NPF Microfinance explains inability to post year-end result

The NPF Microfinance Bank Plc has passed the buck for failing to file its audited financial statement for the year ended December 31, 2020, to the Central Bank of Nigeria.

The institution blamed CBN in a statement on Wednesday to inform the Nigerian Stock Exchange, stakeholders and investing public of its inability to meet the March 31, 2021 deadline fixed by the regulator.

In the statement signed by the Company’s Secretary, Osaro Idemudia, the bank said, “The delay in filing is due to the fact that the Bank is yet to receive the approval of our primary regulator; The Central Bank of Nigeria (CBN).

“We have engaged with the CBN to ensure that we receive the required approval to enable us make the financial results public,” the financial institution said.

The NPF Microfinance, however, assured that it would release its audited financial statement on or before April 20, 2021

“We apologise for the inconveniences this may have caused,” NPF Microfinance added.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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