Dangote Cement Plc Annual Report 2021 slide image

Dangote Cement Plc Annual Report 2021

Social continued Anti-corruption We do not tolerate any form of bribery, corruption and anti- competitive behaviour in our operations. We have an anti- corruption policy that expatiates on DCP's zero tolerance to all forms of fraud including but not limited to: bribery and corruption, asset misappropriation and financial statements fraud. The policy is binding for all employees regardless of their level and position. We are committed to investigating any fraud or suspected fraud without regard to the career level of the individuals involved. We had 15 confirmed cases of bribery and corruption in the year under review as against 28 cases in 2020. A Board-approved policy on the referral of internal audit investigated cases of bribery and corruption is currently in place. Anti-corruption training We conduct periodic training on anti-corruption to scale up knowledge and awareness among employees and to reduce bribery and corruption in our operations. In 2021, we had a total of 36 anti-corruption trainings for 2,791 staff expending a total of 36 training hours in our operations in Nigeria and Pan-Africa. ā†“ 2020 28 confirmed cases of bribery and corruption 2021 15 confirmed cases of bribery and corruption Bribery and corruption cases in 2021 by location Cases of bribery and corruption Dangote Cement Plc (DCP) and Dangote Cement Plc Transport (DCP Transport) Number of confirmed cases of bribery and corruption Country 2021 2020 2019 2018 Nigeria - HQ 1 2 0 O Fraud Cameroon 1 4 2 4 Congo 2 4 3 0 Ethiopia 3 4 1 0 52 Dangote Cement Plc Annual Report 2021 Internal Audit to provide explanations for 2021 Description of cases Non-compliance to due diligence in issuance of AGO to a third party contractor. 1. Breach of Company policy 2. Breach of Company policy 1. Theft 2. Non compliance to employment process. 3. Theft and abandonment of truck by third-party driver. Actions taken on confirmed cases of bribery and corruption Case reported to the law enforcement agency in line with Company policy. Disciplinary action taken against the responsible staff in line with Company policy. 1. Disciplinary action taken against the responsible staff in line with Company policy. 2. Disciplinary action taken against the responsible staff in line with Company policy. 1. Full recovery of value of asset from the responsible third party. 2. Management strengthened control around employment process by ensuring that all employment contracts are signed by the Country Manager. 3. Full recovery of value of asset from the responsible third party.
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