The President General of Urhobo Progress Union (UPU) Worldwide, Olorogun Dr. Moses Taiga has inaugurated the fund raising committee for the establishment of the Okugbe Microfinance Bank to cater for the needs of the Ewheya and Ighelle in Urhobo land.
Inauguration the committees, Olorogun Moses Taiga said that, the beginning of journey like this always look tedious and uncertain, but encouraged them not to be discouraged by the small beginning, saying that, his dream is that this mustard seed will metamorphose into a big band like Wema Bank someday and hopefully in his lifetime.
While assuring the committee of UPU and the PG firm support, Taiga urged the committee of feel free to approach the UPU at any point for any assistance they may require.
The committee is chaired by Mr. Abraham Ogbodo, former editor of The Guardian, Mr. Francis Ewherido, author and insurance expert, vice chairman; Dr. Benson Uwheru, Secretary; Prof Joe Abugu (SAN), Mr. Fred Ohwawha, Mr. Ted Okumakube, Mr. Johnson Agagbo, Mr. Eddy Odivwri and Dr. Bernice Dema.
Other members are: Mr. Obaro Osa, Dr. Abel Ojo Mr. Friday Obojor. Mr. Steve Ighomuaye, Mr. Ibunor Agama, Chief Kenneth Iwhewhe, Mr. Kenneth Young, Mr. Sargin Lucky and Rume Ophi.
However, the mandate of the committee inaugurated by Taiga is to raise initial three million (
N3,000,000) to enable the bank commence as a unit, while the second phase of the projects is to raise N1.5billion to enable the bank get a state wide status so that it can cover all the nooks and crannies of Urhobo land.
According to the chairman of the committee, Abraham Ogbodo “To raise the initial
N3million, the committee is targeting 300 Urhobo sons and daughter’s resident in Nigeria and abroad who can invest a minimum of N1 million in the band, adding that, so far about 98 individuals and 10 associations have indicated interest to invest in the bank.