NAHCO Wins Global Risk Award in UK


The Nigerian Aviation Handling Company PLC (nahco aviance) has won the Global Risk Awards 2016 in the UK.

The handling company explained the awards covered 13 categories in 40 countries; and was one of the most coveted risk management awards in the world. “It was at this event, where global players were in attendance, nahco aviance demonstrated the its resilience spirit by coming tops in probably the most competitive category, ‘Excellence in the Face of Adversity’”, the company said.

The category had as shortlists, world-renowned ArcelorMittal (UK), Leicester City Council (UK), Nigerian Aviation Handling Company PLC (nahco aviance) (Nigeria), Roy Hill Holdings Pty Ltd (Australia) and Council Services and Chancellery, University of Newcastle (Australia). At the end of it all, NAHCO emerged winner.

The Head, Enterprise Risk Management, nahco aviance, Mr. Wale Akinwale, who picked up the award on behalf of the Company expressed satisfaction with the performance of the Company. He said the “Excellence in the Face of Adversity” award was well deserved by NAHCO. He also expressed the desire by the Company to win the overall award at the ceremony next year.

The overall award was won by ArcelorMittal for last year.

“When you put into consideration the circumstances under which nahco aviance operates, you will no doubt agree with me that we deserved this award,” Akinwale stated, adding that the Company is not resting on its oars.

Only last month, nahco aviance emerged the overall winner in the Public/Technology/Healthcare/Transportation & Aviation Industry category of the 2015/2016 edition of the Nigerian Risk Awards.

Some of NAHCO’s achievements that delighted judges were its record of a 99.6 percent reduction in cargo claims in the year under review, from N53 Million in 2014 to less than N200, 000 in 2015.

It recorded zero percent in aircraft damages. Also, cargo claims payment went down from N53, 434,096.03 in 2014 to just N177356.78 in 2015.

“The Company achieved all these despite the threat of economic collapse due to 2015 general election fears, highly volatile foreign exchange rates, which led to reductions in cargo volumes and passenger numbers, crippling fuel scarcity situations, which grounded many organizations to a halt and in the face of an unethical industry competition,” it said.