Michael Udealor bags Risk Manager at Conrad Clark 6th Nigerian Risk Awards
Nigerian businesses and corporate organisations have been advised to have the skill sets to respond to and handle uncertainties, as the level of uncertainties and crisis in the country require them to have the ability to manage risks.
The Managing Director and Chief Executive Officer, Conrad Clark, Joachim Adenusi, gave the advised at the 6th edition of the Nigerian Risk Leadership Summit and Awards held at the Civic Centre, Victoria Island, Lagos.
This year’s event with the theme ‘Tech’ in Risk Governance
and Leadership’, is an annual event set up to encourage individuals and organisations to celebrate those who have developed creative and innovative solutions to overcome the challenges facing their businesses and organisations.
Adenusi noted that the problem with a crisis is that by the time you get into crisis mode, it is too late to do risk management. He added that it is important for organisations to be in a position where they have an understanding of risks and preempt possible disasters and threats.
“When there is chaos in any governance system, sense of ownership, responsibility or accountability is completely lost, and where there is no structural intervention to bring chaos into order, the system degenerates and this is where I believe technology and its innovative nuances come in,” he said.
Adenusi stated that technological innovations have the ability to help individuals and organisations to take on ownership, become accountable, and assume responsibility, as well as shape behaviours and the way they respond to things.
“Technological innovations can help us identify opportunities, minimize threats and deliver our collective goals and aspirations. The ultimate objective of this year’s theme is to provide tools and techniques for everyone and inspire organisations on the importance of having a system thinking that is beyond sentiments; a system that could complement human capabilities, a system that would create a sustainable future for many businesses and our nation over a long period of time,” he said.
Adenusi said the Awards seek to spotlight individuals, groups, and brands making life better for the ordinary Nigerian by developing creative and innovative solutions in overcoming the challenges facing businesses and organisations, as well as identifying opportunities in Nigeria.
Mr. Kola Adesina, GMD Sahara Power Group, the Award Chair and Mrs. Chizor Malize, MD/CEO Financial Institutions, Training Centre (FITC) as the Summit Chair.
The finalists for this year’s edition were carefully selected by an international panel of judges.
The categories and recipients of the awards are: Special Recognition presented to Hon. Kolade Alabi, Executive Chairman, Conference 57, Lagos State. He was represented by the Vice-chairman, Mrs Adeola Zainot Kuponiyi.
Daar Communications Plc won the Telecoms and Media Services category, while the Best Sustainable Development Initiative award was clinched by Halogen Group. Meanwhile, Chris-Ejik Pharmaceuticals was highly commended by the judges.
Manufacturing & Production Services Category goes to CBI Innovations Ltd.
At the event, Michael Udealor, Risk Lead, Mouka Ltd, emerged the Risk Manager of the Year 2022
The convener, Adenusi said the winner has won a trip to the United States of America. Conrad Clark has sponsored winners of the previous editions to the United States.
“When we take the Risk Manager of the Year to the U.S. and they are talking about what they have done in Nigeria, it gives me personal satisfaction.
The business moguls and dignitaries at the event include
MD/CEO, Sahara Power Group, Kola Adeshina, MD, FITC Nigeria, Mrs Chizor Malize, CEO, Pension Fund Operators Association of Nigeria, Mr. Oguche Agudah and AG. Director of Research and Studies, NIIA, Professor Efem N. Ubi among others.