Reasons For The Premature Winding-up Of Co-operative Eterprise In Nigeria

REASONS FOR THE PREMATURE WINDING-UP OF CO-OPERATIVE ETERPRISE IN NIGERIA

(A CASE STUDY OF ENUGU NORTH LOCAL GOVERNMENT AREA)

ABSTRACT

This study is undertaking to examine the reasons problems associated with the premature winding up or liquidation of co-operatives society in Nigeria which has had a lot of effects from one region or state depending on the nature of things. With particular interest and reference based on Nigeria with a case study of Enugu North Local Government Area. The researcher based the objectives on trying to create and understand what co-operative enterprises frame and outline for effective organization of co-operative enterprise to prevent morbornnes and leading to liquidation and suggest solution to reasons and problems associated with the premature winding up of co-operative enterprises in Nigeria. 

TABLE OF CONTENT

Title page-       -       -       -       -       -       -       -       -       i

Approval page  -       -       -       -       -       -       -       -       ii

Dedication       -       -       -       -       -       -       -       -       iii

Acknowledgement    -       -       -       -       -       -       -       iv

Abstract   -       -       -       -       -       -       -       -       -       v

Table of contents     -       -       -       -       -       -       -       vi

CHAPTER ONE: INTRODUCTION

1.1      Background of the study  -       -       -       -       -       1

1.2      Statement of the problem-       -       -       -       2

1.3      Objective of the study      -       -       -       -       -       3

1.4      Significance of the study -       -       -       -       -       4

1.5      Scope of the study   -       -       -       -       -       -       5

1.6      Research Question   -       -       -       -       -       -       5

1.7      Definition of terms   -       -       -       -       -       -       6

CHAPTER TWO: LITERATURE REVIEW       

2.1        Meaning of Co-operative-       -       -       -       -       8

2.2        Brief History of Co-operative           -       -       -       10

2.3        Historical Development of Co-operative Enterprises  13

2.4        Forms of Co-operative Organization        -       -       14

2.5        Definition of winding-up liquidation of Dissolution 17

2.6        Types of winding-up or liquidation         -       -       17

2.7        Reasons for winding-up of liquidation    -       -       19   

2.8        Statutory provision         -       -       -       -       -       22   

2.9        Powers of the liquidation        -       -       -       -       -24  

CHAPTER THREE: SUMMARY AND CONCLUSION

3.1      Summary of finding-       -       -       -       -       -       27

3.2      Summary of conclusion   -       -       -       -       -       27   

3.3      Summary of recommendation -       -       -       -       28   

References       -       -       -       -       -       -       -       30   

Appendix         -       -       -       -       -       -       -       -       32   

CHAPTER ONE

1.0     INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The reasons for the premature liquidation of some co-operative societies are universal but in different levels based on its effect from one country to another. This variation may come up from geographical regions or states depending on the following:

a)          The level of literacy and intellectual ability of majority of he citizens.

b)          The level of economic and institutional development.

c)           The circumstances of the area, especially of the extent of political leadership.

d)          The general acceptance of co-operative as a tool and means to a valuable and precise economic growth as well as social growth.

In some countries, co-operative societies stand a good ground and yielding positive result because of their understanding and acceptance of co-operative enterprises as a step to economic and social development.

In Nigeria, it is not the classical Rockdale type that is carried out as autonomous, independent of government, self managed and self controlled. Rather it belongs to the government through its co-operative department. This pose a lot of reasons why some co-operative societies are liquidated. Although government uses it as an instrument in promoting the welfare of its citizens.

1.2     STATEMENT OF THE PROBLEM

The reasons and problems associated with the premature liquidation of some co-operative societies in Nigeria. This problems have caused a lot of set backs in the economic and social development of Nigeria and its citizens in particular areas something should be done by