The management of C&I Leasing said that the Nigerian Exchange’s (NGX) temporary suspension of trading in its shares was due to a backlog in regulatory approvals.
Although the company’s financial reports are currently up to date, the firm claims that its operations are governed by numerous authorities for the various components of its services to diverse industries, which has caused a delay in its filings.
“We are actively collaborating with the NGX to address all unfinished regulatory responsibilities. However, we would file for 2021 as soon as the required regulatory permissions were received.
In a statement, the company said: “We humbly ask for 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.”