NIGERIAN CO-OPERATIVE SOCIETIES ACT
Section 49: Settlement of disputes.
(1) If a dispute touching the business of a registered society arises-
(a) among present or past members and persons claiming through present or past members and deceased members; or
(b) between a present, past or deceased member and the society, its committee or any officer, agent or servant of the society; or
(c) between the society and any other committee and any officer, agent or servant of the society; or
(d) between the society and any other registered society, the dispute shall be referred to the Director for settlement.
(2) A claim by a registered society for any debt or demand due to it from a member or nominee, heir or estate of a deceased member, shall be deemed to be a dispute touching the business of the society within the meaning of subsection (1) of this section.
(3) The Director shall on receipt of a reference under subsection (1) of this section-
(a) settle the dispute; or
(b) subject to the provisions of any regulations made under this Act refer it to an arbitrator appointed in accordance with regulations made under this Act for disposal.
(4) A decision made by an arbitrator under paragraph (b) of subsection (3) of this section shall, except as otherwise provided in subsection (6) of this section be final.
(5) The decision shall, on the application of the party in whose favour it is made, be enforced by any court which has jurisdiction in a civil suit between the parties to the dispute to give a judgment for the payment of the amount awarded or, where the decision does not relate to the payment of money, to give a similar decision in the same manner as if the decision has been a judgment or decision of the court.
(6) A party aggrieved by a decision of the Director or of the arbitrator made under the provision of subsection (4) or (5) of this section may appeal to the Minister or the Commissioner, as the case may be, within 30 days from the date of the decision and the decision of the Minister or the Commissioner shall be final and conclusive.
Cite this section
Section 49, NIGERIAN CO-OPERATIVE SOCIETIES ACT (1993).
https://repo.podus.ai/laws/nigerian-co-operative-societies-act/section/49/