The Ikeoluwa-Kitan Kajola Co-operative Society recently marked its 10th anniversary in grand style in the Ikorodu area of Lagos State, celebrating a decade of growth, accountability, and people-centred development.
The colourful event drew members, leaders, invited dignitaries and well-wishers who gathered to reflect on the co-operative’s remarkable journey since its establishment in 2015.
With over 83 branches spread across the South-West, Kajola has steadily evolved into one of the region’s most structured and disciplined co-operative societies. Beyond savings and loans, the organisation has distinguished itself through monthly workshop trainings for cooperative leaders and heads of departments, aimed at strengthening governance, financial literacy and ethical leadership across its branches.
In her anniversary address, the Chairman, Honourable Mrs. Folake Monsurat Lumous, expressed deep gratitude and pride in how far the co-operative has come. She commended the executive members for their dedication and specifically applauded members for their honesty, steadfastness and commitment to the cooperative’s core values.
While appreciating those who have actively brought in new members, she encouraged non-active members to re-engage and contribute more meaningfully, cautioning all to remain vigilant against admitting fraudulent individuals that could undermine the society’s integrity.
One of the highlights of the anniversary was the generous reward ceremony, where dedicated members were celebrated for their loyalty and performance. Electrical appliances, kitchen utensils and other valuable items were presented, while two outstanding members went home with a motorcycle and a generator respectively. Children of deserving members were also gifted in recognition of their parents’ positive impact within the cooperative, adding a warm family touch to the celebration.
The event was further enriched by the presence of respected invited guests, including representatives from The Ministry of Commerce, Co-operatives, Trade and Investment, Mr. Dauda Oriolowo, Mr. Isaac Adegboyega Adeleke, Alhaji Taoreed Olowoshile, Comrade Adetomiwa Obadare, Alhaji Omidiran Fatai, Mrs. Bukola Lumous, Mr. Waheed Ewujebe, Mr. Ayotunde Akintunde and Mr. Babatunde Akintunde, who all commended Kajola for its transparency and consistency over the years.
A detailed financial presentation covering August 2015 to 2025 underscored the co-operative’s prudent management. With total shares and savings standing at over N110 million, total loans of N80 million, and a current bank balance of N34.6 million, Kajola recorded a net profit of over N4.7 million after expenses. The disclosure reinforced members’ confidence in the leadership’s commitment to accountability and sustainable growth.
Special recognition was also given to high savers, best returnees, outstanding attendees and members who successfully invited new participants into the co-operative. These acknowledgements not only celebrated individual discipline and commitment but also reinforced the cooperative spirit that has sustained Kajola for a decade.
Ikeoluwa-Kitan/Kajola anniversary concluded on a joyful note, with abundant food, drinks and warm interactions, leaving attendees with a renewed sense of pride and optimism. As Ikeoluwa-Kitan Kajola Co-operative enters its second decade, members and stakeholders expressed confidence that the organisation will continue to grow as a model of unity, trust and shared prosperity.
By Fikunmi Sokoya
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