THE ODU’A Cooperative Alliance, on Tuesday, presented an award to the sage, Chief Obafemi Awolowo for his contribution to the society which has been declared as unparalleled in the history of cooperative society in Nigeria.
The posthumous award was presented during the launching of the society at an event held at the Lekan Are Hall, Kakanfo Inn, Ibadan. The event saw hundreds of people, who came from the six states in the South-western part of the country.
The President of the cooperative, Chief N.E. Osisanya, said Chief Obafemi Awolowo’s one million pounds capital reimbursement, when he was the premier of the Western Region turned things around in the history of the society.
He added that the midas touch of Chief Awolowo’s governance would forever remain an indelible mark in the annals of Nigeria’s history.
Osisanya, however, appealed to the governors of the South-western region to emulate Chief Awolowo in granting a “revolving loan to members at a single digit interest rate. This will be similar to what Chief Awolowo did in the 1950s that gave birth to former Cooperative bank and others.
Also, the president of Cooperative Investment and Trust Society (CI&TS) Limited, Ibadan, Victor Sola Adenigbagbe, said co-operators will not forget the decision of Chief Awolowo to bring in a qualified personnel in person of Mr H.J. Vernon from the Co-operative Bank of England as first General Manager, “he also allowed the operation of the bank to be operated exclusively by co-operators themselves.”
Receiving the award on behalf of the Awolowo family, Associate Editor, Nigerian Tribune, Mr Femi Olukunle, thanked the cooperative family for remembering the ever living legacy of the sage.
The society also conducted investiture of new patrons of the association while new logo of the society was also unveiled.