Mr Bello Rasheed, the President of the society, made this known in an interview with the News Agency of Nigeria in Abuja on Friday.
Rasheed said that the estate (Golden Wheel Estate) located in Kaigini, Abuja, was initiated to ensure that members of the society owned good houses in Abuja with ease.
“Many of our members kept complaining that they found it difficult to own their personal homes in Abuja due to the high cost of landed property in the Federal Capital Territory (FCT).
“That prompted us to initiate the process and got the land in Kaigini through the assistance of the FCT Administration.
“Work has since commenced on the land and by the end of 2016; the estate would be ready to accommodate our members.”
Rasheed advised workers and other low income earners, particularly those in the employment of government at all levels, to take advantage of cooperative societies in their workplaces to enable them to execute capital intensive projects.
“The idea of cooperative is very good for workers because, through the little savings they make on a monthly basis, they could be able to execute capital projects like owning houses and cars.
“We even have a programme called “zero-tolerance for used cars“ through which we encourage and assist our members to acquire brand new vehicles instead of the “Tokunbo“ cars.
“This has endeared the idea of membership of the cooperative society to most staff members of PPMC.”
He advised similar societies in other organisations to adopt probity and accountability so that members could repose their trust in them.
“I understand that staff members in many organisations are usually skeptical about the idea of cooperative because they do not trust their leadership.
“I advise them to ensure that leadership of their cooperative societies are credible and trustworthy colleagues; this will ensure that their savings are not plundered by corrupt individuals,” he said. (NAN)
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