Co-op. News

OGSCOFED Ltd Holds 2021 Administrative Managers/Account Officers Retreat in Abeokuta.

Ogun State Cooperative Federation Limited (OGSCOFED) on Tuesday, 24th March, 2021 held a day Annual Retreat for Cooperative Administrative Managers/Account Officers in Ogun State at ‘Tayo Sobanjo Building, Cooperative House, Asero, Abeokuta, Ogun State to review her activities over digital transformation in Cooperative activities.

Opening Prayer: The commencing opening prayer was said by Pastor Babalola Solomon, Administrative Manager for Iranlowo Oluwa Leme (Abeokuta) CMU Limited.

Introduction: The introduction of dignitaries on the high table and the lecturers was done by the Acting Executive Secretary of OGSCOFED Limited, Mr. David I. Ayelabola viz:

  1. Pastor Samuel O. Mustapha – Director of Cooperative Services in Ogun State.
  2. Mr. Akeem A. Ogunjimi – Deputy Director of Cooperative Services in Ogun State
  3. Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD – President, OGSCOFED Limited
  4. Mr. M. T. Idowu – Vice President OGSCOFED Limited
  5. Evang. Philip Babatunde – Chairman, Education and Seminar Committee
  6. Elder Kayode Salako – Member, Education and Seminar Committee
  7. Mrs. C. A. Agunbiade  – Member, Education and Seminar Committee
  8. Mrs. A. A. Adebiyi  – Member, Education and Seminar Committee
  9. Mrs. K. A. Adesina – Member, Education and Seminar Committee
  10. Mr. Adesoji Adenowo – Adesoji Adenowo & Co. in Association with First-lincoin Technology
  11. Mr. Ogundana Oseni, Nurudeen Adenekan and Damilare Bamigbola from Interakt Company
  12. Mr. Omotola Oyelude from PTAS Solutions International Limited
  13. Mr. Akinsola Golden – Branch Manager, Cooperative Mortgage Bank

Chairman opening remarks: In his opening remarks, the Chairman, Education and Seminar Committee, Evang. Philip Babatunde welcomed all participants to the retreat and asked them to pay attention and be ready to adopt and embrace this new system of doing things and not to stick to the old ways. In the same vein, Mr. M. T. Idowu, Vice President OGSCOFED Limited welcomed all participants asking them to be an agent of change.

The OGSCOFED Limited President, Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD in his address said “It is with great pleasure and fulfilment of a long aspiration and desire that I present to you our Managers, the sector of the Movement which we considered germane in the operation of our Cooperatives and the engine that drives our vision and mission to fulfilment. There is a Yoruba adage that says ‘Baye ba n yi, e ma b’aiye yi, b’igba ba n yi, e ma ba ‘gba yi, eniyan ti ko ba gba yi, oluwa re a ba ‘gba lo” (That is, we should change with the time to remain relevant in life).

In the cause of our leadership roles in Cooperative, we have been opportuned to see how the operation of the Movement is changing from analog to digitalization in the advance countries of the world and even in our neighbourhood in Nigeria. It is therefore pertinent that we also join the trend hence our desire to digitalize our operations in Ogun State as part of our desire to:

(1). To improve the effectiveness and productivity of all aspect of our Cooperative activities.

(2). To make our Cooperative Movement activities and operations more transparent and accountable.

(3). To provide a real-time on-line system that allows for faster access and production of report as when due.

(4). To replace traditional bureaucratic processing with processing equipped with timely and up to date information for decision making which will help reduce redundancy and save cost.

(5). To create knowledge-based and simple moral accountable responsive and transparent operations.

To make all the above work, it is therefore imperative that the idea should first and foremost be presented to you, who will be at the helms of affairs in the operation of this desire. It will then be followed by involving the stakeholders in the implementation, after you have chosen those that would be adopted from the four presentation that will be delivered to you”.

Alhaji (Dr). A. Ola Balogun FHNR, CBD added that “the launching of whichever we adopted from all the presentations will only take place after you have attended proper training on the operations which will be the next stage after today’s presentation. So, I will like to charge everyone of you to pay full attention to the presentation and be prepared to change our acade system to the present day system”.

The OGSCOFED Limited President, Alhaji (Dr). A. Ola Balogun FHNR, CBD thereafter wished all participants happy, fruitful and assimilated presentation.

The Director of Cooperative Services in Ogun State, Mr. Samuel Mustapha in his address said “the roles of Cooperative Administrative Managers cannot be over-emphasized, it is also necessary to cooperate with the officer of the Director of Cooperative Services in Ogun State as a regulatory body”. He said “Managers must ensure that the comments of Zonal Officer in charge of your area from OGSCOFED Ltd/Director of Cooperative Services Office must be on your Annual Account and Audited/Inspected before presenting it to the Committee Members and the General Members”.

Mr. Mustapha then advised all Cooperative Administrative Managers to ensure that in all account preparation depreciation of asset should be considered and 5% of provision for Bad Debt reserve should also be provided.

Before he declared the retreat open, he used the medium to announce to all participants that the admission form for Ogun State Cooperative College, Ijeja, Abeokuta, Ogun State is now on and it will get to a stage that for any Administrative Manager to work in a Cooperative organization, he or she must attend a Cooperative College and he advised those who didn’t have Cooperative certificate to obtain there form soon. After this, he then declared the seminar open.

Related post: OGSCOFED plans to embark on digital accounting

L-R: Mr. Adesoji Adenowo, Mrs. C. F. Agunbiade (Member, Education & Seminar Committee), Evang. Philip Babatunde (Chairman, Education & Seminar Committee), Mr. Samuel O. Mustapha (Director of Cooperative Services in Ogun State), Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD (President, OGSCOFED Limited), Mr. Akeem Ayodeji Ogunjimi (Deputy Director of Cooperative Services in Ogun State), Mrs. K. A. Adesina (Member, Education & Seminar Committee), Mr. M. T. Idowu (Vice President, OGSCOFED Limited), Mr. David I. Ayelabola (Ag. Executive Secretary, OGSCOFED Limited).

After the declaration of the seminar open, a group photograph was taken.

Thereafter, Mr. David. Ayelabola, the Acting Executive Secretary of OGSCOFED Limited then called upon all the lecturers to start their presentations:

The proceedings of the Retreat were:

Mr. Adesoji Adenowo

First Lecturer

Mr. Adesoji Adenowo & Co. for Cooperative Management Consultants in Association with Firstlincoin Technology:

From his presentation, he averred that the operation of the Cooperative would free from hand recording so that at the end of the day and because the recorded operation would be uploaded into the cloud for the cloud is just like central processing unit of a computer which would not show evidence of the transactions. Also, the operation would only be relevant to parastatals. However, the package or operation do not detailed the practical operation of Cooperative Societies either Salary Earners or Orthodox Societies.

After he finished his presentation, questions were asked by the participants and adequate answers were given accordingly.

Related post: OGSCOFED plans to embark on digital accounting

Second Lecturer

Mr. Ogundana Oseni, Nurudeen Adenekan and Damilare Bamigbola from Interakt company.

The application presented is for business transaction of buying and selling. He discussed mainly on Mobile Application. Having given the demonstration, it just detailed about loan taking, without mentioning Shares, Savings, Trial Balance, Cash Book and how it will operates or be annexed to other perquisite books, therefore the demonstration was not detailed enough.

Click below to download there PowerPoint Presentation

After their presentation, questions were asked by the participants and adequate answers were given.

Branch Manager, Cooperative Mortgage Bank, Mr. Akinsola Golden

A short address was said by the Branch Manager, Cooperative Mortgage Bank, Mr. Akinsola Golden shared more light about the Bank, their vision and mission and what they do at Cooperative Mortgage Bank.

Related post: OGSCOFED plans to embark on digital accounting

Third Lecturer:

Mr. Omotola Oyelude from PTAS Solutions International Limited

Mr. Omotola Oyelude from PTAS Solutions International Limited

He presented the discussion by demonstrating a software package and it effects on the operation of Cooperatives, he added that the package would solve any problem that may emanate in Cooperative. He concluded that the package need to be practicalized and demonstrated and for unity purpose, a template of how the software works would be made available, considering the book of accounts, such as: Cash book, Income Statement, General Ledger, Trial Balance etc.

He then divided the house into Five (5) Groups, asking each Group to specify a detail analysis of a cooperative Business operation on which the package would be built. This shows a commitment to produce a good package which other lecturers do not mention.

After his first session presentation, questions were asked by the participants and adequate answers were given.

Related post: OGSCOFED plans to embark on digital accounting


At this point, the lecturer, Mr. Oyelude gave the participants a work order and for each group to appoint a presenter among themselves and for them to present.

The following were points raised by the various Group in other to make the Software workable:


  1. Data Collection
  2. Posting of Monthly Analyst Book (MAB) in case there is a large number. Digitalization can help us in this area.
  3. Extraction of final account also can be addressed with the Digitalization.


  1. Evaluations of workers
  2. How to properly renumerated the staff.


  1. Communication
  2. Payment clarification


  1. Large mass
  2. Communication effectiveness
  3. Account preparation – time, cost and energy shall be reduced


  1. Personal Ledger and Members Pass books issue
  2. Interest overcharging

After the presentations, Group Four was announced as the best presentations and a dummy cheque was presented to the Group Leader, Mrs. Balogun, likewise other groups also collected there dummy cheque for prize winning.

Mrs. Balogun receiving her Group dummy cheque

Related post: OGSCOFED plans to embark on digital accounting

Communique: The Communique Chairman, Mr. Olatunde Kayode from Federal Polytechnic (Ilaro) CICS Limited read the communique presentation where he said “having listened to all lecturers, the first lecturer and second lecturers does not meet the targeted retreat objectives.

Communique Chairman, Mr. Olatunde Kayode from Federal Polytechnic (Ilaro) CICS Limited

The third lecturer from PTAS Solutions international Limited is a bit better if he can bring the template for demonstration and solve the problems of accounting records for easy operations. Therefore,

  • The Communique Committee recommend that OGSCOFED should give PTAS accounting activities of Cooperative Society for demonstration and the workability of the package/software.
  • The package must also be acceptable by the Ministry of Community Development and Cooperatives Officials so that there would be no vacuum during auditing exercise.
  • Retreat of this nature needs to be well organized in terms of adequate communication and materials devices. Thank God the weather is favourable today else the cooling facilities could have been disastrous”.

He added that “this Retreat will enhance dissemination of information to members, through digitalization, therefore, it is commendable. Ogun State Cooperative Federation Limited (OGSCOFED) should assist Cooperative stakeholders (Leaders) to ensure the use of digitalization in disseminating information to members, while Managers should be ready to adopt and embrace this new trend/system of doing things and not stick to the old ways”.

Mr. Obaro from Industrial Workers Ota CMU Limited

Vote of thanks: The Vote of thanks was presented by Mr. Obaro from Industrial Workers Ota CMU Limited where he thanked the Ogun state Cooperative Federation Limited (OGSCOFED) and Education and Seminar committee for planning to embark on the Digitalization of Cooperative activities and he later called on the attention of the organizers that OGSCOMAS President should be well recognized and in the event like this, a short address should also be read by OGSCOMAS President. He then wished all participants a safe journey back to their various destinations.

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Gender equality in the co-operative movement

Maria Eugenia Pérez Zea reflects on this year’s International Women’s Day

Maria Eugenia Pérez Zea, chair of the Gender Equality Committee of the International Cooperative Alliance

On International Women’s Day we talk to Maria Eugenia Pérez Zea, chair of the International Cooperative Alliance’s Gender Equality Committee, to find out more about the committee’s work and the role of women within the global co-operative movement.

The theme for this year’s International Women’s Day is “Women in Leadership: Achieving an Equal Future in a Covid-19 World.” How do co-operatives enable women to access leadership positions?

Maria Eugenia Pérez Zea: It is necessary to remember that co-operatives were the first organisations to give women the opportunity to be investors, to make them part of the production process, of the surpluses or profits of the companies and of access to credit. From the beginning, co-operatives have provided women with a position that has allowed them to have the possibility of accessing economic resources, property and means of production, but we must recognise that only in the last 20 years women have occupied leadership or visibility positions in many of the co-operative organisations.

This has been the result of work and a process of empowerment, generated from within each organisation, a product of education, of the acquisition of political, economic, legal and family rights, which we women have obtained. It is the one that today allows women to have an influential position in co-operative leadership. In our case, we have had two women presiding over the International Cooperative Alliance, and we have significant representation in its board of directors, as well as in some regional boards. We hope to see in this century that much-desired parity in the management bodies of co-operatives.

How has Covid-19 impacted the work of the ICA Gender Equality Committee that you chair?

Maria Eugenia Pérez Zea: Covid-19 has impacted the work of the committee because it has changed the dynamics of interaction and relationship, but it has also given us the opportunity to make use of virtual tools and technologies that allow us to continue to carry out our work continuously, and in addition, it has allowed us to reinforce communication and teamwork within networks. Through virtual meetings, we have been able to define the committee’s work plan and actively participate in events around the world that promote the visibility of women in the co-operative sector.

Job Offer: Cooperative Auditor and Extension Officer

In addition to your role as chair of the ICA Gender Equality Committee, you were the president of Coomeva, the largest co-operative in Colombia. How is the gender dimension reflected in your co-operative’s strategy?

Maria Eugenia Pérez Zea: I served as president of the Coomeva board of directors from 2010 to 2017. Although I am not in charge today, I continue to hold a high-level leadership position within the co-operative. However, in my experience as president of the council, I had the opportunity to implement the gender equality policy, the creation of the gender equality committee and the definition of economic resources for the execution of important actions, which raised awareness about the role of the woman within the entity. As part of this all the actions of women who, in one way or another, participate or belong to the co-operative were highlighted, from collaborators and women in management positions, to associates and their families. This experience has served as an example for many organisations in Colombia and in Latin America.

What is your advice for co-operatives that are just starting to work on promoting gender equality?

Maria Eugenia Pérez Zea: My advice is that an analysis should be carried out within the organisation to evaluate the way in which the co-operative is formed. Subsequently, they should determine how the co-operative members (men and women) are being reached via services, since talking about gender equality means serving all people, but today we need to enhance the role of women in organisations, and offer services tailored to members. It is also important to have a vision of what co-operatives can offer to the women who belong to them. Then, they should create working committees, where, based on different disciplines and diversity, gender equality strategies can be developed. Finally, empower women and enable them to show leadership through their representation in management and advisory positions, achieving equal participation for men and women.

What challenges have you faced as a woman in the co-operative movement? How did you overcome them and how did other women and co-operative members support you?

Maria Eugenia Pérez Zea: In the co-operative movement I have had important challenges such as the lack of awareness of gender equality and its importance in organisations. Convincing my colleagues why it is important for women to participate, lead and represent in co-operative administrative and management roles was crucial to achieving empowerment in organisations.

I managed to overcome these difficulties through education on gender equality matters, and by empowering myself as a woman within the organisation, as well as establishing strategies that allowed me to participate in different scenarios, I gained the support of other women to whom I explained what to talk about. Gender equality does not mean starting a revolution against men, but rather rescuing spaces to which we have the right to access. This has generated a significant change in the co-operative sector and in the organisations in which I have participated, as well as in the Colombian Association of Cooperatives – Ascoop, a leading entity in Colombia with 60 years of existence, where today I am the executive director.

The Gender Equality Committee will meet in Seoul in the run-up to the World Cooperative Congress. What will be on the agenda for the meeting?

Maria Eugenia Pérez Zea: The Congress has the premise of the co-operative identity and the celebration of the 125 years of the International Cooperative Alliance. We need to remember the women who participated in the ICA’s great definitions and decisions; It will be an essential task that in Seoul we talk about the meaning of co-operative identity for women, why we are closely linked to the co-operative movement and we think that co-operatives gave us the opportunity to exercise business and economic rights and responsibilities; there we will ask ourselves how co-operatives have empowered women and generated leadership for us.

This has built an identity not only for women, but also for the co-operative movement, since women represent 50% of the membership in co-operatives and the number of women leaders within these organisations is increasing. We still have a long way to go, but in this space we must think about the strategies for this task.

The theme of the ICA Congress is “Deepening our co-operative identity.” How can the fight against gender inequalities help to advance this agenda?

Maria Eugenia Pérez Zea: The theme of the ICA Congress gives us all the motivation to promote the participation of women as a co-operative agenda worldwide. To deepen our co-operative identity is to deepen the efforts that women and men have made throughout the history of the International Cooperative Alliance and that of co-operatives.

It is necessary to discover what are the strategies and methods that we must implement so that women can be leaders and achieve parity in the co-operative sector that we are just beginning to see, since we could say that only in the last 20 years women have been visible in the global co-operative movement. There is a long way to go for women to be able to achieve parity, and achieving that parity implies that co-operatives and the ICA contribute to the fight against gender inequalities that occur in our organisations and in our countries. That is why it is essential to deepen our co-operative identity to achieve equality in the leadership and empowerment of women and men, in a fight for what gender equality means.

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Job Offer: Cooperative Auditor and Extension Officer

Ogun State Co-operative Federation Limited. (OGSCOFED) is looking for a Co-operative Auditor and Extension Officer.


Abeokuta, Ogun State, Nigeria


Cooperative Auditor and Extension Officer


  1. To Audit Co-operative Societies in his/her area or Cooperative Societies allocated to him/her from time to time by the area Auditor.
  2. To Audit any Cooperative Union that may be allocated to him/her by the Senior Cooperative Auditor
  3. Attend to the problems in his/her Cooperative Societies/Unions that may be allocated to him/her by the Senior Cooperative Auditor
  4. To maintain an Audit Register for his/her area (if in charge of an area).
  5. To collect Audit and Supervision Fees (ASF) and OGSCOFED Annual fee data during the preparation of Annual Accounts.
  6. To carry out other duties as may be assigned to him/her from time to time by the Senior Staff of the Audit section.
  7. Prepare a Monthly Progress Returns, Monthly Analyst Form, Audited Trial Balance, Board Meeting Minutes and General Meeting minutes attended.


  1. BSC/HND/OND in Cooperative Economics and Business Management or Cooperative related course
  2. 2 – 3 years of working experience in a Cooperative organization
  3. Proficient with Microsoft Office and common office equipment Excellent organizational, time management and communication skills
  4. Attention to details

SUBMISSION DEADLINE                            

The submission deadline is on Wednesday, 31st March 2021. The candidate must commit to respect the aforementioned timeline. Shortlisted candidates will be invited for an interview.                  


Please submit your CV in PDF format to


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