Real Estate Cashback Housing Cooperative Society (RECB) has said that it remained committed to enhancing the financial well-being and access to property ownership of Nigerians through a member-driven approach.
The Cooperative Society also said it would continue to chart a path into the future and would remain devoted to financing not just structures, but security, stability, and shared prosperity for every member.
Speaking at the 2025 Annual General Meeting (AGM), held recently, Oluwatosin Olatujoye, president of Real Estate Cashback Housing Cooperative Society, said the mission of the body includes growing membership numbers, collaborative investments in real estate, timely profit sharing, and the rollout of new welfare initiatives to ease financial burdens for members.
Olatujoye also said that the meeting provided a strategic platform to review the cooperative’s notable milestones over the past year, and commended the loyalty and participation of the cooperative’s members.
“Our greatest strength is our collective belief in the vision. It is your commitment that continues to drive the progress we celebrate today,” he said.
Wasiu Sonekan, treasurer of RECB, in his address reaffirmed the cooperative’s financial integrity, emphasising its prudent resource management and transparency.
“Our investments are producing visible results. We are not just delivering returns, we are delivering homes and opportunities. Every kobo has been purposefully allocated to build lasting value,” Sonekan said.
He further said that as RECB charts its path into the future, it remains devoted to financing not just structures, but security, stability, and shared prosperity for every member.
“In its journey ahead, RECB continues to serve as a shining example of the power of cooperative finance, driven by trust, fueled by unity, and sustained by purpose, one person, one property, and one progress story at a time,” he said.
On his part, Joel Ayeni, a long-standing member of the cooperative society, while providing an experiential approach to the impact of the cooperative, said that what sets this community apart is the consistency, transparency, and genuine support.
He further shared testimonial of people who have experienced life-changing benefits, including a mother who used her cooperative earnings to send two children to university, and that of a Canadian-based nurse who paid off her mortgage using dividends from the cooperative.
“These stories are proof that RECB is transforming lives,” Ayeni added.
A key highlight of the session was the presentation of the performance report, which showcased RECB’s expanding real estate footprint across Lagos, Ogun, and Abuja. The report indicated an uptick in member savings, timely delivery of development projects, and steady progress in regional outreach, cementing the cooperative’s relevance in Nigeria’s evolving real estate sector.
