AFSMCS repositions against fraud, focuses on ongoing projects

Seventeen years after, Members of the Airport Fire and Safety Multipurpose Coperatives Society (AFSMCS) have started working out modalities to ensure that the Society stabilises, just as they have equally adopted a strong internal mechanism to block all loopholes responsible for an attempted fraud that took place last year.

President of AFSMCS, Mr Richard Tella who gave the hint recently during 17th Annual General Meeting (AGM) noted that the society has faced a couple of challenges, especially in 2016 when a large number of their members from the Federal Airports Authority of Nigeria (FAAN) retired from service, which led to lots of withdrawals.

Despite the exodus of such members, Mr Tella pointed out that the Society still maintained her stability. He therefore, expressed appreciation n to it members whose criticism, patients and encouragement have made them tackle the challenges.

Giving his members on the update on the attemmpted fraud discovered last year, Tella said “The report of our investigation into the attempted fraud confirmed and revealed a fraud orchestrated by a syndicate of staff and perfected from 2009 until it was discovered in 2016. Some of the suspects have been arrainged in Court for criminal proceedins while we have also recovered some properties. Further developements on this shall be conveyed at the appropriate time”.

As part of the promises given to its members in last year’s AGM, Tella confirmed that the Society has acquired 200 plots of land for an estate known as Aviation Cooperative Gardens at Lusada area of Agbara in Ogun State. The cost of a plot, Tella said is N2.5 million and the payment is spread over the period of 48 months , adding that few plots are stll available for members who are interested.

Speaking further, the President stated that the Society recently acquired a school property in conjunction with Federal Ministry of Transport And Aviation (FMT&A) Cooperative Society at Alakuko in Lagos which is still under renovation in readiness for registration so that academic session can commence immediately.
While the Society has equally acquired a property at Mafoloku Oshodi for a proposed Guest House, Tella also reminded the audience that they have since commenced the reconstruction of the old secretariate.
To attract investments, Tella also revealed that AFSMCS is creating Investment Partners Platform (IPP), which is an opportunity for memebers to continue to harvest dividends even after their retirement.
On the plans they have for memebership training and developemenet, Tella said “Our society has not relented in her efforts to maintain training of memebers especially with focus on post retirement life. We will begin to organise seminars on Economic Empowerment for our members to prepare them for life after retirement. We will endevour to ensure that every member participate in the training . We appeal that you bear with us as we intend to carry out the excercise with transparency”.
Tella however, informed that the Society also wants to bring to their members notice that a new software application has been installed , a web anabled application that allows members to access their financial statement on the site with their user ID and default passwords.