The government of Delta State has been commended for remitting the balance payment it was owing Cooperative Societies in Delta State which slowed the activities of Cooperative Societies in the last fiscal year.
This commendation was made was discussed by the Hon. Commissioner for commerce and industry, Barr. (Mrs) Mary Iyasere who was represented by Mr. Emmanuel Agha, a Chief Cooperative officer covering Ika South Local Government Council during the Annual General Meeting of the High Court Multipurpose Cooperative Society held at Agbor High Court premises.
The Commissioner who disclosed that last year was very rough for Cooperative Societies in Delta State due to the economic recession that affected every facet of the economic life of the State and the country in general, thanked God that Delta State in her steadfastness has been able to clear all the outstanding debt it was owing the cooperatives societies.
She frowned at the late organization of the High Court Multipurpose the while stating that A.G.M is supposed to be conducted latest second quarter of the year as is stipulated in the bye-laws governing the Cooperative Society.
She further advised the executive of the Cooperative Society to work very hard to surmount the challenges that tend to hinder them from performing creditably in servicing the needs of the members of the cooperative who have reposed their confidence in them.
In his acceptance speech, the newly elected president of the society Mt. Tuoyo Wawe (Esq) whom with all the members of his executive council were returned unopposed, promised to do his best, with the cooperation of all the stakeholders to ensure that the cooperative society is taken to an enviable height.
On the issue of the late organization of the year’s A.G.M, he attributed it to technical problems arising from the secretariat but promised to make sure that it will be taken care of this time with the assistance of officers of Ministry of Commerce and Industry with whom he promised to be constantly relating with.
He announced that the society posted a net surplus of N 8,087, 189.68l based on ten months remittance of members deduction by the State Government which tried to slow the activities of the Cooperative Society. He, however, disclosed that Government has already remitted the outstanding two months deduction to the Society which will reflect in this years transaction.
Speaking during the occasion, the pioneer president of the society Mr. Nicholas Eluemnor who was present at the occasion, advised the new Exco to work hard in order to make sure that operation of the society is keyed into internet operation to enable the members always get alert on every transaction which will, in turn, reduce pressure on the management.
He further harped on the training and retraining of members in order to flow with modern ways of doing cooperative business.
The high point of the occasion was the disbursement of dividends to members as well as souvenirs.