Media workers multipurpose cooperative society Limited (MWMPCS) has announced a net surplus of #27,616875,057 for the year’s 2020 and 2021.
Disclosing the figure during the third Annual General Meeting (AGM) held in Asaba, the President of the Cooperative Society, Mr Festus Uzor, said that MWMPCS ended the year2020 with #13, 015,293.43 and #14,601,581.62 for the year 2021
Uzor also said that the society, despite the Covid 19 pabdemic, in the year under review earned an external reserve of #9,000,000 with the Delta State Public Service Workers Multipurpose Corporative Union Limited.
He however pointed that the outbreak of Covid 19 pandemic in the 2020 lead to some challenges which also affected other cooperative society.
On his part, the Treasurer of the society, Mr Ikechukwu Onyiah reiterated the commitment of the society to the welfare of it’s members.
Some of the consideration by the management Committee on entrance fees, loan bonds, DPSMCSU thrift, share capital and diversification of investment were considered by members after much deliberations.
Highlight of the event was the passing of a vote of confidence on the executive members of the cooperative society and their return to office with Mr Festus Uzor as President, Mr Frances Halim as Vice President, Mr Vincent Maduka as Secretary, Mr Dominic Okonta as Assistant Secretary and Mr Ikechukwu Onyiah as Treasurer and entertainment of members of the corperative society
