Nigerian Co-operative Societies Act.

This Act provides for the registration and administration of co-operative societies, duties and privileges of registered societies and rights and liabilities of members, provides for the settlement of disputes between co-operative societies and other institutions or its members, and the division and amalgamation of co-operative societies.The President may appoint the Federal Director of Co-operatives for the registration and control of co-operative Societies. A registered society which has as one of its objects the disposal of any article of agriculture, animal husbandry, forestry, fisheries produced by its members, may provide for such disposal in its bye-laws or by contract with its members. A charge in favour of a registered society may be created on all crops, forest produce, marine produce, fish, livestock, fodder, agricultural, industrial and fishing implements. A charge created in favour of a registered society by a member of that society in respect of a produce of his agriculture or his land shall not be subject to compulsory registration under other law.