WorldStage Newsonline– Stanbic IBTC Holdings Plc has resolved all outstanding issues with Financial Reporting Council (FRC) and finally released its 2015 full year result as well as the financial statement for third quarter2016.
In a statement to the Nigerian Stock Exchange (NSE) on Thursday signed by the Company Secretary, Chidi Okezie, Stanbic informed that the release of FY2015 financial result followed the acceptable settlement reached by both parties, thus FRC authorised the company’s external auditors, Messrs and KPMG Professional Services to sign 2015 audited financial statements.
“In the light of the foregoing and having received all required regulatory approvals, we would be presenting the 2015 audited financial statements to The NSE through the Issuer Portal for onward transmission to the market, as well as subsequent publication as required by law,” the statement read.
The statement also confirmed that the FRC had lifted the suspension of the company’s Chairman, Mr Atedo Peterside; Chief Executive, Mrs Sola David-Borha; Chairman, Audit Committee, Dr Daru Owei and former Chief Financial Officer, Mr Arthur Oginga.
The lifting of the suspension thus authorised them to sign, where applicable, the audited financial statement, the statement noted.
The company however pledged it’s commitment towards abiding by all extant Statues, Rules and Regulations, while appreciating its stakeholders for their support.