_ WHISTLEBLOWING
Whistleblowing Statement
The Banking System relies on the effective operation of a range of ‘integrity systems’ for keeping the institutions and their management honest and accountable. One of such systems is Whistle-blowing. LECON Finance Company Limited (LECON) Whistleblowing Policy and Procedure is in compliance with the requirements of various regulatory authorities with oversight on the activities of the Finance House, particularly Section 3.1 of the Central Bank of Nigeria (CBN) “Guidelines for Whistleblowing For Banks And Other Financial Institution In Nigeria”, and Section 5.3.1 of “Code of Corporate Governance for Finance Companies in Nigeria”.
LECON Finance Company Limited (LECON) expects the highest level of ethical behaviour from her employees, officers, directors and all stakeholders with whom they deal. The Whistle Blowing Policy is in furtherance of the Finance House’s corporate governance desire to strengthen the system of integrity and fight against unethical behaviour. The Finance House’s Policy on Good Governance stresses the need to identify, report, manage and most importantly, prevent all forms of unethical behaviour by staff, management, directors and other stakeholders in the Finance House
Employees are often the first to realize that there may be something seriously wrong within the Organization. However, they may not express their concerns because they feel that speaking up would be disloyal to their colleagues or to the Organization. They may also fear harassment or victimization. In these circumstances, it may be easier to ignore the concern rather than report what may just be a suspicion of malpractice
However, part of the corporate and social responsibility is to protect the interest of people, property and other resources which the Finance House owns, controls or is responsible for in a fiduciary capacity
That responsibility confers the obligation on all to expose acts and omissions which could be detrimental to the interest of all stakeholders in the Finance House collectively or individually.
The obligation is on all, by all and through all.
LECON Whistle Blowing Policy attempts to provide an enabling and protective environment to all stakeholders in the Finance House to disclose information about an event, act or omission that they reasonably believe will impact negatively on the Finance House, any of its stakeholders and the general public should it occur.
The Policy is committed to the highest possible standards of openness, probity and accountability. In line with that commitment, we expect employees and everyone that we deal with, who have serious concerns about any aspect of the Finance House’s activities, to come forward and voice those concerns. It is recognized and understood that all cases will have to be treated on a confidential basis.
The Policy sets out the processes and procedures for communicating and disclosing information and how such information will be investigated.
Disclosure of concerns shall be made directly to the designated channels or where thought necessary by the complainant, to relevant senior staff.
Most importantly, the Policy aims to protect the whistle blower from reprisals, reprimand, dismissal or discriminatory treatment arising from the making of the complaint or disclosure of the information regarding the act.
Therefore, any person desirous of reporting unethical behaviour may do so through any of the following channels:
Send an email to [email protected]
Make a report using the online Whistleblowing Reporting Form/Portal provided on the LECON’s website (www.boilecon.com).
Call our dedicated whistle-blowing Hotline: +234 552 488 95
Send mail through P.O. Box 2012, Marina, Lagos.
Whistleblowing Policy
Please Click the Link Below to see the Bank’s Whistleblowing Policy