Share Capital Investment Scheme (SCIS)
In line with Sections 8.1.1, 8.3, & 8.4 of our byelaws, the Society has introduced the Share Capital Investment Scheme (SCIS) as an additional means of generating funds for the Society. The objectives of this scheme include:
- To fulfill the requirements of the byelaw as cited above.
- To reduce the cost of borrowing from banks, hence creating more internal value for Shareholders.
KEY POINTS TO NOTE:
- Each member is allocated up to a minimum of 300,000 shares at a fixed rate of N10/Share.
- Ease of payment is available through various convenient channels.
OPTIONS FOR MEMBERS TO PURCHASE SHARES INCLUDE:
- Outright Purchase
- Payment from Annual Upfront
To subscribe to the SCIS, kindly download, fill, and submit the attached form to dprcoop@gmail.com
Download subscription form
For further inquiries and clarifications, please contact any of the following:
- Francis Marinho - 0803-300-2012
- Ahmad Abdullahi - 0803-373-2888
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