Jubilations as Adeyemi college inaugurates Microfinance bank

Staff and students of Adeyemi College of Education (ACE), Ondo were in a
joyous mood on Friday June 1, 2018 during the inauguration of the Adeyemi
College Staff Microfinance Bank ( ACSMB) in the institution.

The ACSMB was built by the Johnson Adebunmi Olasehinde-led Executive
Committee of the Adeyemi College of Education Staff No1 Cooperative
Multipurpose Society.

Speaking while commissioning the building, the Provost of the College,
Prof. Olukoya Ogen, represented by his Deputy, Dr. Samuel Akintunde
described the occasion as epoch making noting that the ceremony would
remain a reference point in the history of the institution.

He congratulated members of the Board of Directors (BOD) and other
stakeholders for the establishment of the Microfinance bank and prayed that
the financial institution would go from strength to strength.

Prof. Ogen assured the ACSMB  BOD of the College support and pledged the
commitment of his administration to its growth and development.

Earlier in his address of welcome, the Chairman ACSMB BOD, Dr Adegboyega
Ajayi thanked God and expressed appreciation to the College Management and
members of the ACECMS No1 and other stakeholders for their support towards
the project.

He reiterated the commitment of the MFB to professionalism and provisions
of excellent service to customers. He also gave assurance that his board
would ensure that money deposited in the bank are secured and properly
managed to meet the satisfaction of depositors.

Dr. Adegboyega, however, pleaded for patience and understanding from
prospective customers and depositors saying "this kind of venture is
different from other ventures, so we are pleading that you give us space to
perform" he remarked.

The ACSMB BOD Chair described the MFB as one of the most sophisticated
microfinance outfit in Nigeria adding that in   “line with the Central Bank
of Nigeria directives, the financial institution has entered into
partnership with two notable commercial banks, Access and Skye to guarantee
smooth and effective operations ".

His words: "We have robust system in place and in fact we are going to be
one of the most sophisticated microfinance bank in Nigeria. Hence, I want
to assure you that whatever you put in our hands is safe" he stated.
The inauguration which featured offering of prayer by a member of the
College pastoral team, Pastor Oluremi Falade, climaxed with unveiling of
plaque by the Deputy Provost, Dr. Samuel Akintunde.
This was followed with facility tour of the MFB to several sections of the
bank which include fund transfer, customer service, Marketing, Risk and
Board Room by Dr. Samuel Akintunde  who was accompanied by the College
Bursar, Mr Ganiyu Abdul; Acting Librarian, Mr Akinade Awoyemi;
representative of the College Registrar, Mrs. Olufisayo Fakorede, Mr.
Oluwamayokun Robert Akinkuoye as well as Chair, ACSMB BOD, Dr. Adegboyega
Ajayi.
Others present were President ACE No1 CMS, Mr Johnson Olasehinde, past
Presidents of the society, Mr. R.A Busari and Mr. Akin Akingunsoye and
former Vice- President of the Cooperative society, Ms Akintoye O.O. to
mention but a few.
The event which was attended by dignitaries from within and outside the
College witnessed the presence of staff of the institution from various
departments and units including the Information and Public Relations Unit,
Provost Office and staff of Adeyemi College of Education Microfinance bank
among others.