StanbicIbtc press release regarding the released of Audited Financial Statement and the lifting of suspension of four members of the Board of Directors of the Bank.
We are pleased to announce the release of the Audited Financial Statements of Stanbic IBTC Holdings PLC for the year ended 31 December 2015. This release follows our reaching an acceptable settlement with the Financial Reporting Council (“FRC”), pursuant to which the FRC has authorized our external auditors, Messrs. KPMG Professional Services to sign our 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.
In addition to the above, we also confirm that the FRC has lifted the suspension of the FRC Numbers of the following individuals and further authorizes them where applicable, to sign our Audited Financial Statements:
Mr. Atedo N.A. Peterside CON (Chairman)
Mrs. Sola David – Borha (Chief Executive)
Dr. Daru Owei (Chairman, Audit Committee)
Mr. Arthur Oginga (our erstwhile Chief Financial Officer)
We thank The NSE and other stakeholders for their support and Stanbic IBTC will continue to abide by all extant Statutes; Rules and Regulations.
21 December 2016