Taiga’s N20m investment boosts UPU bank’s vault
The quest for financial inclusion among the Urhobo received a boost at the weekend when President-General of the Urhobo Progress Union (UPU) Worldwide, Olorogun Moses Taiga, presented an N20m cheque for his subscription to the shares of Okugbe Microfinance Bank.
He had promised during the inauguration of the bank’s fundraising committee to invest N20m in the proposed finance house, being set up to provide easy access to loans for Urhobo women and youths.
Responding while receiving the cheque, chairman of the committee, Abraham Ogbodo, told Taiga that some subscribers had already paid for the value of their shares and that many more were itching to pay.
He said the committee was looking forward to delivering on its mandate within the shortest possible time.
Ogbodo also informed that some committee members and other Urhobo indigenes of like minds were considering floating a regional bank to cater for the middle and upper class of Urhobo extraction.
“If we are going to tackle poverty in Urhobo land, our people must have access to funds to set up their own businesses or boost existing ones,” he said.
The committee, which has Francis Ewherido as vice chairmen and Benson Uwheru as secretary, also presented the bank’s logo to Taiga.