The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye, SAN, OFR, has called on staff of the Commission to learn to be prudent in their expenses and always live within their legitimate income.
The Chairman, who was represented by the Secretary to the Commission, Professor Musa Usman Abubakar, made the call during the 13th Annual General Meeting (AGM) of the ICPC Multi-Purpose Cooperative Society Limited, at the ICPC headquarters in Abuja.
Professor Owasanoye warned staff to be wary of financial institutions especially ‘loan sharks’ who offer loans that usually come with heavy burden that may plunge them into financial embarrassment.
The ICPC boss also assured the Executives and members of the Cooperative of the Board’s willingness to support the Cooperative Society, saying, “We are ready to support the Cooperative Society whenever we are called upon to do so.”
Speaking during the AGM, the President of the Cooperative, Mr. Joshua Wakili, explained that the basic policy thrust of his administration was hinged on providing quality, inclusive and transparent administration as well as providing immeasurable welfare package for cooperators.
“A major policy thrust of this administration is the promotion of welfare and enhancement of the living conditions of members,” he stated.
The Cooperative President further highlighted some of the successes recorded during the year under review as well as the challenges.
The Cooperative also declared the sum of N46,804,345.43 as net surplus for appropriation out of which the sum of N21,061,955.40, being 45% of the surplus was recommended for payment as dividend.
As the AGM coincided with the 2023 International Women’s Day celebration, the Spokesperson of the Commission, Mrs. Azuka Ogugua, took advantage of the event to address cooperators as well as invited guests on the significance and theme of the Day which is, “Embrace Equity.”
The Spokesperson lauded the Board and Management of ICPC for giving women equal opportunity to thrive in their chosen career.
She also noted that the theme “Embrace Equity” was in line with one of the cardinal principles of the National Ethics and Integrity Policy (NEIP) which is Human Dignity.
Other speakers at the occasion who gave goodwill messages spoke glowingly of how the ICPC Cooperative Society was setting the tune in terms of prudent management for other cooperatives to embrace.
High points of the event were the presentation of the 2022 Audited Annual Report as well as the dissolution and swearing-in of the new executives.
The tenure of the new executives is for a period two years starting from the day the oath of office was administered on them.