C&I Leasing Plc, a finance company licensed by the Central Bank of Nigeria, was incorporated on 28th December, 1990 as a private limited liability company to provide both operating and finance leases and other ancillary services.
C&I Leasing Plc is the parent company of C&I Motors. it was incorporated on 28th December, 1990 as a private limited liability company to provide both operating and finance leases and other ancillary logistics services.
The company provides leases / rentals and ancillary services to local affiliates of international companies such as Cadbury, MTN, Prosafe, Shell, BG, Chevron, ENI-Agip, and Exxonmobil. The company is currently the only equipment leasing & rental services company that is listed on the Nigerian Stock Exchange. Its major shareholders include major financial institutions such as Aureos Capital (an affiliate of the Commonwealth Development Corporation, CDC), International Energy Insurance plc, Leadway Assurance and Crusader Insurance plc.
C&I Leasing provides leases and rentals to companies, on cars, buses, trucks, light marine craft and cranes. In addition, C&I Leasing runs the Hertz Rent-a-Car franchise for Nigeria which handles vehicle rentals for companies and individuals such as Nigerian Breweries, Microsoft, Cadbury, Exxonmobil, MTN and LM Ericsson. Cars are provided on a chauffer-driven basis at competitive rates.
C&I Leasing currently has a fleet size in excess of 500 vehicle units working for various clients in 31 states of the Federation. C&I Motors plans to leverage on the existing clientele base of Hertz to enhance fleet sales. C&I Leasing also provides consumer leases on a wide range of domestic use equipment to employees of large corporations through our Easi-Lease product. Through this product, employees can obtain financing for equipment such as cars, generating sets, air conditioners, TV’s etc. The Consumer Lease database which includes over 6,000 customers in employment in various organizations will be a veritable marketing tool for C&I Motors.

Financing
Authorized share capital of C&I Plc in 2009 was 1.5 billion ordinary shares of 50 kobo each worth N3 billion remain the same as at 2010 financial year, while it’s issued and fully paid capital in 2009 was 808.5 million ordinary shares of 50 kobo valued at N1.617 billion in to stand at the same figure and value at the end of 2010 year. The fixed assets of the C&I group rose from N632.6 million in 2009 to N653.7 million as at the end of 2010 indicating an increase of N210.5 million or by 3.3 per cent. While the fixed assets of the company stood at N451.9 million in 2010 from N443.8 million in 2009 representing 1.8 per cent appreciation.
The group liabilities stood at N10.844 billion at the end of its 2010 financial year. This represents a N2.751 billion growth or 34 per cent in the company’s liabilities compared with its 2009 figure of N8.094 billion in 2009. While the liability of the company rose by N2.608 billion or 51.3 per cent from N5.084 billion recorded in 2009 to stand at N7.692 billion in 2010.
The group’s total assets grew by 24 per cent from N10.443 billion in 2009 to N12.953 billion in 2010, just as that of the company went up to N10.079 billion from N7.311 billion showing a 38 per cent increase.

Profitability
C&I  recorded a gross income of N1.513 billion or 22.3 per cent appreciation in 2010, from N6.774 billion in 2009 to N8.288 billion in 2010. Direct cost of the group was N4.926 billion in 2009 and it came to N6.363 billion in 2010.
Gross profit went up from N1.849 billion in 2009 to stand at N1.924 billion in 2010 indicating an increase of N75.617 million or 4.1 per cent.
The operating expenses of the group rose from N1.337 billion in 2009 to stand at N1.652 billion in 2010; this is an increase of N314.516 million or 24 per cent
The group’s profit before exceptional item and tax dropped by N297.421 million or 73 per cent in 2010. It made N408.588 million in 2009, while in 2010 it made N111.167 million. Profit after taxation but before non-controlling interest was N334.229 million in 2009, and in 2010, it was N107.185 million. It dropped by 68 per cent or N227.044 million.
Profit after taxation and minority interest dropped by N163 321 million or 53 per cent, it recorded N305.727 million in 2009 to stand at N142.406 million at the end of 2010 financial year.

Management 
AVM A. D. Bello (rtd), GCON is the chairman of the board, Chief C. H. Okolo is the vice chairman and Mr. Chukwuemeka E. Ndu is the managing director of the company.
Mr. Andrew Otike-Odibi is executive director of the company. Directors of the company are Mr. Olawale Oyedele, Mr. Gabriel O. A. Oyelami, Mr. IK. Duru, Mrs. N. U. I. Uche, Mr. Jacob Kholi and Mr. Patrick Sule Ugboma

Scorecard
The percentage of gross income on gross profit of the group during the period 4.3 per cent compared to 3.7 per cent in 2009 while that of the company stands at 4.3 per cent in December 2010 compared to 3.5 per cent it recorded in 2009.
The percentage of gross income on operating expenses in 2009 is 5.1 per cent compared to 5 per cent in 2010, while that of the company stands at 5.3 per cent in 2009 as against 6.4 per cent in 2010.