Fannix Technologies Limited as a business organization in Nigeria, has a unique form of corporate conscience which is integrated into her business model as a mechanism or self-regulatory of ensuring that the activities we carry out is both legitimate and in compliance with the found regulations and rending positive impact through our activities on the environment, clients/consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders.
Our activities as a corporate firm has its impact on the stakeholders and economy as a whole, in balancing the impact of these activities, we have outlined programs that is used as compensation to both host communities and stakeholders as a whole.
In supporting these communities and stakeholders, we actively engage in
- Youth Empowerment/Development in mentoring, planning and Execution
- Employment of Locals, Youths, Sub-Contractors
- Local Supplies and Suppliers
- Direct Compensation of Host Community
Based on our current capability, our Youth Empowerment Programs are run annually in partnership with local government council, SME Business Partner, Entrepreneurial Development Centres, Welding and Fabrication and Catering Services who train the youths and empower these youths to an independent standard.
We believe that with our endeavour and prospect to engage in greater investment, foreign/international partnership and exposure, we can not only grow as a corporate firm, but it will enhance our ability to save the Nigerian Youths from violence, militancy, and terrorism and engage them into meaningful activities that will not only enhance their lives but also improve their well-being and that of the economy as well.
Fannix Technologies is hence, enthusiastic and open to support or investment exposure that could help grow our company which will in many ways aid our mission.
We intend to create a continually/ageless solution provider, our vision in Fannix Technologies Limited spans across the lifespan of the founders and Fannix is not a one-man business company, but a separate entity. We have created a system that will outlast its owners.
Going Concern & Prudence
Our business entity is in good condition and will continue to be in business in the foreseeable future; revenue and profits are included in the balance sheet when they are realized.
Matching & Materiality
Transactions affecting both revenues and expenses should be recognized in the same accounting period; minor events may be ignored, but the major ones should be fully disclosed.
The business a separate business entity from its owners and as such free from any external encumbrances which may arise from these positions.
Objectivity & Realization
Financial statements should be based only on verifiable evidence, including an audit trail; any change in the market value of an asset or liability is not recognized as a profit or loss until the asset is sold or the liability is paid off.
Transparency of Operations
Financial statements and their notes contain all relevant data; profit are realized only after the capital of the firm has been restored to its original level, or maintained at a predetermined level.
Social Corporate Responsibility
We make effort to improve the society that accomodate our operations. Our efforts range from donating money to nonprofits to implementing environmentally-friendly policies in the workplace to contributing to events that develops the society in general.