{"id":54393,"date":"2025-09-05T16:31:58","date_gmt":"2025-09-05T14:31:58","guid":{"rendered":"https:\/\/swissgrc.com\/en\/?post_type=news&p=54393"},"modified":"2026-08-20T16:05:52","modified_gmt":"2026-08-20T14:05:52","slug":"flour-mills-of-nigeria-fmn-sets-new-standards-in-corporate-governance-with-swiss-grc","status":"publish","type":"news","link":"https:\/\/swissgrc.com\/en\/news\/flour-mills-of-nigeria-fmn-sets-new-standards-in-corporate-governance-with-swiss-grc\/","title":{"rendered":"Flour Mills of Nigeria (FMN) sets new standards in Corporate Governance with Swiss GRC\u00a0"},"content":{"rendered":"\t\t
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Flour Mills of Nigeria (FMN), a diversified pan-African consumer-centric food and agro-allied business, has selected Swiss GRC as its trusted solution partner to strengthen its Governance, Risk, and Compliance (GRC) framework. A decision that was made in line with the Group\u2019s unwavering commitment to superior quality outcomes in line with global standards and best practices. <\/span><\/strong><\/p>\n

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After a competitive evaluation, FMN selected Swiss GRC\u2019s integrated platform covering Enterprise Risk Management<\/a>, Internal Controls<\/a>, Corporate Compliance, Internal Audit<\/a>, and Incident Management. <\/span>By implementing the GRC Toolbox, FMN will unify its assurance functions within one integrated, user-friendly system. <\/span>Designed to deliver lasting value and flexibility, the solution enables FMN to strengthen oversight and address risks more effectively.<\/span><\/span>\u00a0<\/span><\/p>\n

Boye Olusanya, Group CEO of FMN, remarked: \u201cImplementing a new Governance, Risk, and Compliance (GRC) solution is essential for our organization as it enhances our ability to navigate regulatory landscapes and mitigate risks effectively. This innovative partnership will provide us with advanced tools for real-time compliance monitoring, improved data analytics for informed decision-making, and a streamlined governance framework that fosters accountability. By strengthening our GRC practices, we not only protect our assets but also enhance our reputation and operational efficiency, ultimately driving long-term value for our stakeholders.\u2019\u2019<\/p>\n

Commenting on the partnership, Besfort Kuqi, <\/span>Founder & <\/span>CEO of Swiss GRC, said:<\/span> “<\/span>This partnership demonstrates FMN\u2019s commitment to transforming <\/span>GRC<\/span> into a source of business value. With our platform, FMN will <\/span>benefit<\/span> from stronger controls, better decision-making, and greater organizational resilience.”<\/span><\/span><\/p>\n

Rajeev Dutt, General Manager MEA & APAC at Swiss GRC, emphasized<\/span>:<\/span> “<\/span>FMN is a lighthouse project for us in the region. <\/span>Our focus is on delivering fast, reliable, and <\/span>flexible <\/span>implementations, ensuring that clients like FMN can quickly realize value<\/span>.”<\/span><\/span><\/p>\n

Waltonio Percival-Deigh, Group Director, Business Assurance, FMN stated: \u201cAt FMN, we are committed to upholding the highest standards of governance, transparency, and operational excellence. By adopting Swiss GRC\u2019s platform, we are equipping our teams with innovative tools to proactively manage risks, strengthen internal controls, and ensure compliance with international standards. This partnership reflects our dedication to creating sustainable value for all stakeholders while reinforcing our resilience in an evolving business environment.\u201d<\/p>\n

The collaboration between FMN and Swiss GRC, made possible through the trusted local partner GCET Limited, highlights the growing importance of advanced GRC solutions in West Africa. As one of the region\u2019s most prominent companies, FMN is setting a benchmark for governance and accountability. Together with GCET, Swiss GRC continues to deliver on its mission to simplify complexity for clients \u2014 researching current and future GRC needs, ensuring business models evolve with time, and providing complete solutions dedicated to supporting business KPIs with speed, accuracy, and efficiency. This partnership demonstrates how digital transformation in governance and risk management can provide organizations with a true competitive advantage.<\/p>\n

Solomon Awosina, COO & CTO of GCET Limited, commented: \u201cWe are proud to have played a key role in bringing Swiss GRC and Flour Mills of Nigeria together. At GCET, our goal is to simplify complexity and enable organizations to embrace the future of governance, risk, and compliance. This partnership is an important step in transforming how businesses in West Africa manage risks and compliance, helping them gain speed, accuracy, and efficiency while building resilience for long-term success. Looking ahead, GCET is committed to further promoting Swiss GRC\u2019s innovative solutions in the region, ensuring more organizations can benefit from their adaptability and impact.\u201d<\/p>\n

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About Flour Mills of Nigeria (FMN)<\/span><\/b>
<\/span>Incorporated on the 29th of September 1960, as a Limited liability company and pioneer wheat miller in Nigeria, Flour Mills of Nigeria (FMN) started out on a journey that has seen the company evolve into what is now one of the biggest brands in the food and agro allied sector in Africa. The Group has made strategic investments that drive development across its key value chains of Grains, Sugar, Cassava starch, Feeds & Protein, and Edible oil, & fats. For over six decades, FMN has been committed to its purpose of \u2018Feeding and Enriching lives, Every Day. The organization has maintained a rich tradition of enhancing the quality of living for millions of families by producing a wholesome portfolio of food options through the company\u2019s iconic food brand, \u201cGolden Penny\u2019, a household name that is trusted by many for good food and for daily nourishment.<\/p>\n

For more information, visit: <\/span>www.fmnplc.com<\/span><\/a>\u00a0<\/span><\/p>\n

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Flour Mills of Nigeria (FMN), one of the largest and most diversified food and agro-allied groups in West Africa, has chosen Swiss GRC to strengthen its Governance, Risk, and Compliance (GRC) program. With this strategic move, FMN is taking a pioneering role in advancing GRC practices across the region. <\/p>\n","protected":false},"author":28,"featured_media":54394,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_eb_attr":"","_swissgrc_real_author":"Shayeste Afzaly","real_author_title":"Marketing Manager","real_author_bio":"Shayeste Afzaly is a Marketing Manager at Swiss GRC, focusing on the operational implementation of marketing initiatives and brand activities. She supports campaigns across digital and offline channels and contributes to a target group\u2013oriented, data-driven execution.","real_author_photo":69065,"_links_to":"","_links_to_target":""},"categories":[23,30],"tags":[],"class_list":["post-54393","news","type-news","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-industry-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t