C & I Leasing has explained the reasons behind the delay in timely filing of its 2021 Audited Financial Report leading to suspension of trading on its shares by the Nigerian Exchange limited (NGX).
In a statement, the company noted that despite having up to date financial statement, it is constrained by the guidance of multiple regulators regarding various aspects of its services to different sectors.
The statement read: “Our attention has been drawn to media reports regarding the temporary suspension of Trading in our Shares by the Nigerian Exchange.
“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.
“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.
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.”
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