Section 54: Prohibition of the use of the word "Co-operatives".

(1) No person, other than a registered society, shall trade or carry on business under any name or title of which the word "Co-operative" is part without the sanction of the Director.
(2) A person who contravenes the provisions of this section is guilty of an offence and liable on conviction to a fine not exceeding N50 and in the case of a continuing offence to a further fine not exceeding N5 for each day during which the offence continues.