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 primary 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:

1. To encourage thrift and savings mobilization among the members;
2. To generate funds and extend easy credits to members at fair and reasonable rates for productive and provident purposes;
3. To provide goods and services to members and community at reasonable and affordable rates;
4. To promote and advance the economic, social and educational status of members;
5. 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 of officials in line with the society’s Bye-laws.

Executive Management Committee

• President
• Vice President
• Secretary
• Assistant Secretary
• Treasurer
• Financial Secretary
• Legal Practitioner
• Audit Committee

Latest Publications