Staff Cooperative Investment and Thrift Society Ltd (COOPLAG) is registered by the law according to the Nigerian Co-operative Societies Act 98 of 1993 and
supervised by the Federal Department of Cooperatives.
operations in Lagos in 1987 under the Laws of the Lagos State Department of
Cooperatives of the State Ministry of Agriculture Lagos State.
certificate of registration was issued to the society by the Lagos State
Government on the 24th day of January 1990 with registration number 905.
was first registered as Shell (Lagos Island) Staff Cooperative Thrift and
Credit Society Limited, and then renamed, The Shell Staff Multipurpose
Cooperative Society until 2008 when it started operating under the Federal
Department of Cooperatives and changed its name to The Shell Staff Cooperative
Investment and Thrift Society Limited.
was established by the staff of Shell Companies in Nigeria. The Headquarters is in
Lagos with branch offices in Warri and Port-Harcourt. It currently has about
The society had the following as its pioneer executives:
The society was mid-wifed by the then HR department and the
managed by a 7-Man Management Committee which serves as the Board of the
Cooperative and chaired by the President. They are elected into offices by the
members. A member of the Committee is elected to run for an
of two years and is qualified to contest and run for another two years should
he/she win the election.
business is mainly savings, loans and investments.
provide welfare services to our numerous members and stakeholders using highly
motivated professional workforce with state of the art technology to generate
reasonable returns on investment and produce standard reports to our members
while touching positively on the communities where we operate
be a one-stop-shop for members and stakeholders' socio-welfare needs.
are based on the values of self-help, self-responsibility, democracy, equality,
equity and solidarity. In the tradition of their founders, co-operative members
believe in the ethical values of honesty, openness, social responsibility and
caring for others.