Members of FUNAAB Staff Co-operative Multipurpose Society Limited have been advised to adhere strictly to all laws and regulations guiding the operations of co-operative movement in order to ensure safety of their funds. The Ogun State Director of Co-operative Societies, Mr. Olugbenga Oladipo gave the advice at the 28th Annual General Meeting (AGM) of the Society, recently held in the University.
Represented by Mr. Samuel Mustapha, the State Co-operative Director charged members to hold their executives accountable by monitoring their activities closely to guarantee a future for the present members and the unborn generation. Recalling that the society was established since 1984, Mr. Oladipo urged members not to allow the dreams of its founding fathers to die prematurely but to keep the light burning.
Earlier, the President of UNAAB Staff Co-operative Multipurpose Society Limited, Professor Adewale Dipeolu, said the 2014/2015 accounting year was good as the society recorded improved net surplus. While promising a better 2015/2016 accounting year, Professor Dipeolu called for co-operation and understanding with the new executives to ensure the sustenance of the society. The President listed the achievements of his team to include continuous returns on investment, resolution of challenges on staff plots of land, increased membership, among others, as he promised that no effort would be spared to ensure that the operations of the society were computerized in the new accounting year.
The President, Ogun State Co-operative Federation (OGSCOFED), Alhaji Ola Balogun, congratulated members on the 28th Annual General Meeting and the University Management for providing the enabling environment for the co-operative society to thrive. Alhaji Balogun advised that subsequent AGMs should be proceeded by Pre-AGMs to discuss crucial issues, x-ray accounts and put things in order.
The President, Ogun State Salary Earners Co-operative Union, Mr. Anthony Odeyinka has urged FUNAAB co-operators to be up and doing and focus on the task ahead because the society was established to assist members in times of need. Part of the resolutions reached at the AGM were the construction of Co-operative Hostel on campus, to solve accommodation challenges being faced by FUNAAB students, extension of loan repayment period to 24 months and the possible splitting of the society, comprising 1431 members to a sizeable number, for efficient and effective management.
The new executives that were returned to the office are: Professor Adewale Dipeolu, President; Alhaji Kamardeen Adedo, Vice-President; Mrs. Titilayo Okuboye, Treasurer; Mrs. Busirat Olusoji, Secretary; while Professor Bukola Aina, Mr. Dada Giwa, Mr. Samson Obimakinde, Mrs. Adijat Labulo and Mrs. Temitope Tijani, were returned as Ex-Officio members.
