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ICAN, NGX honour Dangote Cement for excellence in corporate reporting

L-R: Head, External Report, Finance, Dangote Cement Plc, Paul Masvongo; Chief Executive Officer, NGX Regulation Limited, Olufemi Shobanjo;  Chief Financial Officer, Dangote Sugar Refinery Plc, Dr. Isiaka Bello; Deputy Company Secretary/General Counsel, Dangote Cement Plc, Edward Imoedemhe; Head, Sustainability, Dangote Cement Plc, Dr. Igazeuma Okoroba; President, Institute of Chartered Accountants of Nigeria (ICAN), Dr. Innocent Okwuosa;  Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan, at the Event in Lagos         Photo: Dangote Group

*Edward Imoedemhe, Company Secretary/General Counsel of Dangote Cement Plc, expresses gratitude for the recognition, as the company is honoured, in Lagos, at the inaugural Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria and NGX Regulation Limited

Isola Moses | ConsumerConnect

Dangote Cement Plc has been honoured with the top prize at the inaugural Corporate Reporting Award, jointly organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited.

The leading cement manufacturer received the Platinum award for excelling across all three reporting categories, showcasing exemplary reporting practices that comprehensively address all relevant aspects of corporate reporting.

Dangote Group stated the organisers of the event disclosed the scoring criteria involved a combination of average scoring and assessments from individual judges.

Besides the Platinum award, Dangote Cement also clinched the Best in Class Award for Excellence in Corporate Governance, surpassing other nominees, such as Access Holdings, Airtel Africa, ETI, MTN Nigeria, SEPLAT Energy, and Stanbic IBTC Holdings Plc. Airtel Africa and Seplat Energy were recognised for Financial Reporting and Sustainability Reporting, earning Gold and Silver awards respectively in the overall category.

Commenting on the award, Edward Imoedemhe, Company Secretary/General Counsel of Dangote Cement Plc, expressed gratitude for the recognition, emphasising the company’s dedication to corporate reporting standards.

Imoedemhe said the awards would serve as motivation to continually elevate performance in this area.

The Company Secretary/General Counsel also stated: “We are grateful to the organisers for this honour, which is a testament to our commitment to corporate reporting and best practice. We will continue to raise the bar.”

In his remarks, Olufemi Shobanjo, Chief Executive Officer (CEO) of NGX Regulation Limited, highlighted the significance of the award in promoting transparency and accountability among listed companies, anticipating a positive ripple effect on both listed and private companies in Nigeria.

Innocent Okwuosa, ICAN’s 59th President, also underscored the importance of corporate reporting excellence in attracting capital flows to the market.

He emphasised the role of transparency in fostering investor confidence and reiterated ICAN’s commitment to promoting accountability and transparency in the private sector.

Okwuosa said: “It is generally agreed that capitals will flow to markets that foster greater transparency and this effort is aimed at this. It also re-enforces the public interest mandate of ICAN in extending accountability and transparency to the private sector.”

The conglomerate further stated that the maiden Corporate Reporting Award recognised the top 30 most capitalised companies listed on the Nigerian Exchange Limited for the 2022 financial reporting year.

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