In a bid to stem the tide of the wavering economic hardship, as well as high cost of housing in NIgeria, a cooperative society, Kendee Multipurpose Cooperative Society Ltd., has offered Nigerians who wish to acquire properties in Abuja, a secure and smart way to save money.
The cooperative society proposed an annual flexible saving plan of a minimum of ₦20,000 with a 20 percent interest earning, to help Nigerians to own houses or lands in Abuja.
Speaking with journalists over the weekend in Abuja, the founder and CEO of the cooperative, Andrew Ogaga, disclosed that the Cooperative currently has over 400 active savers, as it has established its dominance in the Federal Capital Territory (FCT).
Ogaga, who is also a Tech expert, assured prospective members of the safety of their funds, as the cooperative society is licensed, regulated and every contribution is backed by a signed legal/member agreement; “your stake, return, and exit conditions are all in writing.”
Speaking further, Ogaga added that the cooperative, which officially launched on February 14, 2026, started with a pilot phase from January 2025 to January 2026 and advised on visiting the Kendee site.
He said: “Kendee is a cooperative society that helps people to come together and save for a particular purpose; either to buy a house, land or even withdraw. We have been licensed to do savings in the city of Abuja. The cooperative operates online at Kendee.co.
“People often think they need significant funds to own properties in Abuja. With Kendee you can own your own home or land without breaking the bank; with as low as N20,000. Home or land ownership shouldn’t only be for the rich.”
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