24/09/2025
**The BASIRI ORESOTITO SABO (SAGAMU) COOPERATIVE MULTIPURPOSE UNION LIMITED's 1st Edition of A Day in-house Retreat was a significant event that brought together affiliate societies to focus on building solid societies and unions. The theme aligns with the broader goals of cooperative societies in Nigeria, which include:
- *Improving Living Standards*: Enhancing members' lives through skills training, job opportunities, and financial assistance. This goal is crucial for promoting economic development and reducing poverty.
- *Fostering Entrepreneurship*: Encouraging joint entrepreneurship, healthy competition, and skill improvement. This helps members develop new skills and explore business opportunities, contributing to the growth of the cooperative and the local economy.
- *Promoting Social Development*: Reducing poverty, promoting employment, and enhancing social and economic development. Cooperatives play a vital role in achieving these objectives by providing support to members and promoting community development.
- *Capacity Building*: Developing the capacity of members and staff to effectively manage and govern the cooperative. This is essential for ensuring the long-term sustainability and success of the cooperative.
The duties of the society's trustees are critical to achieving these goals. Trustees are responsible for:
- *Acting in Good Faith*: Trustees must act honestly and in the best interests of the beneficiaries, avoiding conflicts of interest. This ensures that decisions are made with integrity and transparency.
- *Managing Assets Prudently*: Trustees are responsible for managing the society's assets wisely, making informed investment decisions, and avoiding unnecessary risks. This helps to protect the assets and ensure the financial stability of the cooperative.
- *Keeping Accurate Records*: Maintaining accurate and up-to-date records of the society's activities and transactions. This is essential for ensuring transparency and accountability.
- *Ensuring Compliance*: Complying with relevant laws, regulations, and governing documents. This helps to avoid legal and regulatory issues and ensures that the cooperative operates within its mandate.
- *Providing Vision and Leadership*: Trustees provide strategic leadership and direction, ensuring the society achieves its objectives. This involves setting goals, developing strategies, and monitoring progress.
The event featured notable dignitaries, including:
- *Mr. Ambali Abdulrazaq*, Union President
- *Mr. O A Babarinde ficp*, representing the Director of Cooperative Services in Ogun State
*Mr. S. Oludotun*, Officer in charge
- *Mr. Aboodun Paul Okusolubo*, representing the President of Ogun State Cooperative Federation Limited
- *Mr. Joseph Salako*, Cooperative Auditor in charge
Overall, the retreat was an important step in building solid societies and unions, promoting cooperation, and achieving development goals. By focusing on capacity building, trusteeship, and good governance, the cooperative can ensure its long-term sustainability and success.*