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Federal Civil Service of Nigeria Staff Multi-Purpose Cooperative Union Ltd (FEDCOOP) is calling for the needs to remodel cooperative societies in Nigeria.
The union made this disclosure in an open letter it wrote to Vice President Yemi Osibanjo on the occasion to mark the 2021 International Day of Cooperatives, advocating for the creation of Cooperative Commission of Nigeria (CCN).
According to the union, it is a registered secondary cooperative societies union/federation representing various cooperative societies in the Ministries, Agencies and Departments of the Federal Government of Nigeria with the sole aim of catering for the interests of her teeming members.
July 29, 2021.
AN OPEN LETTER TO HIS EXCELLENCY, THE VICE PRESIDENT OF
THE FEDERAL REPUBLIC OF NIGERIA, PROF. YEMI OSIBANJO
MARKING THE 2021 INTERNATIONAL DAY OF COOPERATIVES ( JULY 3, 2021 ) WITH THE CREATION OF THE COOPERATIVE COMMISSION OF NIGERIA ( CCN )
1. Your Excellency, we are a registered secondary Cooperative Societies Union/Federation representing the various cooperative societies in the Ministries, Agencies and Departments of the Federal Government of Nigeria with the sole aim of catering for the interest of our teeming members.
2. In the course of our existence, we have observed that the Nigerian Cooperatives Societies Act, 2004 ( the Act regulating the cooperative activities in Nigeria ) has become obsolete; and the entire management structure of the cooperative apparatus in Nigeria needs to be remodeled to conform with the present realities. Hence the need to set up the proposed Cooperative Commission of Nigeria (CCN).
3. Recall that cooperative Societies worldwide since 1923 and officially proclaimed by the United Nations General Assembly on the centenary of the International Cooperative Alliance ( ICA) in 1995, the INTERNATIONAL DAY OF COOPERATIVES is celebrated annually on the first Saturday of July ( July 3, 2021 ). This year’s celebration will be the 27th International Day of Cooperatives recognized by the United Nations and the 99th International Cooperative Day.
4. The theme of this year is: “Rebuild better together”. The aim of #CoopsDay is to increase awareness of cooperatives and promote the movement’s ideas of international solidarity, economic efficiency, equality, and world peace. Cooperators and partners around the world are invited to get ready to celebrate #CoopsDay on 3 July and to show the world how we can Rebuild better together.
5. It is in consideration of the importance of the above that we think it has become very imperative to draw the attention of the federal government for the establishment of the Cooperative Commission of Nigeria ( CCN ).
6. Your Excellency, recall that the Corporate Affairs Commission ( CAC ) has similar history like the cooperative movement in Nigeria. The CAC was created to facilitate business activities in the interest of investors, the public and the nation that would allow for the much desired conducive atmosphere that could lead to the much desired economic development of the country. Therefore, CAC became the major regulatory body of companies in Nigeria; with the responsibility of incorporation of companies, registration of Business Names, Incorporation of Trustee of certain committees, bodies, associations and other regulations, which is self- accounting.
7. As you know, CAC came into being by virtue of the Companies and Allied Matters Act (CAMA) Cap 50, Laws of the Federation of Nigeria, now Cap C20 of the Laws of the Federation, 2004. Recall too that CAMA was borne out of draft documents prepared by the Nigerian Law Reform Commission in an effort to reform and improve on the Companies Act of 1968, which could no longer address the various challenges associated with the regulation and supervision of Companies in Nigeria
Prior to the promulgation of CAMA 2004, the hitherto Companies Act of 1968 was under the control of Federal Ministry of Trade, through its Corporate Affairs Division. Then it had a central Companies Registry in Lagos which was later moved to Abuja in 1988. It was in charge of incorporation of Companies, filling of annual returns and other statutory documents required to be submitted to the Registry. The Registrar of Companies was in charge of the Company Registry.
The Company Registry was saddled with plethora of problems:
It was not self accounting, its budget depended on the budget of the Federal Ministry of Trade; The Registrar was a staff of the Ministry i.e a lawyer who was deployed from the Federal Ministry of Justice; It was grossly under funded notwithstanding the huge money being made by the Company Registry from incorporation of Companies; The normal civil service bureaucracy affected the administration to effectively and effectually carry out their functions.
8. More than ever before, we feel strongly that the same needs that gave rise to the establishment of CAC have equally arisen for the establishment of the proposed CCN which will greatly advance the economic wellbeing of this country. The structure of the Cooperative movement where the management is domiciled in the ministry of Agriculture has given rise to all the attendant problems, just like the problems associated with the CAC before its establishment. The Nigerian Cooperative Societies Act, has become so obsolete and can no longer cater for the emerging needs of the cooperators who are contributing immensely to the economy of this country.
YOUR EXCELLENCY IS RESPECTIVELY INVITED TO NOTE THAT:
• The International Day of Cooperatives is July, 3, 2021
• It is imperative to begin the process of establishing a body to be known as the Cooperative Commission of Nigeria (CCN)
• The present structure of the cooperatives is Nigeria has untold problems.
• The present Cooperative law in Nigeria has become obsolete.
Your Excellency is kindly and respectfully requested to commence the process of sponsoring Executive Bill to the National Assembly for further legislative action to birth the establishment of this commission.
It is our dream that the attainment/creation of this Commission will not only be independent but also self-accounting without being a burden to the federal government. It will also contribute significantly to the revenue generation of the federal government, support the economic prosperity of Nigerians and aid economic advancement and diversification of our country.
Federal Civil Service of Nigeria Staff Multi-Purpose Cooperative Union Ltd
AbdulWaheed Omotosho Bello
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