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Baptist Golden Life Forever, · BMC Saki

Save together. Borrow with ease. Build a golden future.

Baptist Golden Life Forever (BGLF) Cooperative Society helps staff of Baptist Medical Centre (BMC), Saki grow through disciplined savings, low-interest loans, and property investment — built on trust, transparency, and shared prosperity.

305Active Members
₦62M+Loans Disbursed
17 yrsServing BMC Staff
Cooperative LedgerFY 2025/26
305Members
₦62MLoans Disbursed
₦460MSavings Portfolio
36Properties Managed
What we offer

One cooperative, four ways to grow

Every product is designed around how our members actually earn and save in Saki — flexible, transparent, and built for real life.

Loan Services

Low-interest personal, business, and emergency loans with flexible repayment terms for members in good standing.

View loan products →

Savings Scheme

Daily, weekly, and monthly contribution plans that grow steadily with competitive interest and full visibility.

Explore savings plans →

Property Investment

Subscribe to land and property schemes around Saki and BMC, with clear allocation and ownership tracking.

See available property →

Staff Marketplace

Member-to-member trade and bulk-purchase support for household provisions, back-to-school essentials, and small business supplies.

Learn more →
Why members stay

Built on trust, run with discipline

01

Low-interest loans, real repayment plans

Our loan terms are set with our members' income realities in mind, not generic bank formulas.

02

Flexible savings, your pace

Save daily from your shop, weekly from your trade, or monthly from your salary — the choice is yours.

03

A real path to property ownership

Structured property subscription plans that turn steady contributions into land and home ownership.

04

A community that looks out for you

Beyond finance, BGLF is a network of members supporting each other's growth across Saki and BMC.

In their words

Members building their golden life

"BGLF gave me a loan to renovate my family home when no bank would. The repayment plan actually matched my BMC salary schedule."

A
Adunni O.Nursing Staff, Member since 2019

"I started with the monthly savings plan straight from my salary. Three years later, I subscribed to a property plot through the cooperative."

T
Tunde A.Laboratory Scientist, Member since 2021

"Every statement is clear, every contribution is tracked. I trust BGLF with my family's future."

F
Funke B.Administrative Staff, Member since 2017
Latest from BGLF

News & announcements

AGM
12 JUL 2026

Notice of 2026 Annual General Meeting

All members are invited to the AGM at the BGLF Secretariat, BMC Saki. Agenda includes dividend declaration.

Property
02 JUL 2026

New land subscription window opens at Oke-Ogun Estate

A fresh allocation of plots is now open for subscription by registered members in good standing.

Loans
24 JUN 2026

Reduced interest rate on emergency loans this quarter

To support staff ahead of the new school term, emergency loan rates are temporarily reduced.

Ready to start your cooperative journey?

Registration takes less than 10 minutes. Bring a valid ID and your first contribution.

Join BGLF Today
About BGLF

A saving scheme built by BMC, for BMC Staffs...

Our story

At its end-of-year staff meeting in 2008, the General Staff of Baptist Medical Centre, Saki observed something troubling: many of their retired colleagues struggled to access their pension or gratuity, leaving them with little to fall back on after years of service.

That concern led to action. On 6 January 2009, the General Staff resolved to establish a dedicated retirement savings scheme — Baptist Golden Life Forever (BGLF) — built to give every worker a more secure path into retirement. The scheme was structured around a 10% contribution from each worker's gross pay, with a management committee set up to oversee it under the supervision of the Chief Medical Director.

Membership was made a condition of employment: every staff member of Baptist Medical Centre, Saki would contribute to the scheme, ensuring no one was left behind.

Vision & Mission

Vision: To be the most trusted retirement savings scheme for Baptist Medical Centre staff, ensuring no worker ever faces retirement without financial security.

Mission: To build disciplined savings habits, provide fair and accessible credit, and give every member a dignified, well-supported transition into retirement.

Governance

BGLF is governed by an elected Board of Trustees and managed day-to-day by an executive committee accountable to the General Assembly at our Annual General Meeting.

Leadership Team

President, Vice President, General Secretary, Financial Secretary, Treasurer, and Internal Auditor — elected every 3 years by member vote.

Registration & Compliance

BGLF operates under the Cooperative Societies guidelines applicable in Oyo State, with audited annual financial statements presented at every AGM.

Documents

Governance & reports

By-Laws

The full constitution governing membership and operations.

Download →

2025 Annual Report

Full year financial performance and member statistics.

Download →

Board Charter

Roles, responsibilities, and term limits of the Board.

Download →

AGM Minutes

Minutes from the most recent General Meeting.

Download →
Scheme Rules

Membership & loan guidelines

Key provisions governing contributions, loan access, guarantorship, and repayment under the BGLF scheme.

01

No withdrawal of contributed capital except on resignation, retirement, or death.

02

Loans are guaranteed to leave every worker with no less than 25% of gross monthly pay.

03

Loans run at prevailing rates across four short-term options: 6, 12, 18, or 24 months.

04

Eligible loan amount is twice total contributions, subject to retaining 25% of gross salary monthly.

05

Loans become accessible only after 6 months of active contribution.

06

At least three member-guarantors are required, each able to offset the loan on default.

07

Current BGLF bankers are First Bank Plc and Zenith Bank Plc.

08

Banking partners are not permanent and may change based on negotiated terms.

09

Long-term loans may be restarted mid-term; any balance is offset against the new loan.

10

BGLF may engage in other profitable ventures to generate additional scheme income.

Leadership

Executive members & their message

Elected by the General Assembly to serve every member with transparency and care.

President
OS

Dr. O.S Adekanye

President, BGLF

"BGLF was built on one promise — that no member walks alone through life's financial seasons. That promise still guides every decision we make."

General Secretary
MA

Mr. M.A Adetayo

General Secretary

"Transparency is not a slogan for us — it's why every kobo contributed is tracked, reported, and accounted for at every AGM."

Financial Secretary
JO

Mr. J. Onifade

Financial Secretary

"I see, first-hand, what disciplined saving does for a family. It's why I take every member's record as seriously as my own."

Services

Everything your finances need, in one cooperative

Loan Services

Personal, business, education, and emergency loans with member-friendly rates.

View loans →

Savings Scheme

Daily, weekly, and monthly contribution plans with steady interest growth.

View savings →

Property Management

Land and housing investment with transparent allocation tracking.

View property →
📊

Investment Plans

Fixed-term cooperative investment plans with predictable returns.

Ask us →

Member Benefits

Dividends, welfare support, and member-only marketplace access.

Become a member →
💬

Financial Advisory

One-on-one guidance on savings goals, loan planning, and investment choices.

Book a session →
Loan Services

Loans that work around your life

Personal Loan

Up to ₦500,000 · 1.5% monthly · 12 months max

Business Loan

Up to ₦2,000,000 · 1.8% monthly · 24 months max

Education Loan

Up to ₦300,000 · 1% monthly · 9 months max

Emergency Loan

Up to ₦150,000 · 1.2% monthly · 6 months max

Eligibility

Who can apply

Requirements

Open to staff of Baptist Medical Centre (BMC), Saki only. Active membership for 3+ months, minimum savings balance, two guarantors who are also members, and valid means of identification.

Loan Calculator

Estimated monthly repayment: ₦19,167

Savings Scheme

Small, steady contributions. Big results.

Daily Contribution

From ₦500/day · ideal for staff on daily-paid arrangements · 4% annual interest

Weekly Contribution

From ₦2,000/week · 4.5% annual interest

Monthly Contribution

From ₦10,000/month · 5% annual interest · for salary earners

Target Savings

Set a goal (school fees, rent, festive season) and save toward it with reminders.

Property Investment

A real path to land and home ownership

Available now

Property listings

Oke-Ogun Estate, Saki

Residential plots · 50x100ft · from ₦1.2M, payable over 18 months

Open for subscription

BMC Layout Phase 2

Mixed-use plots · 60x120ft · from ₦1.8M, payable over 24 months

Allocation in progress

Ago-Are Farm Land

Agricultural land · 1 acre · from ₦600,000

Open for subscription

Saki Central Commercial Plots

Commercial plots · 40x80ft · from ₦2.5M

Open for subscription
News & Publications

Updates from your cooperative

AGM
12 JUL 2026

Notice of 2026 Annual General Meeting

All members invited to the AGM at BGLF Secretariat, BMC Saki.

Property
02 JUL 2026

New land subscription window at Oke-Ogun Estate

Fresh plot allocation now open for members in good standing.

Loans
24 JUN 2026

Reduced rate on emergency loans this quarter

Supporting staff ahead of the new school term.

Circular
10 JUN 2026

Updated guarantor requirements for loans above ₦500,000

Effective from next quarter, two guarantors required.

Event
29 MAY 2026

Free financial literacy workshop, BMC Auditorium

Open to all staff and prospective members.

Dividend
15 MAY 2026

2025 dividend payout schedule released

Dividends to be credited to member accounts from June 1st.

Gallery

Moments from BGLF events

Highlights from our AGMs, workshops, and member gatherings across Saki and BMC. Hover to pause.

Downloads Center

Forms & documents

Membership Form

PDF · 240KB

Download →

Loan Application Form

PDF · 180KB

Download →

Cooperative By-Laws

PDF · 1.1MB

Download →

2025 Annual Report

PDF · 3.4MB

Download →

Financial Statements

PDF · 980KB

Download →

AGM Minutes 2025

PDF · 410KB

Download →
Contact Us

We're here in BMC Saki, ready to help

Send us a message

BGLF Secretariat

BMC Road, Saki, Oyo State, Nigeria

Phone

+234 803 000 0000

Email

info@bglfcooperative.org

Office Hours

Monday – Friday, 8:00am – 4:00pm

Membership

Start your cooperative journey

Membership Registration

Open to staff of Baptist Medical Centre (BMC), Saki only. Takes about 10 minutes. You'll need a valid ID.

Already a member? Log in here
Demo login — enter anything and click "Log In" to preview the member dashboard.

Member Login

Access your savings, loans, and investment dashboard.

New here? Join BGLF

Welcome back, Adunni

Here's what's happening with your account today.

Apply for Loan
Total Savings
₦842,300
↑ 4.2% this month
Active Loan Balance
₦120,000
Next due 28 Jun
Investment Portfolio
₦1.2M
1 property, 2 plots
Membership Status
Active · Tier 2
In good standing

Recent Transactions

Monthly Savings Contribution
15 Jun 2026
+₦10,000
Loan Repayment
10 Jun 2026
₦10,800
Property Plan Subscription
02 Jun 2026
+₦50,000
Dividend Credit
+₦22,400

Notifications

Your loan repayment of ₦10,800 is due on 28 Jun 2026.
AGM notice: 12 Jul 2026 at BGLF Secretariat.
Your 2025 dividend statement is ready to download.