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, NkechinyereOfili; 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, “This partnership brings to bear the potential of using cooperatives as an economic tool for national development. The CBN Cooperative will serve as a pilot to showcase the potential of a cooperative and what it can achieve for the economy.,” he added.

Currently, he stated that “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.”

https://guardian.ng/business-services/business/cbn-edc-partner-to-strengthen-cooperative-society-as-economic-tool-for-development/