BASORUN ADEBOLA O. OROLUGBAGBE

BASORUN ADEBOLA O. OROLUGBAGBE

BASORUN ADEBOLA O. OROLUGBAGBE

Basorun Orolugbagbe, the Basorun Odole of Ayede Kingdom, Ekiti, holds a Bachelor of Arts degree in History/Political Science from the University of Ibadan, Nigeria (1985) and studied for a Master’s Degree in Public Administration from the University of Abuja, Nigeria. In addition obtained a professional qualification in Real Estate Mortgage, Finance and Lending from Lumbleau College, UCLA Campus, USA which qualified him to work with mortgage financial Institutions as a professional mortgage lender. He is presently working on a PhD. programme in Co-operatives in a UK university.

Bashorun Orolugbagbe’s work experience and business interests over the years spans several industries between Nigeria and the USA. These include the real estate, automobile trading, ICT as well as produce marketing which increased his passion in micro financing and cooperatives to fill the void that he saw existed in the ever increasing demand in the micro financial services sector of the economy which led to the establishment of a Financial Services Company by the name, The Fundgrow Company Ltd. in July 2008, where he became the pioneer CEO and in September 2008, Ib. (Oluyole) Fundgrow Co-operative Investment & Credit Society was established.

In 2010, he led Fundgrow CICS to team up with other SACCOs of like minds to establish CoopXchange Investment Trust & Credit Union Ltd., a secondary savings and credit investment co-operative society where he invested a sum of $1 million in the Union’s Investment Trust Fund in March 2012. The Credit Union became licensed to officially commence operations to offer Front Office Service Activities (Co-operative Banking) to its members in six (6) states of the federation namely Lagos, Oyo, Ogun, Ondo, Osun and Ekiti from its present Head Office location in Ibadan, Oyo State.
As a consummate co-operator, on September 13, 2012, he was elected as the President /Chairman Board of Directors of the National Association of Co-operative Credit Unions of Nigeria (NACCUN) Ltd., now known as the National Co-operative Financing Agency of Nigeria (CFAN), representing his home state of Osun on the national apex Board. He was re-elected to the same position in August 2015 for another term of four (4) years. Presently, the office of the Federal Director of Co-operatives has just given an approval-in-principle to the official request of the apex body to rebrand to enable it operate as a co-operative financial institution for the over sixty (60) million members nationwide with the hope of establishing their own National Co-operative Bank in the near future.