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The May & Baker Staff Thrift and Credit Society Limited commenced operations in 1982 with registration number 99999 of 11th January 1989 under Section10 of Cooperatives Societies Laws, Cap. 29 Laws of Lagos State, 1973. The activities of the Society were members who are spread all over the states of the federations was coordinated through the Secretariat in Lagos. It was re-registered as the May & Baker Staff Multi-Purpose Cooperative Society Limited, by the Registrar of Co-operatives Abuja, on 29th October 1997 with registration number 1001. The Secretariat of the Society thus moved from Lagos to Abuja.
May & Baker CMS is not a subsidiary of the May & Baker, but it is a corporate body jointly owned by its members comprising serving May & Baker Staff, Pensioners, and Retirees. The Society as a corporate body is quite distinct from the owners; can sue and be sued and can own property in its name and as approved by the Co-operative Act/Regulations.
The Society currently has over 300 members spread across all the States of the federation. The May & Baker Cooperative has continued to promote the wealth and welfare of members through the spirit and practice of mutual help. ‘’All for each, Each for All’’ The Society has over the years assisted members in planning their resources through effective thrift, and credit schemes. Members have met several of their personal and financial goals such as Career development and training, housing needs and acquisition of assets through many of products and services of the Society, and academic achievements of wards and dependents. The Society has equally evolved a channel for investment planning and wealth management for its members.
The May & Baker CMS is currently exploring other areas of opportunities for its members and by this, the Management Committee has developed a strategic road map through which its members can harness available possibilities in various sectors of the Nigerian and global economy. The general management of its affairs is entrusted in the “Management Committee” (MC) which is a body of democratically elected Executives. The Management Committee is made up of thorough bred professionals who have proven competence and trust in the management of the collective wealth of members.
Our vision is to be a leading force for economic empowerment and social cohesion, fostering a vibrant and resilient community where every member has the opportunity to flourish. We envision a future where cooperative values of cooperation, democracy, and solidarity drive sustainable development, innovation, and prosperity..
Our mission is to empower our members and strengthen our community through cooperative principles of solidarity, equality, and mutual support. We strive to provide accessible financial services, promote economic opportunity, and enhance the well-being of our members and the communities we serve. Guided by our values of cooperation, transparency, and social responsibility, we are committed to fostering a sustainable and inclusive society where every member has the opportunity to thrive
Our core values reflect our guiding principles and beliefs that shape our operations, governance, and interactions with our members, stakeholders, and the community. These values are derived from the cooperative principles and serve as the foundation for our mission, vision, and identity.
May & Baker Cooperative society offer a variety of services to our members, each designed to meet specific needs and goals.
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