January 2026 Virtual General Meeting

The meeting was called to order by the Chairman of the Board of Trustees, Gerald Azonobo.

The opening prayer was said by Prince Gogo Chidiebere.

The Chairman welcomed members into the new year and thanked those who had continued to support the Association and its activities.

Members reviewed the Association’s financial report for the first half of the 2025/2026 financial year, covering the period beginning 1 July 2025.

The report was circulated to members for review, observations and corrections before being adopted as a working financial document.

Detailed financial statements remain controlled Association records and are not reproduced on the public website.

The meeting reviewed the financial close-out of the 2025 Homecoming Reunion Weekend.

Raised during planning

₦11,079,000

Paid toward programme costs

₦13,567,740

Outstanding to vendors

₦815,000

Members were informed that ₦11,079,000 had been raised during planning, while ₦13,567,740 had been paid out toward programme costs.

An additional ₦815,000 remained outstanding to vendors at the time of the meeting.

The BOT Chairman explained that additional personal support had been provided to bridge part of the gap between funds raised and expenditure paid.

Members were encouraged to support settlement of the outstanding vendor liabilities.

The ₦815,000 vendor liability was not settled at this meeting.

The Chairman informed members that additional souvenir packs had been obtained for members who had paid for the Homecoming programme but were unable to attend.

Distribution was expected at the next physical General Meeting in February 2026.

The BOT informed members that chairpersonship of the Association’s standing committees would be transferred to non-BOT members to broaden leadership participation and allow the Board to focus more closely on institutional oversight and day-to-day administration.

• Welfare CommitteeHonesty Tessy
• Finance CommitteeMarian Obafemi
• Social CommitteeYussuf Ibrahim
• Project CommitteeAderonke Okunleye
• Career & Business Development CommitteeAbodunde Ajibola
• Membership, Reclamation & Retention CommitteeOluwagbemiga Oladiran

The Chairman reiterated the importance of participation in both physical and virtual General Meetings.

Discussion reinforced the Association’s view that active membership involves more than payment of annual dues and includes regular engagement in meetings and institutional activities.

A motion was carried that, moving forward, certain discretionary member privileges or benefits should first recognise members who participated regularly in meetings, whether physically or virtually.

Hassan Yussuf, Chairman of the Agro-Investment Ad Hoc Committee, updated the meeting on preliminary farmland enquiries.

He reported indicative family-land offers of approximately ₦600,000 and ₦700,000 per plot, subject to further verification.

The Committee was directed to provide more concrete findings on suitable farmland, proposed agricultural products and possible management arrangements.

No land acquisition was approved at the meeting.

Members seeking employment opportunities were invited to submit their CVs to the Chairman of the Career & Business Development Committee for appropriate follow-up.

The discussion reflected the Association’s continuing interest in practical career and business support for members.

The meeting also referenced existing member-support arrangements, including access to approved loan facilities subject to FGSCAA’s internal eligibility, surety, collateral and repayment requirements.

Members reviewed thrift administration and agreed adjustments to the applicable payment-charge structure.

Members were also informed that a historical thrift financial report covering 2019–2025 would be presented at a subsequent meeting.

The Chairman raised the possibility of organising a future member excursion within Nigeria or elsewhere in Africa.

The idea remained preliminary and was to be developed further later in the year.

This was an idea for future development, not an approved or scheduled programme.

• Financial Review

  The 2025/2026 half-year financial report was reviewed and adopted as a working document.

• Homecoming Close-Out

  An outstanding vendor liability of ₦815,000 remained after the 2025 Homecoming programme.

• Committee Leadership

  Standing committee chairpersonship was transitioned to non-BOT members to broaden participation.

• Agro-Investment

  Farmland research continued, with preliminary plot prices reported but no purchase approved.