INTERNAL AUDIT:  A TOOL FOR MANAGEMENT CONTROL

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

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ABSTRACT

In order to carryout any management functions effectively the top management of an organization will need information to plan, organize, direct, co-ordinate and control the activities of the organization.

The management will generally not time or expertise to collect and analyze the pies of information it needs for its management functions.  Accordingly, the internal auditor is usually appointed to do this on behalf of the management.

The internal auditor does not only provide management with information but also give management the necessary assurance that operations are being carried on in accordance with plans and led down procedures.

Therefore, the internal audit department gives necessary aids to management.

This study examined the way in which the internal audit assist management in the discharge of their responsibilities.

Based on the conclusions, the work made some recommends, the research is of the opinion that the work would be of help to the management.

CHAPTER ONE:

• Introduction

1.1     Purpose of study

• Significance of the study
• Scope and limitation of study
• Definition of terms

CHAPTER TWO:

• Definition of internal auditing

2.1     Scope and objective of internal audit

• Essential elements of internal audit
• Internal control system and internal check
• Essential feature of internal control
• Tool of effective management
• System and procedure of internal audit

CHAPTER THREE:

• Summary of findings, conclusion and recommendation

3.1     Summary of findings

• Conclusion
• Recommendation

Bibliography

CHAPTER ONE

• INTRODUCTION:

Internal audit is a large and significant part of management control of both large and small organization.  The role of internal auditor has evolved from concentration of the detection and prevention of errors and fraud in the present day emphasis to reviewing system of internal control.

The Chartered Institute of Public Finance and Accountancy, define internal audit as an independent appraisal activity within an organization for the review of operation as a service to management.  It is a management control which functions by measuring and evaluating the effectiveness of other controls.

The problems which always exist between the managers/director to the owner of business, were solved by appointing an independent person called “auditor” to investigate the report on findings.

Internal auditor is concerned with the implementation of social responsibility policies adopted by top management.

Internal audit that is established to provide a continuous and complete audit of the accounts and records of the company with use of the following:

• internal procedures system
• internal check
• pre-audit jobs

These would help in the managerial control of the organization.

The overall purpose of internal auditing is to assist management in achieving the most effective administration of operation of the business.

1.1     PURPOSE OF THE STUDY:

The purpose of this research work are as follows:

to evaluate the determinant for effective

AN EVALUATION OF MANAGEMENT TRAINING AND DEVELOPMENT IN GUARDIAN NEWSPAPER LTD, LAGOS

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
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form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

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ABSTRACT

The focus of this project is a management training and development in the Guardian Newspaper Ltd, Isolo, Lagos.  The problem of discriminatory practices in selecting staff for staff training, lack of training and development facilities by the management on the progress of the organization, but interested on enriching themselves were the major issues that motivated the researcher to pick up the topic for investigation.

The researcher had the underlisted objectives which are:

1. To find out problems associated with management training and development in the Guardian Newspaper Ltd, Isolo, Lagos.
2. To recommend solution to those problems reviews of relevance literature was equally carried out and the aim focus was in the area of the concept of training and development in organization and problem associated with it.

Questionnaires were used strictly for collecting data for the study and chi-square statistical methods for analysis was adopted in analysis of the data presented.  All problems associated with management training and development militated against the advancement of employees in this organization and led to decrease in productivity.

Three hypotheses were equally formulated and tested to validate the data analysis.  The result of the test was the fact that management training is a necessary ingredient for the attainment of organization set objectives.

On the basis of the findings, the researcher put forward some recommendations:

1. That the company should be using application forms for recruiting new staff.
2. Staff responsible for the selecting of staff for training should be instructed to apply selecting criteria without unlawful discrimination.

• In order to improve their performance and increase turnover, training and development is very essential as at when due.

1. Funds allocated for training should be utilized appropriately.

Areas for future researches should be recommended as thus:

There should be determination on the rate at which performance of trained employee is greater than the untrained, where untrained staff will be used as a controlled group while trained staff as an experimental group.

Findings should be made to know whether employees advancement is really determined by acquisition of additional qualifications, work experience, performance level of favourism.

Finally, the company should endeavour to give helping hands that adequate research is doing on the areas listed above relevant data should be given when required.

CHAPTER ONE

INTRODUCTION

The purpose of training and development is to bring the skill of individual employees of an organization up to the desired standard for the present or potential assignment more broadly and this development provide the basic skill and knowledge required in carrying out various specialized part in overall task of the organization.  And help to ensure that these development experiences are of co-ordinated and in line with the needs of the individual and the organization.

These experiences may be provided in the form of continuity flow of instructions, commands, criticisms, question and suggestions.  In terms of induction course after employment and before placement on a permanent job.  This might last between one month to three months.

Apprenticeship is an example of long, more extensive kind of skill training, although it may include general course as well.

1.1     BACKGROUND OF THE STUDY

Training and development are perceived over the world as the vehicles of transformation of employee by the employer to achieve the organizational goal.  Any attempt to determine the most effective process, there are certain problems that will need immediate energy such as:

1. How can training needs be determined and how can a training need be distinguished from an organization need that can be satisfy in some other ways?
2. How are the utility (reactive) of various training method and devices?
3. How can people be motivated to increase their capabilities for contributing to the attainment of organizational objective?
4. How can it be determined and what extent can the objective of the training programme be achieved?

If training or development programme are imposed upon people and are interpreted as punishment for differences, there will be little enthusiasm and probably little effective learning and also if the training programme are imposed upon an already over-worked or stressfully individual, the learning is likely to interfere with the effective performance and effective learning.  Furthermore, if what is learned by employee in contrary to the behavioural patterns of work environment will not tolerate expression of what has being learnt.

• PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER:

It is well known fact that an organization cannot operate without facing problem, one or the other.  In essence, there is always a problem which can either be solved, eliminate or minimized with the adoption of integrated or effective planning programmes to any organization large or small requires staffing them with competent well trained personnel.

This study aims at finding solution to the following problems.

TABLE OF CONTENT

Topics                                                                                          Pages

Chapter 1:    Introduction

• Background of the Problem
• Statement of the Problem
• Objectives of the Research
• Research Questions
• Statement of Hypothesis
• Scope of the study and Its Delimitation
• Organization of the Report

Chapter 2:    Literature Review

• Evolution of the Nigeria Capital Market.
• Major Participation’s in the Nigerian Capital Market
  • The Central Bank of Nigeria
  • Development Finance Institutions
  • Issuing Houses
  • Stockbroking firms
  • Securities and Exchange Commission
  • Stock Exchange
  • Share Registrars
  • Commercial Banks
  • Insurance companies and Pensims / Provident funds
• Dividend
  • Forms of Dividend
  • Factors influencing Dividend Policy
  • Stability of Dividend
  • Relationship between Dividend and Share prices
  • Information content of Dividends
  • Random Walk Theory of Share Price Movements
  • Random Walk and an Efficient Stock Market
  • Varying Degrees Efficiency
  • Week form Tests or Weak form of Efficiency
  • Semi-strong form Tests and semi-strong Efficiency
  • Strong form Tests and Strong Form Efficiency
  • Implications of Efficient Market Hypothesis
  • Empirical Studies of Capital Market Efficiency in Nigeria
  • Dividend Announcement and Capital Market Efficiency.

Chapter 3:    Research Methodology

• research Design
• Sources of Primary & Secondary Data
• Population & Sample
• Data Collection Techniques
• Data Analysis Technique
• Hypothesis Test Statistic
• Limitation of Research Methodology

Chapter 4:    Analysis and Presentation of Data.

• Presentation of Primary Data
• Analysis and Presentation of Data According to Research Questions
• Analysis and Presentation of Data According to hypothesis.

Chapter 5

• Summary of Findings
• Conclusion
• Recommendation
• Suggested Research Work

CHAPTER ONE

INTRODUCTION

• BACKGROUND TO THE PROBLEM

The availability of information is crucial to the successful pursuance of virtually every human endeavor. However, Hirshleijer and Riley (1979) observed that in order for any particular piece of information to be beneficial to the user, it must have precise definition and value. While the definition relates to the message about the various events that may happen, the value is about the payoffs likely to be derived by acting on the message received. If a message is not understood by the people for whom it is meant, no action may be taken. If an action is taken at all, it may be a wrong one. Even when the message is understood by the people concerned, their reaction may differ from one another depending on the values perceived to be derived from acting on the message. The values derivable from the message may also be different among people depending on the message as well as the perceived net benefits or utility resulting from taking actions.

Several actions may be taken after receiving an information. Some of the actions may be Optimal, while others may be sub-optimal. The optimal action was defined by Copeland & Weston (1983)2 as the product of the conditional probability of an event taken place given the receipt a message and the utility resulting from taking an action, given that a particular event has occurred. There is also the marginal probability of receiving a message, the optimal action taken on receiving the message and the expected utility to be derived, given the arrival of the message.

Problems arise when economic agents fail to act on relevant information. Such in action may be due to lack of understanding of the message being put across or due to lack of resources to benefit from the information. For example, firms may release their dividend figures to the Capital market if the information contained in released dividend is not understood by the market participants and investors, appropriate portfolio adjustments may not be made through trading of shares. If on the other hand, investors react appropriately to dividend announcements by adjusting their portfolios, which in turn manifests in share price changes, firms may not understand why the market determined their firms’ share prices the way it has done, if they also do not understand the message being put across by investors. It is therefore important for both the firms and investors to understand information available in the capital market. The understanding of the available information will go a long way to enhance the quality of decision made by firms and investors.

There is no gain saying in the fact that firms take various decisions about their operation on daily basis. These decisions can however be classified into three broad categories. These are production, investment and finance decisions. These are decisions should be optimal if the intended results are to be attained. With regard to investments, firms face decisions on optimum combination of real and monetary assets to be invested with a view to establishing and maintaining the productive process necessary to produce the optimum level of output from the optimum combination of factor inputs. The third type of decision the finance decisions concern the optimum combination of resources of money capital required to finance the optimum assets investments. These three major decisions are interdependent. For instance, money capital is required to produce goods and services. Thus, the decision nexus, which should be optimal, confront firms from time to time.

Firms do not take decisions in isolation. Rather, they take cognizance of happenings in the stock markets where their long-term money capital is raised in the form of equities and / or bonds. Both the firms and investors operate in the stock markets, with the former playing the role of producers / borrowers, while the latter function as savers or investors. The adequate understanding of available information is particularly important in the stock markets where securities are traded. It is the understanding of publicly available information which determines to a large extent, whether or not securities will be appropriately priced.

The perceived value of information arising in the stock markets depends on whether or not it reveals any new thing to the market participants. If no new message is contained in the information, security prices may not be affected. It is also possible for the information arriving in the market to be underutilized. Fama (1976) aptly noted this obvious divergence between publicly available information and information utilized by the market in determining security prices in “Reply to Efficient Capital Market Comments”. The underutilization of publicly available information may be due to the inability of market participants to understand its full ramifications. It may however, be due to intervention by capital market regulations E.g. Securities & Exchange Commission or the stock Exchange. In Nigeria, the Nigerian stock Exchange regulates share pricing by imposing a cap on the movement, up or down of prices on any trading day.

There are several information generating events that affect stock prices. For example, earnings announcements, merges & acquisition announcements, dividend announcements etc. This study intends to utilize dividend announcements as the relevant information set.

• STATEMENT OF THE PROBLEM

It is important for the stock market to correctly determine security prices. This is because the resulting prices serve as a signal of relative attractiveness and yield to investors. Share prices, if correctly determined also serve as an index of performance of the various firms whose shares are being trade. For example, the share prices of profitable firms should be higher than those of loss-sustaining firms, all things being equal.

The effectiveness of share prices being a good measure of firms performance in the Nigerian Stock Market is however, rather limited. For instance, the Nigerian stock Exchange imposes a cap on movement of share prices in either direction, on any trading day. This action may prevent share prices from adjusting speedily to dividend information. Thus no matter how handsome firms profits are in any particular year, the prices of their  shares around dividend announcements cannot rise beyond a specified limit. The reverse also holds for loss-sustaining firms. This is a big problem plaguing the market.

There is also the problem of trading volume being low when compared to other emerging stock markets. The thinness of the Nigerian stock market

CAUSES OF FAILURE OF SMAL-SCALE INDUSTRIES IN NIGERIA

( A CASE STUDY OF ENUGU STATE )

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

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form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

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CHAPTER ONE

• INTRODUCTION

Whenever a business fails, we tend to point at different type

of internal reasons like failure of major products, a bad investment decision, structural rigidity or management incompetence or the root cause, business failure could also result from external factor like competition, change in government regulations, scarcity of raw materials etc. Whatever may be the reasons, it is relevant for manager to get to know them with a view to optimizing then for their company advantage.

Apart from the general know reasons, some factors are peculiar to some organizations and entrepreneurs; some of these are most times environment-driven.  The ability of organization to prevent such failure depend on whether management align and see the factors in the context of their business strategy, hence there could be full optimization of their respective risks.  Such factors among others include the following:

Failure to change and adopt due to past success.  It is a wrong action for anyone to describe his organization or business as failure – proof no matter what the level of the past achievement was.  Most of the business that collapse in the recent times are dose we have described as excellent in the past.  They have failed not because they lack the strength to sustain success but due to their insentivity to changes around them and therefore get trapped by their past success.

Let us take a walk around some industries estate in Nigeria especially in Enugu, Kano, Aba, Lagos and Ibadan, one would find several of these organization that have won different performance awards in the past but are no longer doing well today.  This is an unfortunate consequence of their rigidity and management styles.

Whenever an organization losses touch with it’s environment, it becomes less sensitive to competitive demand, thereby operating in an imagined environment.  Enron and double A of united state are good example of such organization.  For instance, when we are yound, we heard of the financial myth and strength of organization i.e. Dommo, AG Leventis, UTC, UAC, CFAD, Odutola Industry, Adebowale Industry etc.  But today, not many of these organization can compete favorably with international counterparts, their positive past performance seems to be a major stumbling block in their process of strategic re-orientation.

It is not worthy to mention that most successful business set up today may collapse in future going by their style and management attitude to strategic failure.

To understand why their success today may bread failure tomorrow, because they may need to look at how the organization are using their success.  It is suppose to be a learning experience for future growth, but they have programmed their organizational successful strategies to attract no further success.

During successful business period, some orgnaisaiton create some expensive culture, norms and belief that may turn the organizations resistant to future change the culture also reduces their flexibility to respond to competitive change.

1.1     BACKGROUND OF STUDY

It is good to imagine than experience, it was said that one of the greatest concern in the present time, for both management practioners and entrepreneurs is the rate at which businesses collapse.

Additionally, it was stressed that most business  owners that find themselves in one financial problem or the other, today have been noted to have no adequate knowledge of risks facing their businesses.

It was also emphasized that no matter how brilliant an entrepreneur may be, once the internal reporting system of the business fail to report an inherent risk that can impair the business, such a business may possibly suffer some kinds of failure in future.

WHY SHOULD ENTERPRENEURS KNOW ABOUT IT?

This is because many enterprises have failed.  It is dangerous for any entrepreneur or management to ignore why they have failed.  Just as we learn about our failure and mistakes inbusiness, it is a good management strategy to learn from those business that have failed.  This is why a manager of business should learn about corporate and failure

This research work is to highlight the problems that are being faced by small-scale industries in Nigeria, which eventually lead to their massive failure.  The research work comprises three main chapters.  In chapter one, the researcher in the introduction examine problems identifiable, aims and objectives, limitation of study and finally, definition of the term.

In chapter two, attention of readers where drawn to note the writer, scholars and so many experienced industrialists in the field of this study (causes of failure of small-scale industries in Nigeria.

Finally, in chapter 3, it summarized and concluded on the research and recommendations made.

• STATEMENT OF THE PROBLEM

My research work reveled that the continuous failure of

small-scale industries negates the struggle by the government to revamption of the economy.  The effects of this on the economy are – food scarcity unemployment, increase in social ills, adverse balance of payment position experience by the country reduction in per capital income etc.  These problems if not adequat

THE ROLE OF FEDERAL GOVERNMENT IN CO-OPERATIVE DEVELOPMENT IN NIGERIA.

(A CASE STUDY OF ENUGU STATE)

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

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ABSTRACT

Co-operative Operation and Administration has been written primarily o satisfy the demands many student in the school of financial studies who have for a factual and authoritative course on Co-operative development.  This project thus   been written with clarity of exposition focused on the  practical requirements for standing and operating a co-operative society successfully.

But for years the general public particularly the axious co-operators and professionals whose activities deals directly with co-operative problems have been yearning for a course in co-operative Development, with teaching and learning of the subject.  This can be attributed to lack of sufficient reference materials in the area and abstract presentation of the course beyond our local back background by the researchers of the few materials available.

So, this project work is of five chapter.   Chapter one which deals on the introduction of Co-operative society, its importance statement of research problems, hypothesis, limitations if the study etc.  In chapter two, it ray among other the national Co-operative principles law and regulations in research design and Methodology and dealt within chapter three,. The method of collecting data, instrument used, local or area of study, the sample population etc. Chapter four is where the data analysis and presentation can be found.

And also demographic analysis and hypothesis testing can be found there too. In chapter five, we found finding of different result form hypothesis there recommendation for improvement and lastly their conclusion.

CHAPTER ONE

• INTRODUCTION

1.1     Statement of Research Problems

• Significance of the study
• Research Questions
• Research hypothesis
• Objectives of the study
• Limitations
• Definition terms

References

          CHAPTER TWO

• LITERATURE REVIEW

2.1     Co-operative law enactment

• Needs for Co-operative Societies in Nigeria and their responsibilities.
• Appointment of pannel to review the Co-operative principles, laws and reputations in Nigeria (1977)
• Terms of reference given to panel
• Limitations of policy guidelines
• Government views on the report of the review pannel on Co-operative principles, laws and regulations in Nigeria.
• Why Co-operatives are necessary
• The closed economy
• The Industrial Revolution
• The motives of the Pioneers
• Object law the first
• Co-operative Societies today
• The place o Adult education in Co-operative Action
• Classification of |Co-operative According to group served.

CHAPTER THREE

• Research Design and Methodology

3.1     Introduction

• Area of study
• Population of the study
• Sample and Sampling  Procedure
• Instrument for data collection
• Validity
• Method of data analysis

CHAPTER FOUR

• Date Presentation and Analysis
  • Presentation of Data
  • Demographic Analysis of data
  • Test of Hypothesis
  • Interpretation of Results

CHAPTER FIVE

• Summary of findings

5.1     Discussion of findings

• Conclusion
• Recommendation

Bibliography

Appendix.

CHAPTER ONE

• INTRODUCTION

The importance of the Co-operative movement in Nigerian is increasingly being realized as well as many developing countries.

In Nigeria, the lead has been taken by both the Federal and State government who have declared in policy papers, and through concrete actions that Socio economic transformation can best be achieved through co-operative development.  The co-operative laws of 1935, Patronage in the from of tax exemptions, subsidized purchases and credit, as well as administrative supports are a few of the  manifestations of the government intentions.

What has been lacking however, is the ability to  the Co-operative sector to stand on its own.  Ever since its inception, it has depended on government staff and hardly on its own manpower resources.  This, No doubts as a result of a popular but mistaken general notion that the Co-operatives are social welfare organization, and therefore should not shoe results f profits/surpluses.

Hence there was no coherent planning nor institutional arrangement to guide, monitor and ensure the implementation of Co-operative projects.  The past three National development plans are living   witness to these deficiencies.  In accepting the challenge of this obligatory project for final year students of the departments of Accountancy of the Institute of Management and technology, (IMT). I have, therefore chosen to present my research paper on the role of the federal government in Co-operative development in Nigeria.

CO-OPERATIVE PROMOTION

          It is essentially the primary duty of a co-operative field workers to see to the promotion f the formation of a new society.  The method of carrying out this promotional duty in Nigerian has since the 70’s changed.  Prior to this period, this duty involved co-operative inspectors going to the market places, canvassing and calling on people to embrace the formation of Co-operative societies.  This method has become obsolete.  People are now increasingly aware of the existence and benefits of Co-operative societies and such people who are interested in forming such societies go to the co-operative inspector/held worker in his office to make liquorices about starting a new Co-operative society in their areas.  It is then the duty of the field worker to furnish them with all the necessary information and guidance.

During the formation stage, the co-operative field worker will take the following steps:-

1. He will attend the society’s inaugural meeting. This will afford him the opportunity of communicating to members all they need to know about Co-operative.
2. He will teach the secretary his secretarial and other duties. The Secretary is the life wife f every Co-operative Society. Therefore, he must be knowledgeable and eager to perform his duties effectively.
3. The filed worker should endavour to educate the members at this early stage. This is virtually necessary for the success of the new Society.
4. He should assist the society in choosing its economic projects.

REGISTRATION OF THE SOCIETY

          Before a Co-operative Society is considered for registration it must have satisfied the following conditions:-

1. The nascent /Society must have been holding regular monthly committee and general meetings. These Meetings must be well attended and well-recorded.  It is stipulated in the co-operative law that the committee meeting must be held once a month, while general meeting are held as often as stipulated in the society’s bye law.
2. There must be evidence of prompt payment of shares and regular thrift-savings. The payment of share indicated members interest in the society.
3. The secretary of the society must be efficient. The Secretary of any Co-operative Society is the life-wire of that Co-operative society.
4. There must be evidence of constant Co-operative orientation for members. This underscores the fact there must be proper education or members.

PROCEDURE FOR REGISTRATION

The Co-operative field worker will take the following steps to get the society registered.

1. Preparation of economic survey report with a recent trial balance.
2. Direct the society on how to prepare the seal
3. Get the society to understand and adopt the model bye-laws.
4. Help the society to complete the application form for registration.

The following details will be required on the form.

1. Name of the proposed society.
2. Address of society indicating actual location in village and or town and local government Area.
3. Area of Operation
4. Exact objects of the society
5. Number of shares and value of share
6. Is liability to be limited or unlimited ?
7. Qualifications proposed for membership
8. Briefly description of proposed working of society.
9. Is there a proposal to raise capital other than by raising share ? If so, what amount of and by what means ?
10. Is there any other society of the same type in the village ? If so, why can’t the members join that society?
11. Names of president, vice-president, treasurer and secretary ?
12. Membership at time of application
13. Proposed relationship with secretary societies
14. Signatures, occupation and address of ten members applying that the society under the law might be registered.
15. The data of application

5. Handover to his senior officer, the following documents for registration:-
6. Completed application forms (2)
7. Economic survey report, with recent trial balance.
8. Adopted bye-laws (3)

The Co-operative field staff has now worked up the society for registration. His other task is to continue to supervise and guide effectively.

THE STRUCTURE FO CO-OPERATIVE SOCIETIES.

The organizational structure of the co-operative movement in Nigeria follows the general pyramid (tier) pattern of co-operative organizations through the world.

In other words we operate the three-tier structure of Co-operative societies (namely primary, secondary, and apex).