Accountability: FILSU President, As-Saheed, Publishes First Quarter’s Financial Position of the Union

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Accountability: FILSU President, As-Saheed, Publishes First Quarter's Financial Position of the Union

The 2021 administration of the Federation of Iwoland Students’ Union (FILSU) led by Adepoju Saheed (As-Saheed) has published the first quarter of the year 2021 financial position of the union.

The 2021 leadership of the union has vowed to be accountable and transparent in all its activities. In lieu of this, Adepoju Saheed (As-Saheed) presented the Income and Expenditure accounts of the union in the first three months of 2021.

The income and expenditure analysis detailed the income generated or funds raised from individuals and expenses incurred on different activities.

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A sum of N126,000 was the income generated for the union in the first quarter of the year 2021. Income was generated from money received from a donation from Oluwo of Iwoland, courtesy visitation to eminent Iwo sons and daughters, Osun Food Scheme support, school fee intervention funds, health talk events, IBEDC intervention funds and shop rent fees.

Also, a total sum of N124,800 was expended in the first quarter of the year 2021 by the administration of Adepoju Saheed (As-Saheed). Among activities the union expended on are; transport fares, refreshments, printings, photocopies, stationeries, programme awareness, health talk programme and student school fee intervention.

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INCOME N126,000
EXPENDITURE (N124,800)
SURPLUS N1,200

 

The opening balance as at beginning of the second quarter of 2021 is N1,200 which is the excess of income over expenditure.

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It is expected of any leader to be transparent. No doubt, transparency promotes accountability and provides information for citizens about what their leader is doing. We laud the administration of Adepoju Saheed (As-Saheed) for publishing the financial position. This will motivate individuals who donate to the union. Also, it will embolden trust from the students to the leaders of the union.

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As the popular saying goes; “soldiers go, soldiers come barrack no dey go anywhere”. It could be recalled that the executive leadership of FILSU 2020 led by president Akinkunmi Iromini left a footprint as they bow out of office. On January 10, 2021 Senator Iromini handed over the Baton of power to Adepoju Saheed (As-Saheed).

Let’s go down memory lane to see the remarkable achievements of Akinkunmi Iromini as the National FILSU President 2020.

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