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The Real Estate Cashback Housing Cooperative Society (RECB) has reaffirmed its dedication to expanding property ownership and enhancing financial empowerment for its members at its 2025 Annual General Meeting (AGM) held recently.
The event, which brought together cooperative members, board executives and stakeholders, served as a platform to assess RECB’s performance over the past year, celebrate milestones and outline future plans.
In his opening address, RECB President, Dr. Oluwatosin Olatujoye, expressed appreciation for the loyalty and active participation of members, stating that their collective belief in the cooperative’s vision remains its greatest strength.
“Our progress is driven by your commitment. We have seen significant strides in growing our membership, executing profitable real estate investments, ensuring timely profit sharing and launching welfare initiatives that ease financial pressure on members,” he said.
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A major highlight of the AGM was the presentation of the 2024 performance report, which detailed RECB’s growing presence in Lagos, Ogun and Abuja. The report noted increases in member savings, timely delivery of housing projects and steady expansion into new regions.
RECB Treasurer, Mr. Wasiu Sonekan, provided a financial overview, emphasising transparency and prudent management. “Our investments are producing visible results. We’re not just delivering financial returns; we’re creating real value through homes and opportunities,” he said.
The AGM also featured testimonials from members, including Mr. Joel Ayeni, who highlighted the cooperative’s impact on individual lives. He recounted the case of a mother who used her cooperative dividends to fund her children’s university education, and a nurse based in Canada who was able to clear her mortgage using returns from her RECB membership.
“These stories are more than statistics; they reflect the life-changing support RECB offers, backed by consistency, transparency and genuine care for its members,” Ayeni said.
