Sanni Okanlawon Explains Rationale Behind Introduction Of A Bill For The Registration Of Cooperative Societies And Other Connected Matters By LASG

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The Lagos State House of Assembly House Committee Chairman on Commerce, Industry and Cooperatives, Hon. Sanni Okanlawon has explained the rationale behind the introduction of a Bill by the Lagos state Government for a law to provide for the registration of Cooperative Societies in the State and for Other connected matters.

 


Hon. Sanni Okanlawon speaking at A-Day Public Hearing of the Bill organised by the Lagos State House of Assembly on Wednesday Dec 30, 2020 stated that the Bill which had already scaled through the 2nd reading “is for the purpose of re-enacting subsisting cooperative society law Cap C 14, Law of Lagos state of Nigeria 2015 which was inherited from the old western region government in 1964 and adopted by Lagos state Government upon its creation in 1967”.

 

 




He added that the Bill when finally passed into law would address various problems connected with registration, management and operation of cooperative societies in the state for effective management as well as issues on non-compliance with the provision of existing law by the operators, inadequate statutory sanction for defaulting operators and members and some other loopholes which encourage impunity particularly among the cooperative societies within the state.

 


Hon. Sanni therefore urged invited stakeholders present at the public hearing to come up with their suggestions, assuring that their suggestions and inputs would be factored in into the house committee’s recommendation before the passage of the bill into law.

 

 




The Lawmaker representing Kosofe Constituency 1 therefore lauded the office of the Head of Service, Ministry of Justice and Ministry of Commerce, Industry and Cooperatives for coming up with an executive Bill to address various problems associated with the cooperative societies in the State as well as the review of the reversed public service rules and financial regulation 2015.

 


He expressed optimism that the bill would restore sanity and bring transparency and accountability into the operation of Cooperative Societies in the State.

 


His Words: “The essence of tinkering with the law is to correct so many inadequacies that we have observed overtime. That was why we came up with this bill. And is meant to correct so many inadequacies; for instance, transparency and accountability has been an issue. There are sections that have taken care of it.

 

“And in the case of a demise of an operator what become of his interest in the cooperative society? The new bill has adequately provided for operator to nominate a person before his demise that will take care of his interest and investment after his demise”.

 

The proposed Bill for a Law to provide for the registration of cooperative societies in Lagos State and for other connected matters, among other things, made provision for the appointment of a Director who shall be an officer in the state civil service not below Grade Level 15, responsible for registering, supervising, monitoring and disciplining of operators of cooperative societies in the state.

 



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