Petra and Peace of Mind Electronics sign landmark MOU to enable 10-month easy payment plan.

PETRA & PEACE OF MIND ELECTRONICS SIGN LANDMARK MOU TO ENABLE 10-MONTH EASY PAYMENT PLAN
On Monday, 23rd February 2026, Petra Multi-purpose Co-operative Society and Peace of Mind Electronics officially signed a Memorandum of Understanding (MOU) in Enugu, marking the beginning of a strategic partnership designed to improve access to quality electronics and household items through a flexible payment structure.
The Memorandum of Understanding establishes a 10-month installment payment plan that allows both Petra members and non-members to purchase electronics and household appliances conveniently without financial pressure.
Delegation and Representation
The President of Petra Multi-purpose Co-operative Society, Dr. Edwin Ifeatu Morah, led the Petra delegation. He was accompanied by:
Ginika Obodo, Business Development Officer
Emmanuel Eze, Financial Secretary
Representing Peace of Mind Electronics were:
The Chief Executive Officer (CEO)
The Chief Accountant
During the signing ceremony:
The CEO and Chief Accountant signed on behalf of Peace of Mind Electronics.
Dr. Edwin Ifeatu Morah and Ginika Obodo signed on behalf of Petra Multi-purpose Co-operative Society.
Purpose and Vision of the Partnership
This partnership reflects Petra’s commitment to financial inclusion, structured purchasing, and economic empowerment. Through this initiative:
Buyers can access quality electronics immediately.
Payments can be spread over 10 months.
Financial strain is significantly reduced.
Families can upgrade their homes in a planned and disciplined manner.
The agreement also strengthens local business collaboration within Enugu, promoting trust, accountability, and sustainable commerce.
A Step Forward in Cooperative Innovation
Speaking after the signing, Dr. Morah emphasized that the initiative aligns with Petra’s vision of empowering individuals and families through practical financial solutions. The partnership demonstrates strategic leadership, responsible planning, and community-focused development.
The MOU signals a new era of structured, stress-free acquisition of household essentials, reinforcing Petra’s role as a forward-thinking cooperative society committed to improving the quality of life of its members and the general public.
Signed:
Dr. Edwin Ifeatu Morah
President, Petra Multi-purpose Co-operative Society