WHO CAN BE A MEMBER?
Membership of FADeN Cooperative Limited shall comprise of the primary cooperative societies, state unions and organisations involved in food and agribusiness value chain operations in all the states of Nigeria. There shall be three categories of membership namely:
- Regular membership shall apply to all cooperative societies (primary cooperatives, Unions, State Federations etc) involved in the food & agribusiness value chain, which operate in or are based in Nigeria.
- Associate membership is opened to other corporate stakeholders in the food & agribusiness value chain which are approved as sponsoring organizations of national or regional prominence which will lend strong support and substantial assistance to the Federation. The associate member will enjoy other power as regular member but do not have voting power.
- Honourary membership is for individuals who in the opinion of the Directors have made an outstanding contribution to Food & Agribusiness Co-operatives and warrant designation as Honorary Members of the Federation and shall enjoy all the rights accorded to the Regular Members pursuant to the Cooperative Society Act and the by-laws of the Federation, with the exception that Honourary Members may not stand for election into the Board, and that participation of Honourary Members at Members’ Meetings shall be limited to that of observers without the right to vote, although they may participate freely in the debate.
REQUIREMENT FOR JOINING FADeN COOPERATIVE LIMITED
a. REGULAR MEMBERS (COOPERATIVE SOCIETY)
- All interested cooperators shall compel their Cooperative society, unions or associations to affiliate with FADeN.
- Affiliation Fee is Twenty Five Thousand Naira (N25,000). This should be paid within 3 months after affiliation
- Cooperators membership registration fee is Three Thousand Naira (N3,000) for individual members of the cooperative. This should be paid within 6 months after registration. It covers issuance of membership debit / identify card and administrative cost.
b. ASSOCIATE MEMBERS
- All associate members shall pay the sum of Fifty Thousand Naira (N50,000) for Affiliation. This should be paid within 1 month of affiliation
- Associate members shall pay an annual membership fee of Twenty-five Thousand Naira (N25,000)
c. HONOURARY MEMBERS
- All Honourary members are chosen by the Board of Director’s and ratified by the General Meeting.