The Board and Management of Fortis Microfinance Bank Plc said it has filed its outstanding audited financial report, given that delay was due to unapproval from the regulatory bodes concerned.
The company confirmed in an email statement to the Nigerian stock exchange that the delay was due to the fact that it was awaiting approval for the release and publication of the accounts from our primary regulator, the Central Bank of Nigeria.
Below is the statement:
”The Board and Management of Fortis Microfinance Bank Plc hereby inform its shareholders and the general public that it has filed its Audited Financial Statements for the year ended 31st December 2016 as well as its unaudited 1st and 2nd Quarters 2017 accounts with the Nigeria Stock Exchange. The reason for the delay in filing the Audited Financial Statements was due to the fact that we were awaiting approval for the release and publication of the accounts from our primary regulator, the Central Bank of Nigeria. This delay also had a consequential effect on the filing of the accounts for the Pt and 2nd Quarters of the year 2017.
Now that all outstanding filings at the NSE have been complied with, we have engaged the Nigerian Stock Exchange in discussions aimed at ensuring the lifting of suspension on the trading in the shares of the company and we are very optimistic that this will be implemented soon. Moving forward we shall ensure that all regulatory filings are done timeously.”