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GOVERNANCE

DIRECTORS’

RESPONSIBILITIES

Statement of Directors’ Responsibilities in relation to
the consolidated Financial Statements for the year

ended 31 December, 2017

The Companies and Allied Matters Act and
the Banks and Other Financial Institutions Act,
require the Directors to prepare financial state-
ments for each financial year that give a true and fair
view of the state of financial affairs of the Company
and Group at the end of the year and of its profit or loss.
The responsibilities include ensuring that the Company
and Group;
I. Keep proper accounting records that disclose, with
reasonable accuracy, the financial position of the Com-
pany and Group and comply with the requirements of the
Companies and Allied Matters Act and the Banks and Other
Financial Institutions Act;

II. Establish adequate internal controls to safeguard its assets and to pre-
vent and detect fraud and other irregularities; and
III. Prepare financial statements using suitable accounting policies support-
ed by reasonable and prudent judgments and estimates that are consis-
tently applied.
The Directors accept responsibility for the annual financial statements, which have
been prepared using appropriate accounting policies supported by reasonable and

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Annual Report & Accounts 2017