AGM: After 62 Years, Eko Akete Cooperative Waxing Stronger, Meeting Members Need

The Eko Akete Cooperative recently held its Annual General Meeting (AGM), marking a significant milestone as the cooperative celebrates 62 years of service and growth. The gathering brought together members from various communities, reinforcing the cooperative’s commitment to meeting its members’ diverse needs.

During the meeting, the leadership presented an overview of the cooperative’s achievements over the past year, highlighting advancements in member services, financial growth, and community impact. Members were encouraged by reports of increased participation and expanded programs that support economic development and sustainability.

The discussions also provided a platform for members to voice their concerns and suggestions, signaling a collaborative approach to decision-making within the cooperative. The leadership emphasized their dedication to adapting services to meet member needs better, ensuring that Eko Akete Cooperative remains a vital resource in the community.

As they look to the future, the cooperative aims to leverage technology and innovative practices to enhance its offerings, further empowering its members. With unity and resilience as its foundation, Eko Akete Cooperative continues to wax stronger, embodying a spirit of cooperation and commitment that has defined its legacy for over six decades.

Zachius Mobolaji, President of Eko – Akete (Mainland) Cooperative Multipurpose Society Ltd, emphasized the advantages of the cooperative for its members, noting that it has effectively addressed their urgent financial needs. He spoke at the society’s Annual General Meeting which was well attended by members.

Mobolaji said the society started with thirty-three members 62 years ago, and since then the membership of the society has grown to over 13,000  with members from various ministries, ,parastatals and agencies of government.

 The president said the leadership of the society, particularly the founding members did not allow ethnic sentiments in the choice of the managers of the people’s funds.

He said the transparency exhibited by leaders has kept the society going and at no time did they contemplate investing members’ money on pool betting or gambling.

Mobolaji urged Nigerians, particularly Lagosians to join the group because of the professionalism exhibited in the management of the member’s funds in the last 62 years.

He used urged investors to take advantage of the housing estate by partnering with the society to build houses on the land the society has bought through Build Operate and Transfer in Badagry, Ikorodu, and Epe axis of Lagos State.

The President explained that members can benefit from loans to pay their children’s school fees, house rent, children’s wedding, medical bills, housing, and property acquisition, among others.