FUNAAB SSANU Investment Scheme Holds 2025 Annual General Meeting, Reports Strong Financial Outlook

The Senior Staff Association of Nigerian Universities (SSANU) Investment Scheme at the Federal University of Agriculture, Abeokuta (FUNAAB) has held its 2025 Annual General Meeting (AGM), with leadership reporting improved financial performance and renewed calls for member participation in investment initiatives.

The meeting took place on April 22, 2026, at the SSANU Secretariat, bringing together stakeholders to review the scheme’s performance, financial activities, and strategic direction for the new operational year.

In a goodwill message delivered on behalf of the Registrar, Dr. Titus Adeniyi, Mrs. Funmi Bamgboye commended the Investment Scheme leadership for what was described as improved financial outcomes driven by prudent management and strategic planning.

The Bursar, Mr. Olukayode Osinuga, represented by Mr. Akeem Folorunso, also praised the committee for sustaining internal cohesion within the scheme. He, however, emphasized the importance of members maintaining consistent loan repayment discipline to ensure the long-term sustainability of the investment structure.

Speaking at the meeting, the SSANU-FUNAAB Chairman, Comrade Olugbenga Alayode, encouraged members to fully engage with available investment opportunities, noting that increased participation would strengthen the scheme’s impact and improve service delivery. He expressed confidence that the investment framework remains capable of meeting members’ expectations if properly utilized.

Earlier, the Chairperson of the Investment Scheme, Mrs. Deborah Ologun, expressed appreciation to members for their continued trust and support, stating that the scheme recorded notable achievements within the last financial year.

She, however, observed that some members had yet to take advantage of newly introduced investment options and urged wider participation to maximize returns and collective benefit.

Mrs. Ologun also issued a directive urging members who had acquired landed property at Owe Village to commence development without delay, warning that failure to do so could result in forfeiture. She added that decisive administrative steps would soon be taken to resolve outstanding land-related matters.

Providing an overview of financial performance, she disclosed that the scheme invested ₦10 million in Treasury Bills through Zenith Bank during the year under review, yielding an interest rate of 14 percent.

The AGM concluded with renewed assurances from leadership on transparency, accountability, and improved member value within the investment scheme structure.