Oyo begins e-payment of retirees’ gratuities

The Oyo State government has said it has begun the payment of gratuity benefits to retirees via e-payment.

The state Commissioner for  Establishments and Training, Hon. Olusegun Olayiwola, made the disclosure during a three-day symbolic data capturing and e-payment exercise for retirees at the Nigeria Union of Pensioners’ Building in Agbarigo, Onireke, Ibadan.

The Commissioner told the retirees that this will ensure a seamless and secured payment process, free from any potential disruptions.

Olayiwola stated that the initiative will involve capturing and validating retirees data from June 2014 to December 2014 and June 2019 to December 2019, to start-off, while arrangements to capture other retirees promptly have also been made.

He assured pensioners that Governor Seyi Makinde is fully committed to fostering a mutually beneficial relationship with the Nigerian Union of Pensioners, Oyo State chapter, and other relevant stakeholders to improve the lives of retirees and all citizens of the state.

The state Secretary of NUP, Dr. Olusegun Abatan, underscored the advantages of e-payment for retirees, emphasizing its ability to enhance security, accuracy and speed in the distribution of gratuities.

He lauded Governor Makinde for prompt disbursement of funds on gratuities since assuming office as the governor of Oyo State in 2019.

The Permanent Secretary, Ministry of Establishments and Training, Mr. Olajide Mamud Okesade, in his closing remarks, expressed gratitude to Governor Makinde, the Head of Service and the Commissioner  for consistently and promptly disbursing wage awards to retirees and civil servants and other dividends.

He highlighted the benefits of e-payment, including increased security, faster access to funds, elimination of risks and delays associated with physical checks such as theft or loss.