Sunbeth Global Concepts recently received the Managing Director of the Nigerian Export-Import Bank (NEXIM) Abubakar Abba Bello and his entourage at its headquarters in Akure.
The delegation paid a courtesy visit to SGCL as an expression of NEXIM’s commitment to fostering better relationships with the bank’s existing and prospective clients.
L-R Paul Iduoriyekemwen (Nexim), Adeyemi Aduwo (SGCL Head of Treasury), Folarin Tiamiyu (Nexim,) Abba Bello (MD, Nexim), Ibraheem Ganiyu (SGCL Head of Finance), Bolarinwa Olaniyi (SGCL Acting Head of Internal Control), Edafe Sakoko (Nexim)
SGCL’s head of Finance, Mr. Ibraheem Ganiyu, received and took the highly-regarded visitors on a tour of the company’s warehouses, trucks, and other facilities. At the end of the tour, the visiting party had only positive remarks and satisfactory commentaries about everything they saw.
The MD’s courtesy visit came in the wake of NEXIM’s quarterly monitoring and due diligence procedure, which had been conducted a few weeks prior.
As part of the bank’s due diligence process, its representatives regularly visit export operators it has relationships with, such as SGCL, to evaluate their processes, including sourcing, quality control, logistics, and compliance with all relevant regulations.
The NEXIM monitoring and due diligence delegation, which had earlier visited SGCL, comprised Paul Iduoriyekemwen, Folarin Tiamiyu, and Umar Yahaya from the bank’s risk management team. The three individuals are experts in export financing with significant experience in operational assessment and portfolio monitoring.
L-R Adeyemi Aduwo (SGCL Treasury Head), Folarin Tiamiyu (Nexim), Umar Yahaya (Nexim), Ibraheem Ganiyu (SGCL Finance Head), and Paul Iduoriyekemwen (NEXIM)
During the visit, the team evaluated SGCL’s quarterly financial performance, focusing on export sales volume and the amount repatriated from export revenue from the beginning of the year (to date).
The visit also provided an opportunity for key discussions regarding several critical topics. Some of the crucial points discussed included.
Quality Control Measures
The representatives discussed the significance of maintaining consistent quality standards for export products. They reiterated the importance of adherence to international quality requirements and certifications required by specific export markets.
Market Diversification
The team also discussed the benefits of diversifying export markets to reduce dependency on a single market and mitigate risks associated with fluctuations in demand and currency exchange rates.
Financial Reporting and Repatriation
As mentioned, the delegates reviewed SGCL’s financial performance to ensure transparency and accuracy. They also inquired about the fulfilment of its repatriation obligations, emphasising its importance and how it contributes to growing the country’s economy.
Nexim Delegates With SGCL Staff Members
A few days later, SGCL also received dignitaries from FirstBank Nigeria. The representatives, which consisted of Taiwo Eleshinla, Murital Adeyemo, Frederick Uyinmhin, Oluseye Thomas, Fabian Duru (FirstBank), and Paul Ajiboye, paid a courtesy visit to the company to strengthen existing relationships and discuss future growth prospects.
L-R Taiwo Eleshinla (FirstBank), Murital Adeyemo (FirstBank), Frederick Uyinmhin (FirstBank), Oluseye Thomas (FirstBank), Oluwaseun Famakinwa (Head of Human Resources SGCL), Ibraheem Ganiyu (Head of Finance SGCL), Fabian Duru (FirstBank), Paul Ajiboye (FirstBank)
The chain of visitations to SGCL by highly-regarded personnel from Nexim and FirstBank Nigeria is a positive indicator that the company is moving in the right trajectory and attracting interest from the right quarters. It reflects the significant strides SGCL has made in the agricultural produce export sector and its contribution as a major exporter of cocoa and cashew nuts.
Company Overview:
Sunbeth Global Concepts is a leading player in the large-scale agricultural produce export industry. It engages in large-scale export of cocoa, cashew nuts, and other similar commodities. We specialise in sourcing high-quality agricultural products from local farmers and exporting them to international markets.
