Expert tasks cooperative societies on best practices - The Hope Newspapers
 

Expert tasks cooperative societies on best practices

Admin 30 Oct, 2017 News

By Ayo Olowu
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The need for members of the executive committees of Cooperative Societies in the Ondo State Public Service to always adhere to best practices in running  the affairs of the  societies has again been stressed.

A financial  expert, Mr. Aanu Akinwande  made the assertion in a lecture he delivered on Wednesday at a two-day cooperative seminar/Workshop organized by the Ondo State Cooperative Federation (ODSCOFED) Limited for cooperative societies in Ministries, Departments and Agencies (MDAs), Higher Institutions and Nigeria Union of Teachers (NUT) held at the Primus Event Centre, Akure.

Delivering the lecture titled “An insight into Ondo State Cooperative Societies Laws and Regulations,” Akinwande described the adoption of best practices in cooperative services by cooperative societies s MDAs fundamental and crucial to their overall success.

He averred that since the executive committee members of each of the cooperative societies  are entrusted with the time honoured responsibility of overseeing the affairs of such societies, they are the lifewire of the societies, hence the performance of the societies is a direct outcome of their diligence and  efficiency.

Akinwande noted that the major purpose and benefit of forming cooperative societies is to promote members’ socio-economic interests.

The financial expert  therefore averred that the surest means to sustain the viability of cooperative societies is to continually key  into the culture of best practices in all their cooperative services.

Earlier in his keynote address at the workshop, the President of ODSCOFED, Engr. Michael Olowoyeye assured all cooperators of immense benefits but urged them to always  ensure that thy play their roles and obligations to ODSCOFED property.

Olowoyeye also stressed the importance of members’ education noting that members’ education  remained the only principle of unity among members of cooperative societies.

He described the theme of the workshop “Effective and Efficient Cooperative Service Delivery in the MDAs” as apt as it is  geared towards addressing the challenges in cooperative societies in the state.

He therefore urged participants to ensure that the gains of the workshop transform into  an improvement in their management of their various cooperative societies.

Olowoyeye appreciated the Ondo State Government for providing the enabling environment for Department and Staff of Cooperatives Societies to become viable in the state.

Earlier while declaring the workshop open, the Director of Cooperative Services in Ondo State, Mr. Felix Williams stressed the importance of effectiveness and efficiency in the operations of cooperative societies in the state.

Williams noted that the workshop is designed to appraise the operations of cooperative societies in the state public service and chart a  way forward.

He charged executive members of the various cooperative  societies in the state public service to always  adhere strictly to the rule and regulations guiding cooperative services in all their operations.

Williams also urged them to always adhere strictly to ethical and best practices in the execution of their projects.

Members of the executive committees of all cooperative societies in the Ondo Public Service attended the workshop.

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