, welfare, and other essential needs, while also highlighting the importance of insurance as a vital safety net for protecting lives and securing the future.

Representatives from the Ministry of Local Government, Chieftaincy Affairs and Rural Development, the State Universal Basic Education Board, and Haggai Insurance Brokers Limited all paid tribute to the deceased workers, acknowledging their invaluable contributions to the development of Lagos State. They collectively emphasized the importance of the initiative and reiterated their shared commitment to ensuring that the families of deceased workers receive the support due to them. Beneficiaries were also urged to make prudent use of the funds in ways that would positively impact their families and preserve the legacies of their departed loved ones.

The disbursement further reinforces Lasaco Assurance Plc’s commitment to delivering meaningful protection and financial security to individuals and families. It highlights the company’s continued role in supporting structured welfare initiatives that provide timely relief to bereaved families and strengthen public sector confidence in social protection frameworks.

Through sustained collaboration with government institutions and other stakeholders, Lasaco Assurance Plc continues to play an active role in advancing systems that safeguard lives, preserve family legacies, and promote broader social well-being across Nigeria.