Business
Federation To Phase Out Fake Co-operatives
In a bid to strengthen the activities of co-operative movements in Rivers State for optimal benefits of its members, the Rivers State Co-operative Federation (RSCF), has vowed to phase out all portfolio carrying co-operatives without a definite base in the state.
The President of the Rivers State Cooperative Federation, Elder Michael Chinwo made the vow during an interview with The Tide at the Federation’s office in Port Harcourt.
Part of the moves to check the activities of such infiltrators, according to the President, is the resolution by the Federation to send its directors to the 23 LGAs of the state to identify genuine and registered co-operatives.
Elder Chinwo who expressed worry over the tendency of infiltration by fake co-operatives, assured that the exercise will ensure that only registered and duly certified cooperatives operates in the state.
He frowned at a situation where facilities meant for genuine cooperative societies in the state are accessed by non-existing bodies who operate in disguise.
He added that a committee had been set up by the Federation with specific terms of reference to streamline and update affiliated unions for proper subscription.
Elder Chinwo also disclosed that the new management of the federation in the state was confronted with some teething challenges inherited from the former executive.
This he said included; backlog of salary arrears, lack of a rolling plan and proper sense of direction for the federation.
He assured that issues of workers welfare would be given priority attention, while innovative measures would be injected into the system to boost the activities of the federation.
Taneh Beemene