By Eseoghene Emuke
The establishment of the much-anticipated Okugbe Microfinance Bank by the Urhobo Progress Union (UPU) is coming closer to reality as prominent Urhobo sons and daughters including the President General of UPU, Olorogun Moses Taiga have subscribed to the shares of the bank.
This is even as the UPU PG has presented a cheque of N20 million for his subscription to the shares of the bank to the fundraising committee for its quick set up.
Olorogun Taiga, who presented the N20 million cheque on Friday to the Mr. Abraham Ogbodo-led fundraising committee, had earlier promised during the inauguration of Okugbe MFB to invest N20 million.
Okugbe MFB which is being facilitated by the apex socio-cultural umbrella of the Urhobo people worldwide, Urhobo Progress Union (UPU) is aimed among other things to provide easy access to loans for Urhobo women (ewheya) and youths (Ighelle).
Olorogun Taiga, who also received from members of the committee a copy of the official logo from the bank, thanked Urhobo sons and daughters for subscribing to the bank.
Responding after receiving the cheque, the chairman of the fundraising committee, Mr. Abraham Ogbodo, informed the UPU President-General that some subscribers have already paid for their shares and more have indicated interest to pay.
Ogbodo, a veteran journalist and former editor with the Guardian Newspapers, said the committee was looking forward to delivering on its mandate within the shortest possible time to enable the bank begins operation.
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The committee chairman flanked by other members including Mr. Francis Ewherido, Vice Chairman and Dr. Benson Uwheru, secretary, further informed Olorogun Taiga that some committee members and other Urhobos of like minds were already looking at the possibility of floating a regional bank to cater for Urhobo middle and upper class.
“If we are going to chase poverty from Urhobo land, our people must have access to funds set up to boost their businesses”, Ogbodo added.