BENIN CITY – A vote of implicit confidence was yesterday passed  on the leadership of the Bendel Newspapers Company Limited (BNCL) Multipurpose Co-operative Society at its 2014 Annual General Meeting (AGM), held at the company’s premises on  Airport Road, Benin City.
This followed the excellent performance of the co-operative society in the year under review.
According to its 2014 audited report, the co-operative posted a gross income of N3,361,246 as against the N2,725,589 in the preceding year.
The society also recorded a net asset of N27,330,575 as against its performance of N21,691,782 in 2013.
Apart from its financial performance, the co-operative acquired over 20 plots of land which were allotted to members in the year under review, a prospect which has made most of the co-operatives potential landlords and landladies.
In her speech, President of the BNCL – MPCS, Mrs. Marvelous Imoisili attributed the success recorded in the year under review to prayers, teamwork by the members of the management committee as well as the support of the company’s management team.
Mrs. Imoisili noted that though progress was made in the year under review, much is yet to be achieved in the years ahead.
She, therefore enjoined the co-operators to increase their share capital which would ultimately transcend to increased dividend and future financial assurance.
She announced that for the first time since the inception of the BNCL-MPCS in 2007, interested co-operators would be paid their dividends for as against the tradition of ploughing it back into business.
Highpoint of the AGM was the presentation of gifts to some lucky members who emerged after “Lucky Deep”.