By Our Reporter
The Central Bank of Nigeria (CBN) Staff Multi-Purpose Cooperative Society Limited has signed a Memorandum of Understanding (MoU) with the Enterprise Development Centre of Pan-Atlantic University and Pro-Serve Integrated Services Limited to strengthen the cooperative as an economic tool for national development.
The MoU, which was signed at the EDC head office in Lagos was witnessed by the Managing Director, GEN Nigeria, Dr. Olawale Anifowose; President, CBN Staff Multi-Purpose Cooperative Society Limited, Nkechinyere Ofili; Founder, Pro-Serve Integrated Services Ltd, Kenechukwu Nwankwo; Director, Enterprise Development Centre, Dr. Nneka Okekearu and General Manager, CBN Staff Multi-Purpose Cooperative Society Limited, Pius Obianyor.
According to the parties, the partnership is brokered by lead consultant Pro-Serve Integrated Service Limited. The firm is the business transformation consultant of the CBN cooperative.
Speaking on the importance of the partnership, CEO/Lead Consultant, Pro-Serve Integrated Services, Kenechukwu Nwankwo, said the partnership brought to bear the potential of using cooperatives as an economic tool for national development.
“The CBN Cooperative Society serve as a pilot to showcase the potential of a cooperative and what it can achieve for the economy.
“CBN Cooperative Society has about 12,000 members nationwide, and we hope that the partnership with EDC will bring about structured processes in business and corporate governance as well as project management within the cooperative space.
“The partnership will transform the cooperative into an institution that has medium and long term strategy, which are hinged on integrity and transparent process.
“It will also ensure that there are consistent strategic reviews measured by Key Performance Index (KPI) and it will also ensure that the right people with the capacity and competence are running the institutions”, he Currently, he stated.
Speaking on behalf of EDC, Director, EDC of Pan-Atlantic University, Dr. Nneka Okekearu applauded the partnership and described it as historic.
She stressed on the importance of the partnership between EDC and CBN Cooperative to make cooperative management