Commissioning of Itoku (Ab) Cooperative Investment House

The President of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited, Chief Adeoye Olusegun in his welcome address said and I quote “today is another land mark in the history of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited, the society was established on 15th April, 1996 with registration number 276 as a Cooperative Industrial and Investment Society under Ife Oluwa (Abk) CMU Limited, Idi – Aba, Abeokuta”.

“As you all know that Rome was not built in a day, the Cooperative Society has invested in production of Exercise Books, Buying and Selling of Cement, Thrift and Credit Business, Hostel Business at FUNAAB, Abeokuta and her edifice was commissioned on 24th May, 2017.”

“The old building of Sonde’s family at Afariogun’s compound Ake, Abeokuta, Ogun State was bought on 13th March, 2018 with a dream of building a complex in which God has made it a reality today. To God be the Glory”.

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The President of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited, Chief Adeoye Olusegun welcomed everybody to the commissioning of Itoku (Abeokuta) Cooperative Investment house, Ake, Abeokuta, Thursday, 1st of April, 2021 and gave total cost of the complex to be Fifty-One Million, Eight Hundred and Eighty Thousand, Seventy-Five Naira (N51,880,075.00).

Chief Adeoye Olusegun thereafter appreciated the Honourable Commissioner for Community Development and Cooperatives, Hon. Ganiyu Hamzat, the Permanent Secretary, Ministry of Community Development and Cooperatives, Miss. Seye Fatundimu, the Director of Cooperative Services in Ogun State, Mr. Samuel Mustapha and his team, the OGSCOFED Limited President, Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD, the Abeokuta Branch II of OGSCOFED Limited and the Union President of Ife Oluwa (Abk) CMU Limited Evang. Philip Babatunde, Administrative Manager, Mr. Oluranti Adebayo and staff of Ife Oluwa (Abk) CMU Limited for giving them their time and said we are grateful to God Almighty for the achievement so far and to all.

The President of Ogun State Cooperative Federation Limited (OGSCOFED), Alhaji (Dr). A. Ola Balogun FHNR, CBD in his address congratulated the President and Members of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited. He appreciated the Cooperative Society Committee for their prudency. He said due to her democratic organization and economic orientation, Cooperatives contribute significantly to social integration, job creation and reduction of poverty of the Nation.

Alhaji (Dr). A. Ola Balogun, President OGSCOFED Limited also urged them to diversified into other business within the scope of their bye-laws.

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

The Honourable Commissioner for Community Development and Cooperatives, Hon. Ganiyu Hamzat too congratulated the President and Members of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited for the achievement recorded and eulogized the Board of the Cooperative Society for being prudent enough to have spent the sum as presented.

Hon. Ganiyu Hamzat, the Honourable Commissioner for Community Development and Cooperatives also said that Cooperative has been playing crucial role in the State’s economy and pledge his continue support for the Cooperative Movement. He then wish the entire Members of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited more successes in the Cooperative activities and commissioned the edifice to the glory of Almighty.      

Reporting: Badejo Adeyemi

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