Integrated agro-industrial company, Presco Plc, has emerged winner of the 2022 Company of the Year award by the Proactive Shareholders Association of Nigeria (PROSAN) in recognition of its contributions to the Nigeria’s agricultural sector.
Managing Director of the company, Mr. Felix Nwabuko, who made this known in a statement, said the award was presented at an investors’ summit held on Thursday in Ibadan, Oyo State.
According to the statement, the Director-General, Securities and Exchange Commission, Mr. Lamido Yuguda, advised shareholders to maintain transparency in their investment activities.
Yuguda, who was represented at the event by Senior Manager, Egbuniwe Obinna and Manager, Obaji Uroro, noted that an ideal shareholder must maintain a positive and constructive relationship with other capital market stakeholders.
The guest speaker, Prof. Benjamin Ehigie of the Department of Psychology, University of Ibadan, urged participants to abide by the rules and put others into consideration in their day-to-day activities.
Ehigie urged participants, especially shareholders to see themselves as part of the company for positive growth and development.
Earlier in his welcome address, the National Coordinator, PROSAN, Mr. Taiwo Oderinde, said that the event was designed to serve as an opportunity for shareholders to evaluate their contributions to the development of the Nigerian capital market.
He also commended the company for its consistent dividend policy in spite of the various challenges.
Other awardees at the event were Alhaji Aliko Dangote, Investor of the year, Tony Elumelu, Alhaji Kabiru Ishiaku Rabiu, NEM Insurance Plc, Nigeria Union of Teachers and Rose-Hill Group Ltd., among others.
Honoured in the shareholders activist category were Mr. Gbenga Idowu, Barr. (Mrs.) Oludewa Thorpe, Mr. Dipo Olasope, SAN, Sir Sunny Nwosu, Mrs. Visit Bakare and Mr. Ariyo Olugbosun.
Others were Dr Umar Farouk, Mr. Nonah Awoh, Chief Matthew Akinlade, Alhaji Ahmad Rabiu, late Asiwaju Akintunde Asalu and Late Chief Aderemi Oyepeju.
Presco is a fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant. It also has an olein and stearin packaging plant and a biogas plant to treat its palm oil mill effluent. It is the first of its kind in West Africa.
