Last Updated on April 24, 2025 by Olasunkanmi Olajide
By Emeka Oluka & Olaoye Oyewole
The Senior Staff Association of Nigerian Universities (SSANU) Investment Scheme (SIS) at the Federal University of Agriculture, Abeokuta (FUNAAB), on April 16, 2025, held its 2024 Annual General Meeting (AGM), reaffirming its commitment to transparency, growth, and member satisfaction.
Delivering an address on behalf of the Bursar, Mr. Olukayode Osinuga, the representative, Mr. Valentine Egbuna, appreciated the Scheme for its transparency and sound financial practices. He noted that the 2024 financial report presented at the meeting reflected commendable performance. He further assured members of the Bursary’s continued support to societies like SIS whenever needed.
Also speaking, the newly elected SSANU Chairman, Comrade Olugbenga Alayode, congratulated the SIS executives for their resilience and proactive leadership. He expressed gratitude to SSANU members for entrusting him and his team with the leadership of the union, pledging not to disappoint their expectations.
The Immediate Past SSANU Chairman, Comrade Rotimi Fasunwon, also addressed the gathering, encouraging the SIS leadership to sustain the momentum and continue their commendable efforts.
Earlier, in her Welcome Address, the Chairperson of the Scheme, Mrs. Dorcas Ologun, appreciated the University Management for its consistent support, especially in ensuring timely remittance of deductions. She lauded the dedication of members and revealed that the 2024 dividend had increased compared to the previous year.
Mrs. Ologun also encouraged members who have not yet invested in land to do so promptly through the Scheme. She advised those who had completed their payments to collect their ownership documents at the Secretariat.
In a goodwill message, the Managing Director of UNAAB Microfinance Bank, Mr. Adebiyi Ayoade, advised members to increase their investments in the Scheme rather than fall victim to dubious financial institutions. He described the SSANU Investment Scheme as one of the foundational pillars of UNAAB Microfinance Bank and commended its executives for their integrity.
Similarly, the Ag. Director of the Directorate of University Farms (DUFARMS), Dr. Emmanuel Bankole, urged the Scheme’s leadership to uphold transparency and prudence in managing the Scheme’s financial records.
The AGM concluded on a note of optimism, with members commending the steady progress of the Scheme and expressing renewed confidence in its leadership.
