ARDS embarks on recertification of cooperative societies
As part of efforts to ensure service delivery, the Agriculture and Rural Development Secretariat through the office of the Chief Registrar of Cooperatives office in the Federal Capital Territory Administration, FCTA has embarked on recertification and revalidation of cooperative societies.
The aim according to the secretariat is to streamline the activities of cooperative societies, enhancing effective monitoring and checkmating cases of fraudulent practices among others.
Secretary for Agriculture and Rural Development Secretariat, Hon. Stanley Nzekwe, stated this in an interview with journalists in his office recently.
According to him, the recertification and revalidation exercise became imperative in view of the several reports of mal-administration and sharp practices perpetuated by officials of some cooperative societies.
In his words “In line with the Nigerian Cooperative Societies Act of 2004 the responsibility of monitoring the activities of cooperative societies is saddled on government. Therefore it has become expedient that we take necessary measures in order to sanitize their operations and as a government, we will be leaving no stone unturned to address these issues”.
The Agric Secretariat he further stated had in August of 2018, constituted a panel to investigate some knotty issues raised by members.
According to him, some of the findings by the investigative panel include; That some of the cooperative societies are operating in the FCT without due authorization from the office of the Chief Registrar of cooperatives in the FCT, that operations of the cooperatives run short of basic acceptable financial regulations especially in the aspect of transparent record keeping, and some of them have no fixed contact address and other vital information which has made the monitoring of their activities difficult.