Daily Trust (Abuja)

Nigeria: Cooperative Society to Establish MFB

9 November 2009


Abuja — The Independent National Electoral Commission (INEC) Multi Purpose Cooperative Society has set up machinery to establish a microfinance bank.

The society at its 4th Annual General Meeting (AGM) held in Abuja at the weekend declared N2.7 million dividend for the year ended. A dividend sharing committee has been set up to share the dividend, the Secretary General of the society Chukwuemeka Ugboaja has said. He said a five-man committee has also been set up draw modalities for the micro-finance bank take-off.

Be the first to Write a Comment!

More News on allAfrica.com

Copyright © 2009 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

AllAfrica - All the Time

SELECT
SELECT

Topics