A Tiv social cultural association, Swem Karagbe Club said it has registered a multi-purpose cooperative society to promote the economic well-being of the Tiv people and as well boost its economic base.

Speaking during its annual general meeting at the club house in Kurudu area of the federal capital territory, Abuja, at the weekend, its new president, Mr. Samuel Pilakyaa said in order to achieve the club's objective of pooling resources together for investment, the association has over the years operated a local savings scheme known as the 'Bam u Swem Karabge'

He said "However, during the year under review, the club has registered its own multi-purpose cooperative society which is already in operation"

The club president added that it's hoped that the investments outlets and others that are still in the drawing board would improve the economic well- being of its members and as well boost the economic base of the club.

Mr Pilakyaa stated that the club which was registered with the Cooperate Affairs Commission in 1996 with four trustees has contributed in no small measure in its determination to improve the welfare of its members and the promotion of the Tivs social cultural heritage.