Gold Link Multipurpose Cooperative Society Held 7th AGM in Warri

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This is what happened on Saturday at No. 106 Enerhen Road, Effurun, Warri as Gold Link Multipurpose Cooperative Society, owners of New Golden Pastures Micro Finance Bank Limited, held their 7^th Annual General Meeting to present a review of their performance in the financial year ended 31^st December 2012.  

Uche Mojekwu - Auditor

The President, Mr. Christopher Osemene, in his presentation said that Gold Link Multipurpose Cooperative Society started in July 2005 with 20 members and has today grown to about 70 active members.  He said further that the cooperative consistent performance all through the years has made Gold Link Multipurpose Cooperative  Society a high flyer in terms of its income and balance sheet growth.  Mr. Osemene said that their balance sheet grew from N24m in 2011 to N27.5m in 2012. While income for the period grew from N2.7m to N3.3m representing a 22% increase from the previous year.

The President further hinted that Nigeria Deposit Insurance Corporation (NDIC) successfully carried out its first Audit on their bank, New Golden Pastures Micro Finance Bank located at Warri/Sapele Road by 1st Marine Gate junction, Warri. And that Central Bank of Nigeria (CBN) has at its maiden examination given the bank a Standard rating.