Oceanic Bank International, commonly referred to as Oceanic Bank, is a bank in Nigeria. Oceanic provides individual, commercial and corporate banking services.
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. 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.
Global presence
As of May 2009, Oceanic Bank has subsidiaries in the following countries:
- Cameroon
- Gambia - This subsidiary was closed in January 2011.
- Ghana
- Nigeria
- São Tomé and Príncipe - Sold to Global Fleet Group in May 2011.
Subsidiaries
The bank has the following subsidiary companies:
- 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
- Oceanic Bank Official Website
- Oceanic Bank at Google Finance
- Oceanic Bank at Alacrastore
- Oceanic Bank International at Nigerian Stock Exchange
References
Interesting Informations
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