Thesis Abstract

               ABSTRACT
This research is channeled towards studying critically the origin, reasons, importance and the problems affecting the co-operative laws and rules. It specifically dealt with different sections of the co-operative laws and rules and their importance or otherwise the growth of the co-operative.
This law is passed to convey government recognition of co-operative societies as a desirable way of doing business for Nigerians in general, but more particularly those with a felt need.
Its prime objective is to provide self-help efforts to the people in the social, cultural and economic fields.
Government appreciates the role of International Co-operative Alliance (I C A), however, in identifying and enunciating the principles by which co-
operative in the whole world can best achieve their goals and retain their peculiar co-operative circle. This law is intended to translate those principles into legal norms and give them legal enforcement.

Thesis Overview

1.0               INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Co-operative law are those legislative enactment aimed at regulating and directing the activities of Co-operative Societies. It guides the ruling, formation of co-operative enterprises, so that it enables their activities to be stable, effective and efficient for the successful operation of a given co-operative society.
The Co-operative originated in Nigeria in 1935 under the NO. 39 Ordinance, while the rules follows in 1936. Both applied the rules follows in 1936. Both applied to the whole locating, then colony and protectorate of Nigeria. In 1952, the country was divided into 3 regions, North, West and East and co-operative was made a regular subject. Each adapted the 1935 ordinance with necessary amendments. In August, 1977, the then Federal Commissioner for Co-operative and Supply, Alhaji U.A Mutallh, set up a panel to review and unite the Nigeria co-operative society laws and rules with J.T Catlow Idowu as chairman.
It was General J.B Babangida at the face end of Military rule, decided to sign the draft into a decree, the Nigerian Co-operative Societies Decree No. 90 of 1993. Being a federal law which superseded all other laws of co-operative society in Nigeria.

1.1               OBJECTIVE OF STUDY
The motive behind this project is to undertake a study of a critical assessment of the important of studying co-operative laws and rules.
                            STUDY
-         To examine the impact of the co-operative law in every co-operative establishment.
-         To examine the law meant for co-operative establishment.
-         To know the limit provided by the law that differentiates it from other terms of business.
-         To suggest ways and means of enhancement.
-         To know that there is provision in the law of co-operative that every registered society must have their bye-laws.
1.2               SIGNIFICANCE OF STUDY
With the above project been carved out by the researcher, the society will get to know and understand that co-operative laws and rules will help to improve the economic activities of the society. This research work will equally help the federal government to improve the society, since it is the federal government that enact the law in which co-operative must follow. Co-operative law is a vital element in co-operative development which should not be under-rated.
The law should discriminate between full – rigid genuine co-operative, psendo co-operative and pre-co-operatives.
The law stipulates that all the co-operative should be registered and it must be reformed to reduce federal government control so that a true co-operative movement will emerge.
Co-operative law should take legislative cognizance’s of the higher-class, co-operatives and invest them will freedom to take their own decisions.
1.3               PURPOSE OF STUDY
Co-operative society is a dynamic and liable business enterprise that has unique ideologies and method. It should be regularized not as the same way as other business organizations.
a)       To take the co-operative out of the content of preview of other laws.
b)       To encode a legal personality on the co-operative and other privileged upon registration co-operative receive body cooperate status.
c)       To grant special right to the co-operatives such as exemption from taxes.
d)       Enlarging self and self – reliance in other to bring co-operative to the stage supervision and development