Yoruba Community in Kano State have completed plans to establish Community based Cooperative Society Bank to enable members of the community have access to soft financial loans to run their businesses in the state.
Inaugurating the committee put in place to draft the modus operandi of the community based financial institution, the President of the Yoruba Community in Kano, Alhaji Abdulateef Faisu said the idea behind the floating of the cooperative bank was to ensure that members especially those operating private businesses and traders have access to raise fund to finance their businesses.
In a statement signed by the Publicity Chairman of the Yoruba Community Kano, Sunday Alu and made available to PRIME TIME NEWS on Wednesday , said President Faisu assured that only members that make contribution into the cooperative society bank would be the beneficiaries of the loans that would be granted to members when the cooperative bank commence operation.
He therefore enjoined all members of the community to fully participate in the project which he said would be of immense benefit to all the members adding that a member from each eight Yoruba states that constituted the Yoruba Community in the state were nominated to constitute the committee that is expected to draft the constitution that would provide the frameworks, laws and guidelines under which the cooperative bank would be operated.
In the same vein, the leaders of the Yoruba Community in Kano have single handedly distributed some consumable commodities worth over seven hundred thousand naira (N700,000.00) to the poorest of the poor in the community as palliative measures to reduce hunger within the community
Faisu who said the measure which he assured would be continuous, was taken to compliment the commodities distributed by the Kano State government to the entire Yoruba community in the state stressing that the distribution of palliative to the people can not be left in the hands of the government alone.
He therefore on behalf of the entire Yoruba community in the state expressed gratitude to governor Abdullahi Umar Ganduje for recognising and taking care of the yoruba community in the state.
The commodities that were distributed to the people include bags of rice, vegetable oil, cartons of milk, salt, spaghetti , bags of wheat, semovita and beans among others.