2012 Annual Report & Financial Statements - UBA Plc

51
Audit Committee Report
TO MEMBERS OF UNITED BANK FOR AFRICA PLC
In accordance with the provision of section 359[6] of the Companies and Allied Matters Act, we the members of the Audit Committee hereby
report as follows:
– we confirm that we have seen the audit plan and scope and the management letter on the audit of the accounts of the Bank and the
responses to the said letter;
– in our opinion, the plan and scope for the period ended 31 December 2012 were adequate. We have reviewed the auditors’ findings and we
are satisfied with the Management responses thereon;
– we also confirm that the accounting and reporting policies of the Bank are in accordance with legal requirements and ethical practices; and
– as required by the provisions of the Central Bank of Nigeria circular 85D/1//2004 dated 18 February 2004 on ‘Disclosure of Insider-Related
Credits in Financial Statements’, we reviewed the insider-related credits of the Bank and found them to be as analysed in the financial
statements as at 31 December 2012.
MEMBERS OF THE AUDIT COMMITTEE ARE:
1. Mr Matthew Esonanjor – Chairman/shareholder
2. Mr Wale Ariyibi – Shareholder
3. Alhaji Umar Al-Kassim – Shareholder
4. Mrs Foluke Abdulrazaq – Non-Executive Director
5. Ms Angela Aneke – Non-Executive Director
6. Amb Joe Keshi – Non-Executive Director