Board Committees

The Board has approved the constitution of two Board Committees - namely the Risk, Audit & Finance Committee and the Governance & Remuneration Committee - with their respective responsibilities and roles clearly defined. Furthermore, a Statutory Audit Committee (SAC) has been established in compliance with section 359 (3) of the Companies and Allied Matters Act Cap C20 LFN 2004, which requires every public company to establish a SAC composed of an equal number of its directors and representatives of the shareholders.

The effectiveness of the Board is evaluated by Deloitte Corporate Services Limited (DCSL) on an annual basis with the report presented at the AGM and a copy also sent to the Central Bank of Nigeria (CBN). This evaluation involves a review of the Board's structure, composition, responsibilities, processes and relationships, as well as individual members' competencies and respective roles in the Board's performance.