CHAPTER ONE

1.0       INTRODUCTION

1.1   GENERAL INTRODUCTION

The population of this study is limited to the worker’s of ANAMMCO who come together of their own free will to form the ANAMMCO worker’s multipurpose co-operative society Ltd.  This is made up of people who voluntarily associated together as human beings on the basis of equality, for their social-economic interest.

Anammco worker’s multipurpose co-operative society limited has become co-operative that co-operation as a corrective measure to capitalism, has an ideological base that is rooted on democracy, caring and sharing.

The society was formed in August 11 1987 and was incorporated in 25 March 1988, with total membership of 415.  Activities of the society include: granting of loans to members, establishment of staff shop to sell commodities.

Presently, Anammco worker’s multi-purpose co-operative society has about 748 members, among them are 70 females and 678 males.

Anammco worker’s multipurpose co-operative society ltd has about N55,000,000 value of their Assets and N25,000,000 value of liabilities.

Co-operative as social economic society have their record books which they use to record all the financial transactions and the event in the society.  In Anammco multipurpose Limited, they use six record books among them are:-

A)     Committee minutes book

B)     General minute book

C)     Member’s register

D)     Cash book

E)      Personal ledger

F)      Attendance register

As a society that operate in fragile Economic situation, Anammco M.P.L.S are facing many problems which include: