29, January 2026
Learn To Know
About Us
Lagos Medical Cooperative Multipurpose Society Limited is a registered cooperative society established in 2015 and based at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos.
The Society is made up primarily of medical professionals, including house officers, resident doctors, and medical officers, united by a common goal of promoting financial stability and mutual support among members.
We operate as a member-driven organization committed to improving the economic well-being of our members through structured savings, access to loans, and strategic investments.
Vision
Our AspirationTo be a leading cooperative society that empowers medical professionals through sustainable financial solutions, innovation, and collective prosperity.
Mission
Our Actionable FocusTo promote the financial growth and economic stability of our members by providing accessible financial services, encouraging a strong savings culture, and supporting responsible investment opportunities.
Aim & Objectives
Our SMART Intents- Strengthen the economic capacity of members
- Promote financial growth and long-term stability
- Provide accessible loan facilities to members
- Encourage regular savings and financial discipline
- Engage in real estate and housing development projects
- Facilitate the acquisition and distribution of land to members at minimal interest
- Supply consumer and producer goods to members at affordable rates
- Establish small and medium-scale business ventures for members’ benefit
- Partner with organizations that align with the Society’s goals and objectives
Awesome Offerings
Our Services
Meet Our Team
Our Team
Dr. Racheal Babayomi
PresidentDr. Racheal Babayomi is a seasoned Senior Registrar in Oral and Maxillofacial Surgery at the Lagos University Teaching Hospital (LUTH), with over ten years of dedicated clinical practice. Her surgical expertise spans the diagnosis and management of complex conditions affecting the mouth, jaws, face, and neck—areas where precision and compassion must go hand in hand.Read More . . .
Dr. Damilola Adeyemo
General SecretaryDr. Damilola Esther Adeyemo is a dedicated Radiodiagnosis Specialist with over ten years of clinical experience, currently practising at the Lagos University Teaching Hospital (LUTH), Idi-Araba, Nigeria. A committed leader within the medical community, she assumed office as General Secretary of the Cooperative in February 2025, bringing a robust track record of administrative service. Read More . . .
Dr. Victoria Ola
TreasurerDr. Ola Victoria is a seasoned Public Health Physician with over 15 years of professional experience in community health and primary care. She currently practices at Lagos University Teaching Hospital (LUTH), where she is actively involved in delivering patient-centered care and promoting public health initiatives.
Read More . . .
Dr. Robert Daniel Adieme
Vice PresidentDr. Robert Daniel Adieme is a seasoned Senior Registrar in Obstetrics and Gynaecology with a sub-specialty interest in Gynae-Oncology and over a decade of clinical practice at the Lagos University Teaching Hospital (LUTH), Idi-Araba. He assumed office as Vice President of the Cooperative in February 2025, where he supports the President in achieving strategic objectives . . .Read More . . .
Ask Us, We Are Happy To Answer
Frequently Ask Questions
What is the eligibility criteria for membership?
Doctors employed in Lagos University Teaching Hospital are eligible to be members of this Cooperative. These include Residents, Medical Officers and House Officers.
How do I apply to become a member?
Fill the membership form and submit. Your application would be reviewed and your status communicated to you via mail.
How much loan am I eligible for as a member?
You can assess soft loans, regular loans or project loans as a member of the Cooperative. Soft loans are loans less than 500,000 provided your total savings is more than 500,000. Regular loans are capped at two times your total savings and Project loans are 3 times your total savings. Project loans are only granted following a good credit score on previous loans and it’s subject to approval based on previous records.
How do I assess foodstuff as a member?
Simply walk to the Secretariat and purchase your desired items. Payment would be deducted from your subsequent contributions with minimal interest attached
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