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Dangote Cement Honoured with Top Prize at Inaugural Corporate Reporting Award

Yusuf Abubakar
By Yusuf Abubakar
Published: May 19, 2024
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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 Maiden Edition of 2024 ICAN NGX Corporate Reporting Award, where Dangote Cement won the Platinum and Corporate Governance Award, in Lagos, on Friday, May 17, 2024.
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 Maiden Edition of 2024 ICAN NGX Corporate Reporting Award, where Dangote Cement won the Platinum and Corporate Governance Award, in Lagos, on Friday, May 17, 2024.
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Dangote Cement has received the prestigious Platinum award at the inaugural Corporate Reporting Award, jointly organized by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited.

The leading cement manufacturer excelled across all three reporting categories, demonstrating exemplary practices that comprehensively address all relevant aspects of corporate reporting.

The scoring criteria combined average scoring and individual assessments by judges.

In addition to the Platinum award, Dangote Cement also clinched the Best in Class Award for Excellence in Corporate Governance, surpassing nominees such as Access Holdings, Airtel Africa, ETI, MTN Nigeria, SEPLAT Energy, and Stanbic IBTC Holdings Plc.

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Airtel Africa and Seplat Energy were recognized for Financial Reporting and Sustainability Reporting, earning Gold and Silver awards respectively in the overall category.

Edward Imoedemhe, Company Secretary/General Counsel of Dangote Cement Plc, expressed gratitude for the recognition, highlighting the company’s commitment to high corporate reporting standards. “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,” he assured.

Olufemi Shobanjo, CEO of NGX Regulation Limited, emphasized the significance of the award in promoting transparency and accountability among listed companies. He anticipated a positive ripple effect on both listed and private companies in Nigeria.

ICAN’s 59th President, Innocent Okwuosa, underscored the importance of corporate reporting excellence in attracting capital flows to the market. He highlighted the role of transparency in fostering investor confidence and reiterated ICAN’s commitment to promoting accountability and transparency in the private sector. “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,” he said.

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The maiden Corporate Reporting Award recognized the top 30 most capitalized companies listed on the Nigerian Exchange Limited for the 2022 financial reporting year.

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ByYusuf Abubakar
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Yusuf Abubakar, Born in the mid-’90s, a recipient of various meritorious awards, a passionate entrepreneur, an advocate of good governance, a toast master and a patriotic Nigerian.
Previous Article L-R: Secretary General, African Petroleum Producers Organization (APPO), Dr. Omar Farouk Ibrahim; Executive Vice President, Business Services NNPC Ltd (Representative of the GCEO NNPC), Mr. Inuwa Danladi; new Chairperson, Forum of the Directors of Oil & Gas Training & Vocational Education Institutes of APPO and Director NNPC Academy, Mrs. Folashade Adekeye and Managing Director, Algerian Petroleum Institute (API), Mr. Abdelkader Guenone, during the second meeting of the Forum, in Abuja, at the weekend. Nigeria’s Folashade Adekeye Named Chairperson of APPO Oil & Gas Training Forum
Next Article Seplat Energy Wins Best in Sustainability Reporting at Inaugural Corporate Reporting Award

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