Breaking News

CFN boss tasks cooperative excos on financial rectitude

Kindly Share This Story:

By Ebun Sessou
President of the Cooperative Federation of Nigeria (CFN), Mr.Oriyomi Ayeola, has called on leaders of cooperative society to desist from misappropriation and embezzlement of cooperators’ funds.

He made the call during his installation as Arobayo of Epeland, where he urged cooperative executives to uphold moral rectitude and accountability.

According to him, there are reports of misconduct from some cooperative leaders, adding that it is pertinent that such leaders comport themselves properly and know that whatever they do has both negative and positive implication.

He counseled: “We should all know that we are being watched as a group and as individuals. As cooperators the onus is on us to know that whatever position we hold, we must be accountable. We need to know that we are holding in trust funds for the benefit of all and everything we are doing should be done with trust being the cardinal of cooperative scheme.”

Ayeola encouraged sole proprietors and small scale business owners to come together and form cooperatives for their benefit, adding that aside having access to funds there are many benefits to enjoy as a member of a cooperative society.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!