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Multipurpose Co-operative Society Ltd
Multipurpose Co-operative Society Ltd
Multipurpose Co-operative Society Ltd
Shares offer opened on 10th January 2026 and closes on 10th March 2026
Join our member-owned Co-operative and choose your path to financial growth with security and transparency
Secure, structured savings with salary deduction safety and annual benefits
Required for all members through salary deduction at source with signed authority
Minimum Monthly Contribution
Minimum Monthly Contribution
Only upon retirement, membership withdrawal, death, or transfer out of service
Rate decided by Management Committee, reviewed semi-annually
Cash deposits allowed but require 90 days for loan eligibility
Savings determine your loan credit limit and qualification
Earn dividends on savings from Co-operative's annual surplus
Funds managed under Co-operative Act with statutory reserves
≈55% of annual surplus distributed to members based on shares + savings
Requires salary deduction authority. Subject to Co-operative savings policies.
Whether you choose Shares, Savings, or both – you're building a secure financial future
Housing, consumer goods, investment, and special loans backed by salary deductions
≈55% of annual surplus distributed based on shares + savings
One member, one vote regardless of shareholding
Nominate beneficiaries for your shares and savings
Value of shares paid within 6 months or transferred to legal representatives
Society maintains lien on shares only for unpaid debts
Members can participate in both Shares and Savings for maximum benefit
Your financial security is our highest priority
Under NCS Act No. 90 of 2004
Oversight by Director of Co-operative Societies, FCT
Mandatory reserve funds maintained as per Co-operative Act
Direct from source with signed authority
All loans backed by sureties and proper documentation
Regular audits, electronic records, and regulatory inspections
This Co-operative operates under Nigerian Co-operative Society regulations. Dividends and bonuses are subject to annual surplus. Interest rates are determined by the Management Committee. All participation is governed by Co-operative bye-laws and policies. No fixed returns are guaranteed.
Join our member-owned Co-operative with ₦1 Billion authorized share capital
Become a co-owner with ₦1,000 per share
Minimum 1,000 shares for individuals
Start with structured monthly contributions
Salary deduction with signed authority
Members can participate in both Share Ownership and Monthly Savings. All benefits are subject to Co-operative policies and annual surplus. Regulated by Director of Co-operative Societies, FCT.