CWG confirms losses to inferno

Computer Warehouse Group (CWG) Plc has confirmed that it lost some materials to the fire incident that razed one of the buildings that serves as a storage unit at Lekki Phase 1 office in Lagos on Monday.

In a statement, the company’s Head, Brand and Marketing Communications, Anthonia Ehanmo, explained that the fire broke out around 10:30 am on Monday, September 23, 2019.

According to Ehanmo, immediate action was taken to contain the fire before the evacuation of the company’s staff.

Ehanmo explained that the eventual containment of the fire was achieved when officers of the Fire Service Units arrived at the scene, ensuring the confinement of same, to avoid damage to other surrounding structures.

Although there was no life lost in the incident or serious injury of any of the company’s staff, Ehanmo said there was a level of material loss in the building.

He said, “While official investigation to know the cause of the inferno is ongoing, we express immense appreciation to our Staff, neighbours and indeed the dedicated men of the Fire Service Stations for their swift intervention and assistance in quelling the situation.” 

What you should know: The company commenced operations in Nigeria on September 26, 1992, as Computer Warehouse Limited principally to cater for the hardware projects.

In February 2013, CWG Plc ceased to be a Private Limited Company and became a Public Company. Also, on November 15, 2013, CWG Plc listed its shares on the Nigerian Stock Exchange (NSE).

The listing boosted the market capitalisation of the NSE by about N14 billion, making CWG PLC the highest capitalized security in the ICT sector. CWG PLC’s listing also marked the first listing on the exchange after the launch of the X-Gen trading engine; same engine used on the NASDAQ.

Leave a Reply

Your email address will not be published. Required fields are marked *