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AROCOM begins repayment of subscribers, targets Nigerians for empowerment


An Empowerment and Social Security Organisation under the aegis of AROCOM has expressed its resolve to pay subscribers who were yet to benefit from their investment before the suspension of operations some years back.

Besides, the organisation disclosed that no fewer than one hundred million Nigerians would be reached for socio-economic empowerment with the relaunch of its operations.

In a communique issued after its National Coordinating Council Conference in Abeokuta, Ogun State capital, over the weekend, said it being owed N2 billion by the previous beneficiaries of its “ friendly soft loans and credit sales of Household Appliances, electronics, equipment and automobiles.”

The Communique, signed by the Director-General of AROCOM Foundation, Olabode Adeyi, the Director of services, Benjamin Taylor and the Refonal Coordinators of the six Geopolitical zones of the Country, namely: “Uche Ogbonnia (South East); Alhaji Jafaru Makama (North West); Joseph C. Karka (North East); Prince Bisi Oladeji (South South); Victor Okolu (North Central) and Raheem Ajisafe (South West), said Claimants should come up with evidence of being owed to access their benefits.

“The reorganised and relaunched AROCOM Foundation and AROCOM GROUP are using this medium to call on subscribers of the organisation who had been there pre 2012 before the suspension of operations to come up with convincing evidence for their benefits.

“The payment is going to be done regardless of the fact that almost N2Billion is still being owes the group; the bulk of the money owed is from the West, where we started the programme before moving to other regions while the empowerment lasted,” the Communique reads in part.

It would be recalled that AROCOM Foundation and AROCOM Group had been in the vanguard of providing free-of-interest soft loans to the less privileged in Nigeria, in addition to the credit sales of Household Appliances, electronics, equipment and Automobiles to the private and public sector.

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