Wednesday, April 03, 2019 01:00PM / NSE
The Board of Directors and Management of Omoluabi Mortgage Bank Plc wishes to notify its shareholders and other stakeholders of the delay in submission of its Audited Financial Statement (AFS) for the year ended 31st December, 2018.
The delay is necessitated as a result of the implementation of IFRS 9 into our financials and the further checks and validation required to bring it to the level that would get them approved by the Central Bank of Nigeria.
We are optimistic of the prompt resolution and subsequent submission of the AFS to The Exchange not later than 30 June, 2019.
Consequently, the approval of the Exchange has been sought and obtained for the extension of time to file the 2018 AFS.