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West Multipurpose Cooperative Society Limited, popularly known as Coopwest, was established in March 1993 following an approval granted by the management of the western Division of Shell Petroleum Development Company of Nigeria Limited to a proposal submitted by Messrs. Iyiola Kuyoro and Sunny Odutola for the establishment of cooperative society to take care of the welfare needs of employees in the division.

The inaugural general meeting of the society held on 2nd March 1993 was attended by 52 intending cooperators who signed a resolution to become members of the society. The society was subsequently granted a certificate of registration No. 547 by the Director of Cooperatives in the Delta state Ministry of Commerce, Industry, Cooperatives & Tourism on 17th January 1996.