Winners have emerged at the 2018 Nigerian Risk Awards and Summit organised by Conrad Clark Nigeria.
The Nigerian Risk Awards (NRA) recognises organisations that have made measurable impact within their sector through effective application of good governance, risk management and internal control systems and strategies.
It was chaired by the Pro-Chancellor and Ex-Chairman of the Governing Council, Lagos Business School and Pan-Atlantic University, Dr. Christopher Kolade.
Dangote Industries Limited emerged as the winner in the Manufacturing, Production and Industry category.
Lagos State Emergency Management Agency (LASEMA) was awarded for inspiring effective emergency response in Nigeria.
Lagos State Safety Commission (LSSC) was awarded for inspiring safety practice and education in Nigeria.
Association of Enterprise Risk Management Professionals (AERMP) was awarded for promoting risk management awareness and education in Nigeria.
Dr. Olusegun Mimiko (ex-Governor of Ondo State) was awarded for promoting Health, Safety and Emergency Risk Management in Nigeria.
Other awardees at the summit include UBA Pensions, International Institute of Tropical Agriculture (IITA)and Forte Oil.
The panel of judges was made up of 14 risk management professionals and academics across four countries including – Nigeria, United Kingdom, United States and Denmark.
“This year’s award recognises organisations that have successfully integrated and promoted risk management culture and practices. The decision-making process is merit driven and a new metric was introduced to attest the evidence of success made.
This changed the outcome significantly as quiet a lot of companies applied but failed on the part of providing evidence.
All 14 judges participated in the assessment process and ranked all entries on response provided on – what was done by the organization in integrating and promoting risk management culture and practices; when it was done; how it was done; what was achieved and the final metric of evidence of result which carried 30 per cent of the entire rating. To win, any organisation must score a minimum of 70 per cent.”