Maroc - NEWSLINENG.COM.NG - A La Une - 16/Oct 17:53

FUOYE: AGM 'll hold soon -- Multipurpose Cooperative Society Limited

By Bamidele Eleniola, Ekiti The Federal University Oye-Ekiti, FUOYE, Staff Multipurpose Co-operative Society Limited (FSCMS) will hold its Annual General Meeting before the end of the year. This was disclosed by the President of the Society, Mr. Kehinde Adebayo during an ordinary General Meeting held on Tuesday, October 15, 2024, at the Faculty of Science Auditorium In his welcome address, the President of the society, Comrade Kehinde Adebayo welcomed everybody to the meeting, stating, why the OGM was postponed twice due to strike and fuel subsidy removal " Thank God today we are here to update you on the development of the society and I want to appreciate you for your cooperation so far" "We want to appreciate God that there is no more crisis in the Coop society and appreciate efforts of all cooperators who have been working for the progress of the society " I am glad to inform you that we have disbursed over 150 million to our members who applied for loans without lobbying adding that 25 million naira was disbursed to the cooperators" " I want to assure you that the Executive members are working assiduously to ensure that our Annual General Meeting is held before the year runs out "" Six bungalows have been approved by the Federal Mortgage Bank  while 18 are ready for allocation adding that the supermarket is there for all members who want to shop for their needs"He however lamented the low turnout of our members from the Ikole campus despite huge amount of money spent on fuel to convey them from Ikole. He said only six made it to the Congress The Congress concluded that a bus would not only be sent to the Ikole campus whenever there is an OGM, but Only members who came with commercial motor will be reimbursed by the Excos.He presented a proposal for three investments cuz;  Town Service Bus/ Keke Maruwa, Eatery/ Restaurant, and Printing/Photocopy Centre to the congress "To boost the Internally  Generated Revenue, IGR of society, we come up with the idea to have these three investments under the watch of the society "In his reactions, Mr. Bamidele Adesunloye said, that Excos should be asking members from Ikole to signify if they will be coming to the meeting at the main campus Also, Professor Dosu Malomo in his contribution appreciated society for coming to his aid when he was in need of a loan Mr. Kunle Adebayo, Mr. Akinyemi (Artillery), Mr. Olorunfemi Taiwo, Mr.. akomolafe Taiwo, and Mr. Ogungbe Nifesimi among others also speak on the need to subscribe to Virtual meetings to reduce the high cost of money to the bus being sent to Ikole campus.The congress rejected the eatery and Printing Photocopy Centre due to the past antecedents of the project in the university which yielded no good results. However, Congress subscribed to farming and Town Service Bus/Keke(tricycle)The congress however nominated the following people to report back Within two weeks on the two projects  the five-man Committee is Mr. Akinyemi (Artillery), Mr. Muyiwa Olujo, Mr. Sunday Aribatise, Engr Sam, Mrs LoriThe Secretary of the Co-op, Comrade Boluwatife Egunjobi in his closing remarks appreciated every member of the society who is present in the Congress. He appealed to those who have opted out of society to come as society is back and strong. " I want to appeal to those who have left the cooperative society to come back because the society is back in good shape"