As a sign of trust , a vote of confidence was unanimously passed on Mr. Frank Essien, President, NDDC Staff Co-operative Credit and Investment Society Limited by members of the organization.
Addressing members at the body’s extra ordinary general meeting in Port Harcourt, the president of the body, Mr. Frank Essien, particularly thanked the Managing Director /CEO, H.E. Obong Nsima Ekere, Director of Administration, Director Co-operative, Mr. Nwachukwu George, Co-operators and management committee for facilitating the convening of the meeting.
Mr. Essien recalled that the only way members could better appreciate the facts of what has happened in the organization is to take a retrospect at events prior to their inception, stressing that his team came into office when the co-operative was embroiled in a major land scam that almost ended the confidence and trust of most members.
He explained that inspite of the whole scenario that the organization was embroiled in, this according to him did not in any way deter the management committee from revamping the co-operative in all ramifications, stressing that, as a body that believes in hard work, there was the need to rebuild confidence in members and encourage members who exited to return. This He said they did with all sincerity of purpose.
The president further explained that in order to turn things around, his team went ahead to initiate various investment programmes/ projects to strengthen the finances of the co-operative, and for the benefit of members.
Interestingly, Mr. Essien hinted that despite challenges, the co-operatives which the management committee inherited in September 15th, 2015 had transcended from a relatively small wobbling business group with about 325 memberships to a large one with about 1000 membership with a vision and multiple business interests that now could be measured as a standard.
Mr. Essien maintained that the key performance indicators in the co-operative includes; credit, investment, real estate and above all, the co-operative ventured into the areas of the IOU scheme, oyster table water business, micro finance bank, etc.
He stated that inspite of efforts the challenges still lies ahead, adding that the supply of oyster table water from source has not been regular due to the changes in the administration of NDBA, the inability of staff/ co-operators to patronize “ our table water very well as should be expected and lack of adequate publicity for the Oyester table water.
Earlier in his speech, the Director of Co-operative, Mr. Nwachukwu George has said that he was satisfied with the level of success recorded by the management committee, and eulogized Mr. Frank Essien for taking the cooperative to another height.
Mr. George advised that henceforth matters relating to union activities should be clearly spelt out and not be taken into co-operative matters, stressing that the SPV project funding should be terminated so as to give room for members to suggest any company of their choices for biding.
However, some members of the co-operative who spoke at the meeting commended the management of the body and expressed their appreciation and satisfaction on the way the meeting went, but however, advised some member to shun backbiting and backstabbing of one another.