Presco Bags ICAN Merit Award, Explains Job Creation

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By Goddy Egene

Presco Plc has been honoured by the Institute of Chartered Accountants of Nigeria (lCAN), 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, President of the institute 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.

She 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 in Lagos.

Accompanied by his wife, Fidelia, three board members including Amb Nonye Udo, Chief 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.”

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.

Meanwhile, United Bank for Africa (UBA) Plc has congratulated Presco Plc for emerging recipient of the 2021 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 was 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.”
Also, Fidelity Bank Plc and Stanbic IBTC Bank Limited congratulated Presco Plc on the award.