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UPU Mobilising Funds For Micro Finance Bank



UPU mobilising funds For Micro finance bank

Prominent sons and daughters of Urhobo land are mobilising funds to set up a microfinance bank to cater to the needs of the ewheya (women) and ighelle (youngsters) of Urhobo land. To that end, the apex Urhobo socio cultural body, Urhobo Progress Union, UPU has set up a committee to mobilise funds for the UPU micro-finance bank.

A fundraising committee to raise the funds was recently inaugurated by the President General of Urhobo Progress Union, Olorogun Moses Taiga with Mr. Abraham Ogbodo as chairman, Mr. Francis Ewherido, vice chairman and Dr. Benson Uwheru, secretary.

Why UPU Is Mobilising Funds For Micro Finance Bank – Taiga

Speaking during the inauguration, the UPU PG said, “the beginning of a journey like this always looks tedious and uncertain, but I encourage you not to be deterred by this small beginning. My dream is that this seemingly small effort, like a mustard seed, will metamorphose into a big bank like Wema Bank someday, hopefully in my life time.”

The mandate of the committee is to raise an initial N300m to enable the bank commence as a unit. The second phase of the project is to raise N1.5b to enable the bank get a state-wide status so that it can cover all the nooks and crannies of Urhobo land.

To raise the initial N300m, the committee is targeting 300 Urhobo sons and daughters resident in Nigeria and abroad, who can invest a minimum of N1m in the bank. So far 98 individuals and 10 Urhobo associations have indicated interest to invest in the bank, according to Ogbodo, a former editor of The Guardian.

Other members of the committee are Prof. Joe Abugu (SAN), Mr. Fred Ohwawha, Mr. Ted Okumakube, Mr. Johnson Agagbo, Mr. Eddy Odivwri, Dr. Bernice Dema, Mr. Obaro Osa, Dr. Abel Ojo, Mr. Friday Ebojor, Mr. Steve Ighomuaye, Mr. Ibunor Agama, Chief Kenneth Iwhewhe, Mr. Kenneth Young, Mr. Lucky Sargin and Rume Ophi.

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