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Risk Management And Whistle Blowing



                     Employees are often the first to realize a wrong-doing that is being or has been perpetuated within an organization. They
                     may however choose not to express their concerns as they may sense that speaking up would be disloyal to their
                     colleagues or to the organization.


                     At Waltersmith, we believe that employees should work in an environment that allows them to speak out against
                     infractions and actions deemed inimical to the corporate growth and reputation of the company.

                     Our Whistle-blowing policy supports and encourages its employees to report and disclose improper or illegal activities,
                     and also addresses complaints that allege threats or intimidation against employees who report improper or illegal
                     activities. Our whistle-blower form outlines the necessary steps to be taken in reporting an issue.

                     All reported issues are thoroughly investigated and treated with utmost confidentiality.





                                                         Waltersmith Refinery and
                                                          Petrochemical Company
                                                                         Limited


                                                Danraz Nigeria                                                   Waltersmith Petroleum
                                                       Limited                                                   Resources Limited





                                      Waltersmith Exploration
                                                & Production
                                                                                                                  Waltersmith Petroleum
                                                                                                                  Development Company

                                         ND Western   8.3333%


                                    WSA Owners:                                             Waltersmith Petroman
                                    Abdulrazaq Isa                                          Oil Limited
                                    Danjuma Saleh


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