The Eternal Brothers Club, a fledging social and humanitarian outfit has presented its 2026 budget of N105million to its Board of Trustees (BOT) in an elaborate ceremony in Abakaliki.
The National President of the club, Hon. Charles Akpu-Enika led the club’s executive to present the budget to the Chairman of the BOT and Commissioner for Youth Development and Sports in Ebonyi state, Rt. Hon. Richard Idike.
Akpu-Enika, the Immediate Past Commissioner for Youth Development and Sports in the state, said the 2026 budget of consolidation recorded a monumental increase from the 2025 budget of N40.5million.
The club’s president said the budget derives from 11 revenue streams and comes with a projected expenditure of N104.6 million covering 13:major expenditure categories.
“The 2026 budget’s expected income is predicated on: sales from the 2026 calender, New intake of 26 members at N800,000 fee each, constitution launch by 36 new members, monthly dues and development levy among others.
“There are also target incomes from the club’s investment from June–December 2026, incomes from lateness, absenteeism and fines, hosting payment by 200 members 2025 debt recovery among others.”
He noted that expected 2026 expenditure of the club would be on April road walk for members, 2025 carryover debt to 2026, 2026 capital projects, the general meetings of June and August, unforseen and overhead among others.
“We are pleased to report that with your partnership and approval in 2025, the club exceeded its projected budgetary performance.
“Revenue generation surpassed expectations and the additional funds were judiciously applied to key developmental projects.
“It can be recalled that the current administration embarked on about 90 percent reconstruction of the project we had in 2024 and we are proud that two buildings have been successfully erected at the club headquarters, awaiting roofing.
“We are committed to fulfilling the promises and obligations made to our members and through financial management and transparency, we were also able to execute additional impactful initiatives not originally captured in the 2025 budget.
He noted that the club’s strategic outlook for 2026 includes the operational commencement of a six-room gate house by May 2026.
“Additionally, we project that the main building comprising of four rooms, a hall and lounge would be completed before the end of the year and we anticipate to start generating returns on these investments by June 2026.
“Our objective in the medium term, is to reduce dues and levies payable by members starting from 2027”.
The Chairman of the club’s BOT, Rt. Hon Richard Idike commended the executive for the honour and promised that the BOT will critically review the budget.
Idike described the budget as well articulated and presented, noting that issues around budgets goes beyond presentation but implementation.
“The budget of 2025 can be seen to be well presented and we hope that the 2026 own would usher more good tidings and make the club better.
“We are proud of the executive arm of the club and pledge to continue offering our support and collaboration to achieve all set goals.”
He noted that the gigantic buildings under construction at the club ‘s headquarters remains milestones that continue to puzzle everyone noting that such could only be possible by God’s grace.
“It is not easy to start a building foundation when one sees the drawing as many people would be discouraged by the enormity.
“The spirit of Senator David Umahi in you the president however broke all casts of unbelief as work must go on while we see what happens.
“We cannot have a better president in the club than you now and we would only crave for your continuity in office.”
