UBA, Fidelity Bank, Stanbic IBTC Bank, Others Congratulate Presco On ICAN Merit Award


By Moses Ebosele, ebosele@hotmail.com

Photo Caption: Special Guest of Honour, Senator Kola Bajomo(left); President, Institute of Chartered Accountants of Nigeria(ICAN); Managing Director, Presco Plc, Felix Nwabuko; his wife, Fidelia and Chairman, Publication and image committee, ICAN, Mallam Haruna Yahaya  during the presentation of 2021 ICAN Merit award to Presco plc in Lagos

United Bank for Africa (UBA) Plc has congratulated Presco Plc for emerging recipient of the 2021 Institute of Chartered Accountant of Nigeria (ICAN) Merit Award in the Corporate Body Category.

In a congratulatory message Signed by Regional Head, Edo 2, Osaro Giwa-Osagie and Directorate Head, Midwest, Ernest Omorogie, UBA explained that the nomination and award is a clear indication of your (Presco Plc) hard work and excellent leadership, “which as we can already see, is providing the desired results. We therefore commend your efforts and achievements.

“We assure you of our continuous support and utmost commitment to partner with you and your business to ensure greater performance. Once again, congratulations”.

 In a similar vein, the Managing Director, Fidelity Bank Plc,  Nneka Onyeali-Ikpe in a congratulatory message to Presco Plc said: “On behalf of the Board and Executive Management of Fidelity Bank Plc, I heartily congratulate Presco Plc for receiving this year’s ICAN Merit Award in the Corporate Body Category.”

Onyeali-Ikpe added: “This award recognizes Presco’s outstanding contributions to the advancement of the accounting profession in Nigeria, as well as the commendable strides made in job creation and local content development.


“We are proud to be associated with a brand that has continued to push boundaries in it’s quest to develop the country’s agro-allied sector.

“We identify and celebrate with you on this joyous occasion, and while we wish you every success in the future, please know that you have our best wishes”.

Stanbic IBTC Bank Plc in a congratulatory message signed by Consumer Sector Head, Client Coverage, Nnenna Okoro and Head, Corporate & Investment Banking NG, Eric Fajemisin said: “The nomination is well deserved and we believe your organization will benefit immensely from the recognition. Congratulations, once again”.

 In a congratulatory message signed on behalf of PATRICK NDUBUISI &SONS NIGERIA LTD By Patrick Ndubuisi, the company congratulated the management and Staff of Presco Plc for the award: “It has been a very rewarding experience doing business with your organization these past years and we pledge our continued partnership with you in providing outstanding logistics support for your business”.

According to ICAN, Presco Plc was singled out for the 2021 award because of its “exemplary leadership style, dedication, promotion of transparency and accountability”.   

 Speaking at the 2021 ICAN Annual Dinner & Awards, held in Lagos on Saturday,  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”.