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HomeBusinessLong Service Awards: Cooperative Mortgage Bank Rewards Workers With Houses

Long Service Awards: Cooperative Mortgage Bank Rewards Workers With Houses


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As part of the effort to boast the moral of its workers, the management of Cooperative Mortgage Bank (CMB) has rewarded 14 members of its staff with houses in Ibadan, Oyo State Capital.

The beneficiaries, who had spent between five to 17 years in service, were rewarded for their dedication and service to the bank.

The houses are located within the Coop Pacesetter Neighborhood in Ajoda New Town, Ibadan, the Oyo State capital.

Speaking at the presentation, the Managing Director and Chief Executive Officer of the bank, Kabir Ayinde Tukur, said the event was specially organised to appreciate the dedicated members of staff who had been with the organisation for years.

Tukur disclosed that beneficiaries, who are drivers, security guards and office assistant, were integral parts in the progress of the bank over the years, noting that they had also handled properties in their care meticulously.     

He said, ‘’We are here today to celebrate the Long Service Awards. We are here as the board and management of Cooperative Mortgage Bank Limited to appreciate staff that have served diligently.”

“With their efforts, there has not been any theft in our branches and we have not had any major accident.

‘’We think fit that for what you have done, for keeping our company safe, we should also keep you safe with shelter as you move on in life.’’

While admonishing them to remain dedicated to service, he added that there was no better reward than giving houses to loyal employees of a mortgage bank.

In his remarks, the Chairman of the bank’s board, AVM Walter Ogujiofor (rtd), said he had always been delighted with such occasion where excellence is rewarded.

While appreciating the MD for initiating the gesture, Ogujiofor noted that staff members are the engine room of any organisation as displayed by the beneficiaries who had dedicated their lives to the service of the bank.

He therefore charged them to do better than the good deeds that earned them the rewards, adding that other loyal members of staff should also be rewarded.    

Mr Nwokoro Okorie, who appreciated the management on behalf of other beneficiaries, said the bank initiated a gesture that none of them had seen or heard before, adding that the whole arrangement was divine.

Okorie, who had spent seventeen years in the organisation, could not hide his emotions as he could not express his joy.

Also in attendance at the event were the Deputy Managing Director, Musa Abubakar Yusuf, the Acting Company Secretary, Ifeoluwapo Adesina, with Engr Samuel Abayomi Akinsete, Oluwole Okunuga and Adeleke Adeleye who are also members of the board.

Others include the Chief Operating Officer of the bank, Chiwendu Umezurike, heads of departments, and well-wishers.

Established in 1994, Cooperative Mortgage Bank is licensed and regulated by the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria, insured by the Nigeria Deposit Insurance Corporation, and accredited by Federal Department of Cooperatives as a cooperators’ bank. The bank is currently in the 7-man board of the International Cooperative Banking Association.


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