By Chioma Obinagwam
C&I Leasing, on of Nigeria’s largest equipment leasing and rentals companies, has explained the delay behind the filing of its 2021 Audited Financial Statements and recent suspension of the trading of its shares on the Nigerian Exchange (NGX).
Confiance News gathered from the company on Sunday.
It noted that owing to its line of operations, it requires the approval of regulators from various industries to file its report.
“Significantly, our operations are guided by multiple regulators for the different aspects of our services to various industries, which has delayed our filings even though our financial reports are presently up to date,” the company affirmed.
C&I Leasing added that it is in consultation with the regulators to achieve the filing.
“We are actively engaging with the Nigerian Exchange (NGX) to resolve all outstanding regulatory obligations.
“Nonetheless, we would submit our 2021 filings as soon as the necessary regulatory approvals have been obtained,” the company disclosed in a statement.
“We crave the indulgence, and understanding of the general public, and also wish to reassure our shareholders and other stakeholders including all our esteemed customers of Management’s commitment to good corporate governance and global best practices in all our dealings,” it continued.
