GOVERNANCE
Leadership, accountability and cooperative structure
IMC is led by its Founder/President and Secretary, supported by general officials, the Financial Recovery Committee and a coordinator network across zones, states and branches.
LEADERSHIP
Founder / President and Secretary
FOUNDER / PRESIDENT
Mallam Toheeb Quozeem Olayinka
Founder and President of Itelorun Muslim Cooperative (IMC), leading the cooperative's non-interest mission across Nigeria and the diaspora under the principle "RIBA MUST GO."
Full biography: Information to be updated by IMC Administration.
Mallam Alli Sulaimon
General Secretary
Biography: Information to be updated by IMC Administration.
IMC currently has no Treasurer.
BOARD
General officials
Mrs Yetunde Adejare
General Auditor
Biography: Information to be updated by IMC Administration.
Mrs Folashade Abeke
General Investment Management / Investment Committee Chairman
Biography: Information to be updated by IMC Administration.
Mr Samson Oladokun
General ICET Chairman
Biography: Information to be updated by IMC Administration.
Mallam Sideeq Babalola
General PRO
Biography: Information to be updated by IMC Administration.
Mr Bello Ganiyu OLADELE
FRC Chairman — Financial Recovery Committee
Biography: Information to be updated by IMC Administration.
DEPARTMENTS
Committees and offices
FRC
Financial Recovery Committee
Mr Bello Ganiyu OLADELE — FRC Chairman
ICET
Itelorun Community Engagement Team
Mr Samson Oladokun — General ICET Chairman
AUDIT
Accountability & Audit
Mrs Yetunde Adejare — General Auditor
PRO
Public Relations Office
Mallam Sideeq Babalola — General PRO
INVESTMENT
Itelorun Investment Committee
Mrs Folashade Abeke — General Investment Management / Investment Committee Chairman
SECRETARIAT
General Secretariat
Mallam Alli Sulaimon — General Secretary
View leadership titles, branch committee roles and meetings →
NETWORK
Coordinators
FRC
Financial Recovery Committee
Chairman: Mr Bello Ganiyu OLADELE.
The Constitution provides that the Association reserves the right to prosecute any person who refuses to return funds to the Association after being served with a summons by the FRC, and that the person shall pay all expenses used by the FRC in accordance with the law.
All recovery activities must operate according to the IMC Constitution, approved procedures and applicable law.
ACCOUNTABILITY
Accountability & audit
- The society audits branch accounts after six months.
- A branch executive who does not pass the audit after six months is removed and replaced immediately.
- A branch executive who passes the audit receives a certificate of merit from the society.
- The society has the power to remove any branch executive or member found guilty of atrocities.
- The procedure for the six-month anniversary is rolled out by the society.
Read the full auditing provisions in the Constitution →
Audit records, audit status and issued certificates: Information to be updated by IMC Administration.
STRUCTURE
Branch structure
The Constitution provides that each branch should not have more than 30 members; where a branch exceeds this, it is divided into two. Branch records are maintained by IMC Administration.
Branch directory: Information to be updated by IMC Administration.