Lasu management speaks on diversion of university pension funds

Here is a possible response from LASU Management on the diversion of university pension funds:

Statement from the Lagos State University (LASU) Management

The Lagos State University (LASU) Management has taken note of the recent allegations of diversion of university pension funds. We want to assure the public that we take these allegations very seriously and are committed to getting to the bottom of the matter.

As a responsible and accountable institution, LASU has a robust system in place to manage its pension funds. The university's pension scheme is managed by a Pension Fund Administrator (PFA) who is responsible for investing the funds and ensuring that they are used for the benefit of our retirees.

However, we have recently discovered some discrepancies in the management of the pension funds, which have led to the diversion of some funds. We are working closely with the relevant authorities, including the National Pension Commission (NPC) and the Economic and Financial Crimes Commission (EFCC), to investigate the matter and recover any diverted funds.

We want to assure our stakeholders that we are taking all necessary steps to prevent such incidents from happening in the future. We are also reviewing our internal controls and procedures to ensure that our pension funds are managed in a transparent and accountable manner.

We understand that the diversion of pension funds is a serious issue that affects not only the university but also our retirees and their families. We are committed to ensuring that our pensioners receive their entitlements and that their welfare is protected.

We will continue to provide updates on the investigation and any actions we take to address the issue. We appreciate the public's understanding and cooperation in this matter.

Contact Information

For any further information or concerns, please contact:

Lagos State University (LASU) Management Office +234 1 291 3000 [email protected]

Note: This is a sample response and may not reflect the actual response from LASU Management.