MBBOV opens the 15th outlet within 3 years in Ilodo Town in Ijebu Imushin - Paul Ukpabio's Blog


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Saturday, 5 December 2020

MBBOV opens the 15th outlet within 3 years in Ilodo Town in Ijebu Imushin

MBBOV Co-operative Society last Wednesday fulfilled the aspiration of the people of Ilodo Town in Ijebu Imushin in Ogun state, when the organization opened its 15th outlet in the town which borders with three other major towns in the area.

It was indeed a festive occasion which was witnessed by the people of Ilodo Town led by HRM Kabiyesi Oba Isiaka Olajide Ajede, the royal monarch of Ilodo Town, who ensured that those who mattered in Ilodo Town were all present, to receive the new business in the community.  

Among those present were: HRH Oba Barrister Adebayo Okubena Elerunwon of Erunwon Ijebu, Oba Joseph Fakoya, the Mojosoke of Ita Marun Ijebu Imushin. Okubena Mukaila Balogun Ilodo, Otunba David Idiabana, President Ilodo Royal Vanguard UK, Hon Adebanjo Adebowale , Vice Chairman Ijebu East Local Government, Chief R.G Oyenuga Oloritun Ikala, Ekejiola Sunday Okuwobi Okudero, the Ekejulu of Ikala in Ijebu Imushin, Hon Otunba Kunle Adegbesan, Alh. (Prince) Adedoyin Yusuff, Otun Akogun of Ilodo Kingdom, Pastor J. A Osolana (JP), Serifatu Quadri the Iyaloja of Ilodo Town, Hon Seun Adesanya and Rev Father Anthony Adetayo amongst others.

Also present were dignitaries from far away in the United Kingdom where the founder of MBBOV Cooperative Society Mrs. Valerie Ayodele is based and where the business idea was conceived years ago, to better the lot of SMEs and provide funds for industrious people in Nigeria.

In his opening remarks by the General Manager of MBBOV Co-operative Society Mr. Michael Odafe Ugbewanko, said that according to the founder of the co-operative, the sole reason why they have chosen to birth the 15th outlet in Ilodo Town is to make funds available for small scale entrepreneur to grow their businesses. He spoke of the Osusu loan plan, salary advance, sharp-sharp loan plan, education tuition plan and the regular saving schemes which attract interest for members.

“There is faster growth in business synergy. We see members of our co-operative as family and friends, this is going to be a business synergy that will help market women, youth entrepreneurs to grow and help many look away from white collar jobs. This has worked at other places where we have set up outlets and we presently have over 5000 customers across our different outlets with a volume of business that runs into several millions of naira and 90% debts collected,” he said.

An overjoyed in his response said that he is over joyed to bring development to his people because he who brings his people funds to build their business, is at the same time putting food on their table. He thanked Mrs. Valerie Ayodele for considering Ilodo Town worthy of such gesture and prayed that just as the business has become big and bigger at other places, the obne in  ilodo Town will also become big and bigger too.

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