As part of the commendable success story of Great Ife Alumni (Ikeja) Cooperative Multipurpose Society, the Lagos State Ministry of Commerce, Industry and Cooperatives has applauded the leadership of the society for their commitment, which has placed the Cooperative at the envy of others.
This attestation of the Lagos State government came through the supervisory Ministry of Commerce, Industry and Cooperatives in a recent letter of commendation dated 5th May 2025 and signed by Mrs Zulikha O. Ibraheem, Director of Cooperatives of the Ministry
to the leadership of the GIMM (Ikeja) Multipurpose Cooperative Society.
In her efforts to sustain the tempo, Great Ife (Ikeja) Cooperative Multipurpose Society Ltd has re-elected a new management team to lead the affairs of the society for the next two financial years 2025 to 2027. This follows the outcome of the first elective Annual General Meeting of the Society, which took place on Sunday, August 3rd, at the body’s secretariat at the Obafemi Awolowo University Guest House/Hotels, Opebi, Allen Ikeja Lagos.
The AGM was held under under the established procedure and the supervision of officials from the Lagos State Ministry of Commerce, Industry and Cooperatives. Among the officials in attendance were Olubukola Adesanmi – Cooperative Supervisor, Lanre Ariyo – Presisent, Ikeja Cooperative Multipurpose Union, Mr. Said Ige – PRO, Ikeja Cooperative Multipurpose Union, Mr. Amusan – Deputy Area Officer and Representative of the Area Officer, Mrs Olugbemiga Odukoya, among others.
The event also had in attendance members of the Cooperative from different parts of the world, including the United Kingdom, Canada, United States, and other parts of Nigeria, with over 50 Cooperators physically in attendance.
The new Management Team of GIMM (Ikeja) Cooperative Multipurpose Society Ltd is composed of a fine blend of seasoned professionals in diverse career and business fields. The President, Moshood Fatai, is a travel and tourism consultant and a former senior administrative staff at the West African College of Surgeons while the Vice President, Hilary Damissah, is a versatile media practitioner with over 20 years of experience in multimedia journalism, public relations, and event management as well as public sector consultant on reputation and stakeholders management.
Similarly, the Treasurer, Mayokun Oluwemimo, is a reputable banker and a branch manager at one of the most vibrant Ecobank branches in Lagos, just as the First Ex-officio, Olawumi Taiwo is also a former banker and now entrepreneur with business interest in haulage and logistics spanning over two decades.
Other elected management team officials are Abibat Ogunleye – Secretary, Juliana ‘Funmilola Alabi – Assistant Secretary, Barr. Akingbade Dada second -Ex-Officio and Kamilu Oladipupo Financial Secretary.
Worthy of note is the fact that all the newly elected management team were returned unopposed from the founding management team due to their commendable performance and progress recorded by the Cooperative since it’s inauguration on December 19th, 2022.
The Chairman of the 2025 AGM and Vice President, Hilary Damissah, expressed gratitude to all for the success of the first elective AGM of the GIMM Cooperative.
“I’d like to use this opportunity to specially thank everyone for your cooperation and support towards a successful AGM/Election 2025”. Hilary applauded the dedication and service of the Cooperators and particularly the leadership for their unrelenting efforts to drive growth and social inclusion among the members.
In his acceptance remarks on behalf of the newly elected management team, the President Moshood Fatai thanked the officials of the Lagos State government and other invited guests for their goodwill and encouragement towards the growth of the Cooperative Society.
“To all of us newly elected, let’s see this as another opportunity to
be of service to others because we’ve been found worthy of these positions and responsibilities entrusted on us,” he enthused. Moshood added that the Cooperative will explore new investment opportunities to build collective wealth and welfare for the members.
“As a team, we shall be more innovative, engaging, and proactive towards scaling faster and to create more opportunities for our members,” he remarked.
The Great Ife Alumni (Ikeja) Cooperative Multipurpose Society Ltd was inagurated on the 19th December 2022 and now has a membership subscription of 128 Cooperators as of August, 3rd 2025. Interestingly, none members of Great Ife (OAU) make up 30 per cent of the Cooperators as permitted by the Lagos State government Cooperative Bye Law.
The Cooperative is driving investment in strategic financial portfolios and has grown in capital base appreciably from zero just over two years ago to about forty-two million, four hundred and ninety four thousand naira (N42,494,000) as of the financial year ending December 31st, 2024.
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