By Bilesanmi Abayomi
The President of Ileri Anuaoluwa Cooperative Multi-purpose and Credit Society, Mutiat Aluko, has said that cooperatives are a very good tool for addressing poverty.
SEE: 46-year-old man in court for allegedly stealing N900,650 from cooperative society
This was stated at the organization and end-of-year party held at Ikorodu, Lagos East Senatorial, on Sunday, December 5, 2022.
The Cooperative Society, which is registered under the Cooperative Affairs Commission, is dedicated to improving members’ lives through financial empowerment, business financing, thrift and credit, housing, and scholarships, among others.
The lecture and special prayer were handled by Alfa Sodiq Aminu.
Drama and music were used in demonstrating the importance of saving and investing, among others.
Speaking at the event, the president, Busayo Aluko, urged members to shun extravagant lifestyles and cultivate the habit of saving culture for unforeseen circumstances.
Aluko, while announcing members’ shares for the year 2022, announced a special weekly contribution geared towards annual saving plans.
Earlier, the chairman of the cooperative, Aderemi Lawal, thanked the president, members, matron, and patron for their unflinching support.
He further said the cooperative is a prosperity organization with huge benefits for the people, and he urged members to mobilize their friends, families, and neighbors to join the Cooperative Society, fondly known as Alajeseku.
Speaking to our correspondent by the sideline, Aluko said she was happy to celebrate the first end of the year party with members. “I am happy, and I thank God for the successful-year party,” he said.
She noted that cooperatives are a very good tool for addressing poverty, and she urges members of the public to embrace them to address their various material and financial challenges.
The new cooperative has branches in Lagos and Ogun State with hundreds of members, according to her.