TOTALENERGIES MARKETING NIGERIA PLC

ANNUAL REPORT

2021

TABLE OF CONTENTS

Corporate Profile ................................................................................................................................................ 2

Mission Statement ............................................................................................................................................. 3

Directors, Officers and Professional Advisers ............................................................................................... 4

Corporate Directory ........................................................................................................................................... 5

Results at a Glance ............................................................................................................................................ 6

Notice of Annual General Meeting ................................................................................................................... 7

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Board of Directors Profile ............................................................................................................................... 12

Report of the Directors .................................................................................................................................... 15

Statement of Corporate Responsibility ........................................................................................................ 21

Corporate Governance Report ........................................................................................................................ 22

Statement of Directors Responsibilities ........................................................................................................ 30

Report of the Statutory Audit Committee ..................................................................................................... 31

Report of the Independent Auditors .............................................................................................................. 32

Statement of Financial Position ..................................................................................................................... 37

Statement of Profit or Loss and other Comprehensive Income .................................................................. 38

Statement of Changes in Equity ..................................................................................................................... 39

Statement of Cash Flows ................................................................................................................................ 40

Notes to the Financial Statements ................................................................................................................. 41

Other National Disclosures ............................................................................................................................. 8

Share Capital History ...................................................................................................................................... 8

List of Major Distributors ................................................................................................................................ 8

1

CORPORATE PROFILE

TotalEnergies Marketing Nigeria Plc was incorporated in 1956 and was listed on the Nigerian Stock Exchange in 1979. Our first petrol station was commissioned at Herbert Macaulay Street, Yaba, Lagos in 1956. Today we have over 540 service stations, 2 lubricants blending plants, 2 petroleum product depots, 1 bitumen depot, holdings in 5 aviation depot and have other facilities spread across the country. We are the only International Oil Company (IOC) actively present in the downstream sector; We are the market leader, reference point and pacesetter in the downstream sector of the Nigerian oil and gas industry.

TotalEnergies S.E. which holds 62% of TotalEnergies Marketing Nigeria Plc is a publicly-traded oil company that produces and markets fuels, natural gas and electricity. Active in more than 130 countries with over 100,000 employees, TotalEnergies SE wants to be part of the solution to climate change with a commitment to delivering reliable, affordable and clean energy to the population as many people as possible. TotalEnergies, the company of responsible energies, aims to be one of the major players in the energy transition to get to Net Zero by 2050, together with society.

2

TOTALENERGIES MARKETING

NIGERIA PLC

RC 1396

Mission Statement

We are in business to ensure total customer satisfaction by the creation of quality products and services delivered with a strong commitment to safety and respect for the environment.

This objective drives all our corporate actions and the mutual acknowledgement of them by our partners forms the basis for our business relationships.

To sustain this objective and our leadership of the market, our commitment is to build and sustain a work culture firmly rooted in professionalism, respect for employees, internal efficiency and dedicated services.

Dr. Samba Seye

Managing Director

3

TOTALENERGIES MARKETING NIGERIA PLC

COMPANY REGISTRATION NO. 1396

DIRECTORS, OFFICERS AND PROFESSIONAL ADVISERS*

DIRECTORS

Mr. Jean-Phillipe Torres

-

Chairman

(French)

Dr. Samba Seye

-

Managing Director

(Senegalese)

Mrs. Lesley Baxter-Green

-

Executive Director

(British)

Ms. Tejiro Ibru

-

Non Executive Director

Engr. Ahmed Rufai Sirajo

-

Non Executive Director

Prince (Dr.) Jeff Nnamani

-

Non Executive Director

Mrs. Lucille Badaire

-

Non Executive Director

(French)

Mr. Noubi Ben Hamida

-

Non Executive Director

(French)

COMPANY SECRETARY & EXECUTIVE GENERAL MANAGER TOTALENERGIES COUNTRY SERVICES

Mrs. Olubunmi Popoola-Mordi

REGISTERED OFFICE

TotalEnergies House 4 Churchgate Street, Victoria Island, Lagos.

Telephone No. 01 4617041-2

REGISTRAR

CardinalStone Registrars Limited 335-337 Herbert Macaulay Way, Yaba,

Lagos.

Telephone No. 01 712 0090

AUDITOR

KPMG Professional Services KPMG Tower,

Bishop Aboyade Cole Street, Victoria Island,

Lagos. Nigeria

Telephone No. 01 2718955

BANKERS

Access Bank Plc Citibank Nigeria Limited Ecobank Nigeria Limited. First Bank of Nigeria Ltd. Guaranty Trust Bank Plc Stanbic IBTC Bank Plc

Standard Chartered Bank Nigeria Limited United Bank for Africa Plc

Wema Bank Plc

Zenith Bank Plc

4

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Total Nigeria plc published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 02:22:05 UTC.