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Cooperative Share Holding
SweetSuinix Co-operative / Cooperative Share Holding

Our Cooperative Share Holder

REASONS TO JOIN OUR SWEETSUINIX COOPERATIVE AND BE A SHARE SHAREHOLDING COMPANY

  • It is a registered and Incoperated Cooperative Organization; The cooperative is Certified, Incorporated and Regulated by the ministry of Commerce, Industry & Cooperatives Lagos State Nigeria.
  • In the past 6 years the cooperative has audited reports that have been received and audited by its regulatory body the ministry of Commerce, Industry & Cooperatives Lagos State Nigeria.
  • The cooperative share fund will always appreciate; for the past 7 years the cooperative business and movement have always and steadily been on the increase.
  • The share fund is a way of investing for the Future. The coop share offers members the opportunity of investing for the future as it can be bought for children and for the better cooperative movement in the future.
  • The shares can be transferred to a Nominee; upon appreciation the holder of the cooperative shares can transfer it to a Nominee for cash and the Nominee will continue his or her interest in the cooperative.
  • The share fund will never go down; this cooperative shares will never go down as there are no speculators activities to affect it so as to bring it down instead it will always be on the increase due to the prudence of the Trustees and yearly dividend to  be declared every year will fluctuate approximately  between 5 to 20 percent while the share capital itself is expected to be on the rise between 5 to 150% yearly in  appreciation subject to the activities of the society, kindly note that members can only request for total withdrawal of shares after 2 years subject to 6 months notice and approval from the current management committee.
  • Each share holding member of the cooperative has an automatic insurance cover worth 500,000.00; the members who have the share payment of a minimum of #5,000.00 and above monthly can collect loan and are covered yearly in an insurance Health or Life Scheme and the insurance will be renewed every year on their behalf provided they remain in the cooperative with their share amount is paid regularly they are covered in terms of Death, Permanent Disability, Hospital Bills as a result of Accident.
  • Each share holder of the cooperative is a partner with the state government in that he or she can apply to the government for several benefits and program in the state through the cooperative.
  • Each share holder is a part owner of the cooperative with others he can vote and be voted for during (AGMS) Annual General Meetings of the cooperative, to hold offices of the cooperative however, it shall be subject to the guide lines of the electoral committees of the cooperative.
  • It will improve the cooperative movement and make it more relevant and competitive in the programs for which it was organized to provide more loans, housing, empowerment .etc
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