LASCOFED Resuscitates Lagos State Association of Cooperative Thrift and Credit Societies (LASACCS)

A Stakeholders meeting was held on Thursday 7^th March 2024 at LASCOFED Secretariat with leaders of registered Cooperative Thrift and Credit Societies (CTCS). The objective of the meeting was the resuscitation of Lagos State Association of Cooperative Thrift and Credit Societies (LASACCS).

The President of Lagos State Cooperative Federation (LASCOFED) Barrister Oladipo Shobule, informed members at the meeting that financial cooperative at the international level form the body known as World Council of Credit Union (WOCCU) while the regional body for Africa is known as African Confederation of Cooperative Savings and Credit Association (ACCOSCA). During the active days of LASACCS it was a member of the Nigerian body known as National Association of Cooperative Credit Unions in Nigeria (NACCUN). NACCUN is now known as National Cooperative Financing Agency of Nigeria (CFAN).

LASCOFED is committed to ensuring that the Association is functional again after over a decade of being in comatose. Therefore a 5-man committee was inaugurated to resuscitate the Association. The committee was given 6months to mobilize members and organize election of officers for the association.

The President charged members of the committee to see the assignment as a call to service while also encouraging members of single purpose cooperative in Lagos State to cooperate with the committee for success of the assignment.