On Monday, October 8, 2018, the Board of Trustees of the Senior Staff Contributory Welfare Scheme, led by the Chairman, Mr. Balogun Fatai, paid a courtesy visit to the Vice Chancellor to present the 2017 Share of Surplus to the Endowment fund of the University.
The Senior Staff Contributory Welfare Scheme, formerly known as SSANU Welfare Contributory Scheme, commenced operation in September 2005, with the primary aim of providing opportunities to members of staff to save towards retirement. Members of the Scheme also enjoy about 80% of savings on 8% interest payable within 24 months, equipment loan of up to N500,000 payable within 15 months, purchase of household items through the Scheme and declaration of dividend from the annual surplus.
The Chairman, introduced the BoT members, stated some of the achievements recorded by the current Board, including the formal registration of the Scheme in 2017, the investment of N96 million in short term deposit and treasury bill, declaration of surplus, donation to the needy and its contribution to the University Endowment Fund.
Requests made by the Scheme include:
- The involvement of the University Management in the protection of the Scheme
- Provision of conducive office space.
He also extended an invitation to the Principal Officer to join the Scheme.
The visit ended with a group photograph.