The Welfare committee is one of the standing committees setup by the ExCo to help it achieve its aims and the alumni foundation’s objectives.
The Scope of activities includes but are not limited to:
- Assisting the ExCo as regards welfare issues for 89ers foundation.
- Receive and deliberate on requests bordering on welfare issues
- Inform on findings and provide recommendations for the ExCo to review and act upon.
- Proper record keeping of the welfare account.
- Recommendation on Freewill donations will (if at all) be ONLY with express approval of the ExCo.
- Generally monitor and arrange for the general welfare of members as a whole.
- Reaching out to every member with a view to ascertain current economic status.
- The development of welfare initiatives as well as taking the lead on welfare campaigns.
- Inform on dues deduction from welfare packages if need be.
- Create and operate a group life insurance policy.
- Create and operate a multipurpose cooperative society for the benefit of registered members.
- Liaise with reputable Health Maintenance Organization (HMO) to provide health insurance coverage for members.
Excerpt from the End of year 2020 report submitted by the Welfare committee is shown below
It has been an eventful year no doubt and although constrained by the effects of a series of lockdowns and restrictions owing to the pandemic, we as a committee have not lost sight of our pledge to you. Below is a summary of our progress to date
Health & Life Insurance – A group life insurance scheme has been set up for up to date due paying members with premium paid by the foundation to cover members with payouts made out to their nominated next of kin. Further details on Health Insurance cover to follow in the 1st quarter of 2021.
Pension and Retirement Planning – Members are strongly encouraged to set up a Pension and Retirement plan. AFRINVEST, Stanbic IBTC and ARM Investment Managers are credible recommended providers. Note that this is not a group scheme but for members to privately approach these or any other with regard to Pension, Retirement Planning and Wealth Creation.
Loans – Issuance of loans is still ongoing and we currently have members who have benefited from this facility with some having paid back the loan sums awarded in full. Applications from qualified members are still welcome
Co-Operative Society – We are happy to inform you that the co-operative has been formally registered despite all challenges posed by the Covid-19 pandemic. At the moment, we are in the process of opening a bank account. In the interim, we have commenced contributions into the cooperative’s account. The details are shown below
Bank: Access bank
Account Number: 1448788831
Please note that the co-operative is open only to due paying members of the 89′ Foundation. Refer to the Bye Laws for detailed information.
COVID-19 Palliatives for class of 89 – A 2nd round of grant to the tune of N10,000 per person was initiated by the exco as palliative in July for members requiring such assistance but missed out in the first distribution. This is a grant and was open to all persons in the graduation class of 1989
Medical Assistance – Financial assistance was rendered to one of our members towards an urgent surgical intervention. We are happy to note that the operation was successful and the said member has fully recovered.
Wedding bells – It is with joy that we witnessed the exchange of vows between our member Mr Ayodeji Ajaponna and his beautiful bride this December. He has been presented with a token in accordance with the Foundation’s constitution. We wish the couple a happy married life.
Foundation members’ welfare enquiries remain as below:
Mr Peter Joel: email@example.com
Mrs Susan Olusola Adeh: firstname.lastname@example.org
Use the Contact Us Page
Group Social Health Insurance Programme.
Please see more details at the GSHI page
Please also contact us: Mrs. Biboye Osademe | +234 805 416 0253 | email@example.com