Presco Bags ICAN Merit Award, Renews Expansion Agenda


By Moses Ebosele,

Special Guest of honour, Senator Kola Bajomo(left); President, The Institute of Chartered Accountants of Nigeria(ICAN); Dame Onome Adewuyi, Managing Director, Presco Plc, Felix Nwabuko and his wife, Mrs Fidelia during the presentation of 2021 ICAN Merit award to Presco plc at the ICAN 2021 Annual Dinner and awards in Lagos 

The Institute of Chartered Accountants of Nigeria (lCAN), at the weekend, in Lagos State, honoured Presco Plc with its prestigious merit award.  


According to ICAN, Presco Plc was singled out for the award because of its “exemplary leadership style, dedication, promotion of transparency and accountability”.  

 Speaking at the 2021 ICAN Annual Dinner & Awards, ICAN President, Dame Onome Adewuyi commended Presco Plc for creating jobs for thousands of Nigerians especially in Edo, Delta States and other locations.  

Making reference to Presco’s waste to wealth policy, Adewuyi commended staff, board and management of the company for their dedication to the Nigerian economy.  

 Besides, ICAN president noted that Presco firmly believes in environmentally friendly and sustainable operation, adding that, “All factory wastes from the oil mill are recycled into the plantation or used as fuel to generate green process steam and energy“.  

 Adewuyi explained that Presco Plc now rely majorly on green energy for its operation, adding the Institute was very proud of the positive developments at Presco Plc.

Receiving the award, Managing Director of Presco Plc, Felix Nwabuko thanked the Institute, special guest of honour, Senator Kola Bajomo and all past presidents of ICAN present at the event held at Oriental Hotel, Victoria Island.

Accompanied by his wife, Fidelia, three board members including Amb Nonye Udo, Chief (Dr) Bassey Edem, Mr Osa Osunde, senior management team and friends of Presco Plc, Nwabuko said: “We are doing what we think we should do to contribute to the economy of Nigeria.”

 Senior management staff of Presco Plc, present at the event were Relations Manager, Anthony Uwajeh, Chief Account Officer, Mr Peter Ikenweazu and Marketing Manager, Mr Jagadish Kumar.

Commending staff of the company for their professionalism and dedication, Nwabuko said: “We are humbled and overwhelmed by the vote of confidence this award has brought to us”.

He attributed positive developments at Presco Plc to team work, adding “We will  double our efforts”. 

 He said efforts are in top gear to  generate more jobs in Edo, Delta and Rivers States from about 8,000 to between 11,000 and 40,000 in future.

 Nwabuko was full of praise for all stakeholders who make it possible for Presco Plc to put food on the tables of thousands of Nigerians.

 Also honoured were five members, two non-members and Bua Group.

  The members and the non-members are: Philanthropist and Chairman of   Main One Cable Company Limited, Fola Adeola, Albert Folorunsho, Otunba Olusola Adekanola, Alhaji Kabir Alkali Mohammed, Major Gen (rtd) Sebastian Achulike Owuama, Emeritus Professor Godwin Sogolo and Secretary to the Government of the Federation, Boss Mustapha.