By Binebai Princewill
A leading Nigerian based Multipurpose Cooperative operating under the aegis of Baraza Multipurpose Cooperative (BMC) has charged its members not to panic but be calm as management is working hard to restore normalcy for the benefit of all in the platform.
The leading Multipurpose Cooperative, Baraza made this known to newsmen in Yenagoa on Monday via a statement signed and issued by management of the Cooperative, a copy of which was sent to The Liberator Newspapers Worldwide.
Baraza had in the statement informed its members that the Multipurpose Cooperative has no issue with the Government, stressing that it has not also breached any law of the country that is regulating such business, appealing to its members that management is working to fix the issues at hand.
The statement reads in full below:
BARAZA MULTIPURPOSE COOPERATIVE .
WE ARE COMMITTED TO OUR GOALS AT BARAZA
The management wishes to use this medium to inform all members of our cooperative to remain calm.
As earlier stated in our general meeting via zoom on the 20th of March, 2021, the issues bothering on timely payments are issues that can and will be resolved.
As stated in the zoom meeting we are faced with a situation where abilities to change and withdraw our profits takes five to fifteen working days as against the previous timeline of two to five working days, a situation that has far reaching implications for our man hour trading time. This has greatly affected our ability to meet target profits .
The other issue is regularizations of our payment which is being managed effectively. Our goal is to have a seamless payment system irrespective of top up etc.
We want to reiterate that we do not have any issue with any government agencies . We are a cooperative and are regulated by certain laws which have not been defaulted.
Our inabilities to meet up payment clearly has more to do with our inability to change our currency to our medium of exchange within a short time frame .
Kindly note also that suspension of April payment is done in good faith and in order to allow the management to design such model to combat these issues and serve you better.
Always know that your interest is our primary concern and utmost goal and we will not renege neither will we abandon such noble objective .
To this end we are working tirelessly to manage these issues and we assure you that normalcy will be restored shortly .
We therefore appeal that you remain calm and be very hopeful .