EMEKE ANENE GONE TOO SOON!

Dear Beloved Classmates,

We the BOT and entire members of Pescunna 1990 regret to announce the demise and untimely passing away of our colleague, friend and brother Dr. Chukwuemeka Anene whose call to glory occurred on Tuesday 4th August, 2015. He is survived by his wife and children. Service of Songs will be held on 20th August, 2015, at Heritage Assembly, Nitel Road Off Sapele Road, Benin City. His body will be finally laid to rest on 21st August, 2015, at No.1 Obi Anene Crescent, Ubulu Uku, Aniocha LGA, Delta State. Those who can make it are encouraged to attend the funeral service and interment as a mark of respect and love for our fallen colleague.

Thank You.

For: PESCUNNA BOT

ANNOUNCEMENT: RE - OKOKON EDET NKPOSONG (RIP)

The death has been announced of Okokon Edet Nkposong. He passed on Monday 4^th May 2015 in Abuja after a brief illness. Burial arrangements will be as announced by the family. May his gentle soul rest in the bosom of the Lord while we keep the family he left behind in our prayers.

As part of our efforts towards supporting the family he has left behind, we are presently undergoing a massive financial drive to raise money to send to his family in order to cushion whatever expenses they may have borne in the course of this burial and grant some reprieve to the loss of their bread winner. Therefore, we encourage each person to contribute a minimum of N25,000/ GBP100 and above towards this gesture. Pay through the accounts of Christabel (NGN), Hector (USD) and Onyeka (GBP).

We pray we won’t have to bury our own again in his or her prime and we will live a fulfilled life and see our grand children’s children. Kindly send in your token as soon as possible in order for us to collate and remit the funds. God bless you as you do so. 

Thank You.

RE: PESCUNNA 1990 PLANS FOR 2015

Dear Fedgocolians (Set of 90), We the members of the BOT of PESCUNNA 1990 held a meeting on 2nd January, 2015 (via skype) and the following issues were deliberated on:

1. School Project

2. Business Idea to Sustain Funds

3. Welfare

4. Registration

We intend to award N100,000 as an academic grant to the top two students in the graduating JSS3 class at N50,000 each at the start of the school year in September. As the group matures and fund increases we may add two more students to increase the grant to N200,000 per year.

We also deliberated on various investments to sustain and increase funds generated and agreed on risk free Treasury Bills or Fixed Deposits (in Nigeria) with expectation that the returns will lie between 10 - 14 % yield per annum. The end game of this investment vehicle is to be able to fund the scholarship to the students yearly and also the funds we will allocate to provide financial assistance to members of our set. For example, if our yearly outlay is =N=500,000 (=N=100,000 for the grant and =N=400,000 for financial assistance to members), we will strive to raise =N=5M so that the interest from the investment will sustain our yearly outlay.

On welfare, a document was prepared by the trustees and would be sent to everyone shortly.

Registration of PESCUNNA is still on going.

Source of Funds:

The group set a target to collect the 2015 yearly dues (of N24,000 at N2,000 per month) from at least 50 members by the end of March in order to approach the school and inform them of the academic grant we intend to award by April. If we hit this target we will have =N=1.2M. We will take =N=100,000 for the grant and the rest will be put towards the investment account. 

On the investment account we will strive to raise N5m so that the interest from the investment will be enough to cater for the academic grant and financial assistance to members.

We also want to encourage all members to contribute above their annual dues and also to pay the outstanding dues of 2014 (from September to December) as initially mandated by the BOT.

All Naira payments should be made to Christabel's account pending PESCUNNA's registration and accounts being opened. 

The account details are: 

Bank Name: Ecobank, Account Number: 0081027063, Account Name: Bello, Edore Christabel. 

Dollar and other foreign currency payments can be made through Hector's account.

Regards,

:For Pescunna BOT

PESCUNNA Welfare Document

Citation

1. This Welfare Document may be cited as PESCUNNA Welfare Document 2015.

2. Beneficiaries of PESCUNNA Welfare Document will be all registered members of PESCUNNA (Membership as defined in PESCUNNA constitution, Article 5).

 

Interpretation

3.    PESCUNNA dues runs from January to December (N2,000 per month) and payments are made in quarterly, biannually or annually stages. For the purpose of this document, dues payment commenced in September 2014.

4.    Automatic Rights to claim – This applies to a member who’s dues is up to date (Not owing more than a quarter) at the time of claim and not in breach of any membership terms as stated in PESCUNNA constitution.

5.    Committee of friends – This is a discretion that can be exercised by the group even where a member fails any qualifying criteria / members responsibility. The exco or welfare committee may initiativethis collection.

6.    Foreseen circumstances – for the purpose of the Welfare benefits amounts to events like a members marriage or child birth.

7.    Unforeseen event – for the purpose of this document amounts to bereavement or unforeseen events that may place particular burden on a member at short notice. 

Foreseen Circumstances

On the occasion of the birth of a member’s child, such a member must notify the house formally. The welfare committee will be required to liaise with the member with a view to making entitled payments. The sum of N25,000 and a card will be presented to the member’s family. Committee of friend’s gifts may also be presented in addition to the cash payment.

In case of multiple births, the above cash gifts will increase according to the number of babies born.

On the occasion of a member’s marriage and upon invitation, the sum of N50,000 and a card will be given to that member and a committee of friends contribution from the house.

Unforeseen Circumstances

On the death of a member, the welfare committee will make contact with the family and update the house as to the family’s wishes for how the matter would be dealt with.

On recommendations received from the welfare committee the house(selected members) will pay the family a condolence visit.

Apart from welfare amounts listed below, the exec and welfare committee will lead a voluntary “committee of friends” collection of cash which will also be presented to the family.

On the occasion of the death of;

·         Member                                            N500,000.00

·         Death of wife                                   N100,000.00

·         Death of a child                               N50,000.00

·         Death of mother/father                   N50,000.00

PESCUNNA foundation may also provide soft loans to eligible members. The loan amount will be discussed and agreed by the general house.

Payments & Eligibility

·         All payments will be made in Naira and paid into a bank account for audit trail purposes. 

·         Payments will be made into a bank account choice of the beneficiary.

·         Where funds in PESCUNNA account are insufficient to meet entitled payments a quick collection may be made to raise the desired amount.

·         Where a member is ineligible for payment from PESCUNNA, committee of friends may still organise a collection at their discretion.