Oceanic Bank

Oceanic Bank
Oceanic Bank International Plc.
Type Public limited company
Industry Finance
Founded March 26, 1990
Headquarters Herbert Macaulay Way, Wuse Zone 6, Abuja, Nigeria[1]
Key people Hayford Kponmwonsa Alile, Chairman
John Aboh, Managing Director & CEO
Services Banking
Revenue increase ₦74.9 billion
Net income increase ₦17.1 billion
Total assets ₦1.3 trillion
Website Homepage

Oceanic Bank International, commonly referred to as Oceanic Bank, is a bank in Nigeria. Oceanic provides individual, commercial and corporate banking services. [2]

Contents

History

Oceanic Bank was incorporated on March 26, 1990, as a private limited liability company with 100% equity ownership by Nigerian citizens, and licensed on April 10, 1990, to carry on commercial banking. The bank commenced business on June 12, 1990, at the Waterfront Plaza, Plot 270, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. It was listed on the Nigerian Stock Exchange on June 25, 2004.[3] In October 2010, Cecilia Ibru, the former head of Oceanic Bank, was sentenced to eighteen months and ordered to forfeit over US$1 billion for fraud.[4]

Global presence

As of May 2009, Oceanic Bank has subsidiaries in the following countries:[5]

Subsidiaries

The bank has the following subsidiary companies:[8]

  • Oceanic Registrars Limited - Lagos, Nigeria
  • Oceanic Trustees Limited - Lagos, Nigeria
  • Oceanic Custodian Limited - Lagos, Nigeria
  • Oceanic Insurance Limited - Lagos, Nigeria
  • Oceanic Homes Limited - Lagos, Nigeria
  • Oceanic Securities Limited - Lagos, Nigeria
  • Oceanic Asset Management Limited - Lagos, Nigeria

External links

References

  1. ^ Head office located in Abuja
  2. ^ Oceanic Bank at Google Finance
  3. ^ About Oceanic Bank
  4. ^ Jail term for ex-Nigeria bank boss. Al Jazeera English, 9 October 2010.
  5. ^ Oceanic Bank Global Presence
  6. ^ Oceanic Bank Closes Gambian Subsidiary
  7. ^ Oceanic Bank Sao Tome Sold To Global Fleet Group
  8. ^ Subsidiary Companies of Oceanic Bank

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