February 2026 Physical General Meeting

Members were requested to attend with their FGSCAA Membership ID Card and Constitution. Virtual access was provided for members outside Lagos and in the diaspora.

The meeting commenced at 2:32 PM, with former President Gbenga Oladiran authorised to preside.

The opening prayer was followed by the National Anthem and Festac Grammar School Anthem.

The presiding officer explained that the meeting time had been moved from the usual 12:00 noon to 2:00 PM on a trial basis to assess whether a later commencement would improve participation, including remote participation.

Members reviewed the previous meeting minutes. No correction or omission was recorded. Olatayo moved the motion for adoption and Bukola Alamu seconded.

Marian Obafemi presented highlights from the Half-Year Financial Report for the 2025/2026 financial year.

Members were informed that ₦815,000 remained outstanding to vendors who had rendered services during the 2025 Homecoming programme.

The General Meeting approved that the outstanding ₦815,000 be settled from the Association’s account rather than requesting members to undertake another fundraising exercise for the same obligation.

Members were further informed that a full-year financial report would be presented at the end of the 2025/2026 financial year.

The Agro-Cooperative Investment Ad Hoc Committee presented preliminary findings on possible agricultural investment opportunities for the Association.

The Committee considered options including agricultural land, partnerships with agricultural operators, palm and cocoa cultivation, shorter-cycle crops and other commercially viable agricultural activities.

A possible land opportunity in Agbara was discussed.

The Scholarship Ad Hoc Committee reported that 10 students had received scholarships under the Association’s education-support programme.

Members acknowledged the continued progress of the scholarship initiative.

The Welfare Committee thanked members for their contributions toward the welfare intervention under consideration.

The Committee reported that ₦100,000 had been disbursed, with a balance of ₦645,000 remaining from the funds raised.

Members emphasised the importance of timely welfare reporting and appropriate disclosure of funds received, amounts disbursed and balances remaining during the course of an intervention.

Members discussed the participation of qualified FGSCAA members in supplying goods and services required for Association programmes.

Ayodele Ogunniyi suggested that qualified members should, where appropriate, be invited to submit quotations before the Association sources externally.

Ramat Onimole raised concerns about the quality of materials supplied in a previous instance, while Tobi Joweigha and Pastor Abodunde emphasised capability and quality assurance.

The broad position was that member participation should be encouraged, but competence, competitive quotation, quality, value and satisfactory performance must remain essential considerations.

The Career & Business Development Committee discussed the development of a retirement-planning and financial-preparedness programme for members.

The proposed programme was intended to encourage members to plan adequately for later life and reduce excessive dependence on their children.

A workshop or panel-discussion format was considered, with qualified resource persons to be engaged where appropriate.

The Committee was encouraged to develop the proposal further.

Kehinde Adewunmi discussed strategies for attracting eligible members and reconnecting with former or inactive members.

The meeting recognised that successful reclamation and retention would depend partly on how clearly FGSCAA communicates its purpose, achievements and value of participation.

• Health Insurance

  The Chairman raised the possibility of developing a health-insurance arrangement for members. Joseph Eyop suggested that the Association examine alternative providers and options, particularly in light of the perceived cost of AXA Mansard. The matter remained under consideration.

• Meeting Time Review

  Members revisited the trial 2:00 PM commencement time. No permanent change was adopted at the meeting.

• Forward Project Direction

  The Chairman encouraged the Association to undertake another meaningful project before the end of the 2025/2026 financial year in June 2026.