• 36 Ogba Road, Oko Village, Benin City
  • 08113233208
  • info@idslcoop.com
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Cooperative of first choice positioned for world-class service delivery

Get quick loan at very competitive interest rates to meet your emergencies

Save more for the rainy day and receive huge returns on your investments

Visit our upgraded Gas Station for all your fuel needs (PMS, AGO, cooking gas, etc) at competitive prices

Update your records to access our digital loan management application for a seamless experience of convenience

Loans

Provision of quick loan remains the hallmark of cooperatives. Only members who have been admitted for more than 12 months are eligible for loans. The Bye-laws also requires that every borrower furnish two sureties or are guaranteed by two persons.

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Savings Withdrawals

Eligible persons are admitted on payment of entrance fee of one thousand five hundred Naira (N1,500) and share purchase of four thousand Naira (N4,000) consisting of 800 shares at N5 each.

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Investments

Members can subscribe for the cooperative’s share on a monthly basis for more dividends on investment in shares. Big investors cash in huge returns every year sharing from appropriated net surplus.

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Our History

IDSL Cooperative Society was registered in 1991 as IDSL (NNPC) Staff Multi-purpose Cooperative Society Limited with the official address as IDSL (NNPC), 36, Ogba Road, Oko, Benin City. This society engages in cooperative activities such as trading and thrift savings to registered members. The membership of the society is open to all employees of the NNPC and IDSL.
The scope of operation of the society has since evolved to include the Provision of Loans, Sales of Consumer Goods, Sales of Petroleum Products, Microfinancing and any other profitable venture. Its membership has grown to over 700 members as at 2019.
Between 2012 and 2018, the society’s gross income and net assets have risen by 122% and 244% respectively. Today, IDSL cooperative society has become the number one choice in the NNPC Group family because of her sheer commitment to service excellence and transparent leadership.

Our Mandate

The primarily objective of IDSL SMPCSL is to promote socio-economic well-being of its members and to provide quality consumers products at affordable prices to achieve maximum advantage. Its specific objectives include the following:

  • To encourage thrift and savings mobilization among the members;
  • To generate funds and extend easy credits to members at fair and reasonable rates for productive and provident purposes;
  • To provide goods and services to members and community at reasonable and affordable rates;
  • To promote and advance the economic, social and educational status of members;
  • To establish, own, lease or operate cooperative ventures, either on wholesale or retail basis, that are profitable, safe and member/community focused.

Mission Statement

To provide world class services to Members that are designed to add value to savings, ensure easy access to friendly credit facilities and enhance the welfare of members through cooperative ventures that are profitable, safe and member focused.

Vision Statement

To be the Cooperative Society of choice in the NNPC Group.

The Leadership Team

IDSL SMPCSL is led by a team of committed professionals that have the interest of the society at heart. The Executive Management is composed on the following officials in line with the society’s Bye-laws.

Executive Management Committee