NAFDAC Staff Multipurpose Cooperative Society Limited

Membership Registration Terms & Conditions

Welcome to NAFDAC Staff Multipurpose Cooperative Society Limited ("the Cooperative"). By completing the membership registration process, you acknowledge and agree to the following terms and conditions:

1. Eligibility:

   1. To become a member of the Cooperative, you must be at least 18 years old and legally capable of entering into a contract.
   2. Membership is open to individuals, legal entities, and other cooperative societies that share the values and objectives of the Cooperative.

2. Membership Obligations:

   1. As a member, you agree to actively participate in the Cooperative's activities and contribute to its growth and development.
   2. You are responsible for providing accurate and up-to-date information during the registration process and promptly informing the Cooperative of any changes.
   3. Members shall abide by the Cooperative's bylaws, rules, and policies, as well as local laws and regulations.

3. Rights and Privileges:

   1. Members are entitled to participate in the decision-making process of the Cooperative, including attending meetings, casting votes, and standing for elected positions.
   2. Members may benefit from the Cooperative's services, such as access to financial products, training programs, and cooperative resources.
   3. Members have the right to receive regular updates, reports, and financial statements regarding the Cooperative's activities.

4. Membership Fees and Contributions:

   1. Upon registration, members are required to pay the prescribed membership fees, as determined by the Cooperative.
   2. Members may also be required to make regular contributions to the Cooperative's capital, savings, or reserve funds, as specified in the bylaws.

5. Termination of Membership:

   1. Membership may be terminated voluntarily by submitting a written notice to the Cooperative, subject to any outstanding obligations.
   2. The Cooperative reserves the right to terminate or suspend a member's membership for non-compliance with the Cooperative's rules, misconduct, or breach of obligations.

6. Confidentiality and Data Protection:

   1. Members understand and agree that any personal information provided during the registration process will be used for legitimate cooperative purposes and in compliance with applicable data protection laws.
   2. Members shall maintain the confidentiality of any sensitive information shared within the Cooperative and refrain from disclosing it to unauthorized parties.

7. Amendments to Terms and Conditions:

   1. The Cooperative reserves the right to amend or modify these terms and conditions at any time, subject to providing reasonable notice to its members.
   2. Members will be bound by the updated terms and conditions upon their acceptance or continued membership in the Cooperative.

By completing the membership registration, you acknowledge that you have read, understood, and agreed to these terms and conditions.