This Is A Membership-Based Cooperative And Thus Is Restricted To All Genuine Members.
Membership:
The Membership Of The Society Shall Be Open To;
A) All Persons Who Are Members Of The Society As At The Time Of Filling The Application For The Registration As A Co-Operative Society;
B) Anyone Who Applies And Is Admitted In Accordance With These Bye-Laws.
Qualification For Membership:
Every Member Of The Society Must Be;
A) Of Good Character
B) Of Not Less Than 18years Of Age Except In The Case Of An Heir And Dependents Of Registered Members And Where The Director Grants Exemption From This Qualification.
C) Any Other Category Of Person(S) Approved By The Management Committee Of Members As Qualified To Be Members Of The Society.
The Membership Of The Society Shall Be Open To;
A) All Persons Who Are Members Of The Society As At The Time Of Filling The Application For The Registration As A Co-Operative Society;
B) Anyone Who Applies And Is Admitted In Accordance With These Bye-Laws.
Qualification For Membership:
Every Member Of The Society Must Be;
A) Of Good Character
B) Of Not Less Than 18years Of Age Except In The Case Of An Heir And Dependents Of Registered Members And Where The Director Grants Exemption From This Qualification.
C) Any Other Category Of Person(S) Approved By The Management Committee Of Members As Qualified To Be Members Of The Society.
Admission:
A) Application For Membership Shall Be Made By Filling A Membership Form, Which On Completion Shall Be Submitted To The Administrative Department Of The Society (Physically Or Electronically).
A) Application For Membership Shall Be Made By Filling A Membership Form, Which On Completion Shall Be Submitted To The Administrative Department Of The Society (Physically Or Electronically).
B) All Application For Membership Shall Be Approved By The President/Executive Director/Management Committee (Physically Or Electronically).
C) Every Application For Membership Shall Be Accompanied With A Non-Refundable Entrance Fee Of N3,000.00 (Three Thousand Naira Only), Or Any Such Amount Which Shall Be Determined From Time To Time By The Management Committee And Specify Among Other Things, The Minimum Monthly Savings To Be Made By The Applicant (Which Is Currently Set At N4,000) Or Any Such Amount Which Shall Be Determined From Time To Time By The Management Committee.
D) Declaration Of Obligation: Every Member, On Joining The Society And In Application For A Loan From The Society Shall Render To The Management Committee, A True And Complete Statement Of His Indebtedness To Other Societies Or Organization.
Liability Of Members And Past Members:
The Liability Of Members For Debts Incurred By The Society Shall Be Determined By The Liquidator Appointed By The Director Vide Section 56 Of The Law.
Liability Of Members And Past Members:
The Liability Of Members For Debts Incurred By The Society Shall Be Determined By The Liquidator Appointed By The Director Vide Section 56 Of The Law.
A Past Member Shall Be Liable For The Debts Of The Society, As They Existed On The Date When He Ceased To Be A Member For A Period Of Two Years From The Date On Which He Ceased To Be A Member And;
The Estates Of Deceased Member Shall Be Liable For The Debts Due By The Society As They Existed As At The Date Of His Demise For A Period Of Two Years After His Death.
Nominees:
Every Member Shall In Writing (Physically Or Electronically).
Nominate One Person To Whom His Shares Or Interest Shall Be Transferred To, In The Event Of Such Member’s Death Or Becoming Permanently Insane. The Member May, At Any Point In Time, Change His Or Her Nominee. The Name And Address Of The Nominee Shall Be Entered In The Register Of Members And The Member Shall Sign All Alterations. If Not Admitted To Membership The Nominee Shall In Case Of Death Or Permanent Insanity Of The Member, Be Paid The Value Of The Share Or Interest, Less Any Sum Due To The Society.
Termination/Withdrawal Of Membership:
Membership Shall Be Terminated By;
A) Death;
B) Permanent Insanity; Or
C) Withdrawal Shall Be By One Month’s Notice Conveyed In Writing (Physically Or Electronically) To The Management Committee Provided That The Withdrawing Member Is Neither Indebted To The Society Nor Surety For An Unpaid Debt; And
D) Expulsion Under Provisions Of Bye-Law 4.8 (Below).
Re: Admission Into Membership:
Any Past Member May Re-Apply For Membership After A Reasonable After A Reasonable Interval Of Not Less Than Six (6) Calendar Months From Date Of Withdrawal From The Society Or As Approved By The Management Committee.
Expulsion:
A Member May Be Expelled For;
A) Repeated Failure To Make Thrift Savings As Laid Down In Bye-Law 8.7
B) Repeated Failure To Make Up For Debts Due From Him/Her To The Society Over A Reasonable Time Limit;
C) Conviction On A Criminal Offence Involving Dishonesty Like Fraud, Financial Impropriety, Etc; And
D) Misconduct Or Other Acts Contrary To The Stated Objectives Of The Society Or To The Interests Of The Cooperative Movement. When Membership Terminates Owing To Death, Permanent Insanity Or Expulsion, The Society Shall Pay As In The Former, To The Nominee/Beneficiary, Or If None Was Nominated, Then To The Legal Representative And/Or The Latter, To The Expelled Member, The Sum Of His Credit Less Any Sum Due To The Society.
Dues To Members:
Any Money Due On Any Account From This Society To A Member Or A Past Member Shall First Be Offset From The Members’ Credit Or Liability He Has Guaranteed.
Membership Register:
Every Member, On Admission And On Payment Of The Appropriate Entrance Fees Shall Fill And Submit The Membership Acknowledgement Form And Receive A Membership Identification Card As An Evidence Of Membership. By This, He/She Acquires The Right Of Full Participation In The Affairs Of The Society And Assumes All Obligations Relating Thereto.
Constitution And Duties Of General Meeting:
Powers Of The General Meeting:
The Ultimate Authority Under Law In All The Affairs Of This Society Shall Be The General Body Of Members Who Shall From Time To Time Meet To Review And Direct The Work Of The Society.
The Estates Of Deceased Member Shall Be Liable For The Debts Due By The Society As They Existed As At The Date Of His Demise For A Period Of Two Years After His Death.
Nominees:
Every Member Shall In Writing (Physically Or Electronically).
Nominate One Person To Whom His Shares Or Interest Shall Be Transferred To, In The Event Of Such Member’s Death Or Becoming Permanently Insane. The Member May, At Any Point In Time, Change His Or Her Nominee. The Name And Address Of The Nominee Shall Be Entered In The Register Of Members And The Member Shall Sign All Alterations. If Not Admitted To Membership The Nominee Shall In Case Of Death Or Permanent Insanity Of The Member, Be Paid The Value Of The Share Or Interest, Less Any Sum Due To The Society.
Termination/Withdrawal Of Membership:
Membership Shall Be Terminated By;
A) Death;
B) Permanent Insanity; Or
C) Withdrawal Shall Be By One Month’s Notice Conveyed In Writing (Physically Or Electronically) To The Management Committee Provided That The Withdrawing Member Is Neither Indebted To The Society Nor Surety For An Unpaid Debt; And
D) Expulsion Under Provisions Of Bye-Law 4.8 (Below).
Re: Admission Into Membership:
Any Past Member May Re-Apply For Membership After A Reasonable After A Reasonable Interval Of Not Less Than Six (6) Calendar Months From Date Of Withdrawal From The Society Or As Approved By The Management Committee.
Expulsion:
A Member May Be Expelled For;
A) Repeated Failure To Make Thrift Savings As Laid Down In Bye-Law 8.7
B) Repeated Failure To Make Up For Debts Due From Him/Her To The Society Over A Reasonable Time Limit;
C) Conviction On A Criminal Offence Involving Dishonesty Like Fraud, Financial Impropriety, Etc; And
D) Misconduct Or Other Acts Contrary To The Stated Objectives Of The Society Or To The Interests Of The Cooperative Movement. When Membership Terminates Owing To Death, Permanent Insanity Or Expulsion, The Society Shall Pay As In The Former, To The Nominee/Beneficiary, Or If None Was Nominated, Then To The Legal Representative And/Or The Latter, To The Expelled Member, The Sum Of His Credit Less Any Sum Due To The Society.
Dues To Members:
Any Money Due On Any Account From This Society To A Member Or A Past Member Shall First Be Offset From The Members’ Credit Or Liability He Has Guaranteed.
Membership Register:
Every Member, On Admission And On Payment Of The Appropriate Entrance Fees Shall Fill And Submit The Membership Acknowledgement Form And Receive A Membership Identification Card As An Evidence Of Membership. By This, He/She Acquires The Right Of Full Participation In The Affairs Of The Society And Assumes All Obligations Relating Thereto.
Constitution And Duties Of General Meeting:
Powers Of The General Meeting:
The Ultimate Authority Under Law In All The Affairs Of This Society Shall Be The General Body Of Members Who Shall From Time To Time Meet To Review And Direct The Work Of The Society.
Quorum:
The Presence Of At Least A Quarter (1/4) Of The Members Shall Be Necessary For The Disposal Of Any Business At The General Meeting. If No Quorum Is Formed At A Meeting, An Adjournment May Be Made For A Period Not Less Than Seven (7) Days Or More Than Fourteen (14) Days. Thereafter, The Number Of Members Present At Any Such Adjournment Shall Form A Quorum.
The Annual General Meeting (AGM):
The Agm Shall Be Held Within The First And Second Quarters Of The Succeeding Year After The Annual Statements Of Accounts Have Been Prepared And Approved By The President/Executive Director.
Duties Of The Annual General Meeting:
These Shall Include;
1. Receiving A Report On The Preceding Year’s Operations Of The Society With The Statement Of Accounts From The Management Committee;
2. Dealing With Any Communication Received From The President/Executive Director;
3. Appointment/Re-Appointment Of The Management Committee Members For The Ensuing Year; And
4. Other Matters As Presented By The Management Committee.
The Duties Of The Ordinary General Meeting:
When Necessary An Ordinary General Meeting Shall Be Conveyed To;
1. Suspend Or Remove From Office, Any Member Of The Management Committee In Accordance With These Bye-Laws;
2. Confirm The Expulsion Of Member(S);
3. Amend Or Repeal Any Existing Bye-Laws Or Enact A New Bye-Law In Accordance With Bye-Law 15 And
4. Dispose Of Any Other Business Duly Brought Before It.
Meetings:
A) The Notice Required For All Types Of General Meetings From The Commencement Of These Bye-Laws Shall Be Twenty-One (21) Days From The Date On Which The Notice Was Sent Out;
B) A Resolution Shall Be An Ordinary Resolution When It Has Been Passed By A Simple Majority Of Votes Cast By Such Members Of The Society As Being Entitled To Do So, At A General Meeting Of Which Seven (7) Days Notice, Specifying The Intention Of Passing The Resolution As An Ordinary Resolution Has Been Duly Given; And
C) A Resolution Shall Be A Special Resolution When It Has Been Passed By Not Less Than The Three-Fourth Of The Votes Cast By Such Members Of The Society As Being Entitled To Do So, Who Shall Vote In Person At A General Meeting Of Which Twenty-One (21) Days Notice, Specifying The Intention Of Passing The Resolution As A Special Resolution Has Been Duly Given.
D) All Resolution For The Purpose Of;
A. Removing A Management Committee Member
B. Amending The Provisions Of These Bye-Laws;
Shall From Time To Time Be Decided By The Management Committee Through A Special Resolution.
Extra-Ordinary General Meeting:
A) An Extraordinary General Meeting May Be Called At Any Time By A Majority Of The Management Committee Or On A Request From The President/Executive Director Or From Not Less Than One-Fourth Of The Members Of The Society.
B) Only The Advertised Object Of Such Proposed Meeting Shall Be Transacted Or Discussed At Such Meeting.
C) Where The President/Executive Director Convenes Such Meeting He May Direct What Matters Shall Be Discussed At The Meeting And May Not Need To Give 21 Days Notice As In Bye-Laws 5.6 (A) Above.
Voting:
Voting At General Meetings Shall Be By Open Ballot. All Questions Shall Be Decided By A Majority Of Votes Of The Meetings, The Chairman Board Of Trustees Shall Have Casting Vote, If Votes Are Equal Or He May Call For A Second Voting.
Man O War Nigeria Cooperative
Multipurpose Society (MOWN-CMS)
Office Address & Contact Numbers:
National Command HQ, Rd. 112,mosque str.
house 13,supreme court quarters.
FHE Karu Abuja.
email: mowncms@mowyei.org
tel: +2348185000488
whatsapp: +2348185000488
Man O War Nigeria Cooperative
Multipurpose Society (MOWN-CMS)
…..sustainable empowerment
Multipurpose Society (MOWN-CMS)
Office Address & Contact Numbers:
National Command HQ, Rd. 112,mosque str.
house 13,supreme court quarters.
FHE Karu Abuja.
email: mowncms@mowyei.org
tel: +2348185000488
whatsapp: +2348185000488
Man O War Nigeria Cooperative
Multipurpose Society (MOWN-CMS)
…..sustainable empowerment
