DAILY LAW TIPS
by Onyekachi Umah,Esq.
(Tip 146)
“Disputes Arsing From Co-Operative Society’s Business May Be Resolved By Arbitration But The Arbitration and Conciliation Act Cannot Be Applied to Such Disputes and Proceeding”

Any dispute arsing from the businesses and transactions of a co-operative society may be resolved by arbitrators in an arbitration proceedings upon a referral from the Registrar of Co-Operative Societies. Although such disputes and their arbitration proceedings cannot be subjected to the provisions the extant Arbitration and Conciliation Act. This is to clear the fallacy that disputes arsing from the businesses and transactions of co-operative societies cannot be resolved by arbitration.

My authorities are section 44 and 69 of Co-Operative Societies Act and other similar laws in other states of the Federation.

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