Oceanic Bank

"Oceanic bank" redirects here. For the geographic term, see Ocean bank.

Oceanic Bank International Plc.

Type	Public limited company
Industry	Finance
Founded	March 26, 1990
Headquarters	Herbert Macaulay Way, Wuse Zone 6, Abuja, Nigeria
Key people	Hayford Kponmwonsa Alile, Chairman John Aboh, Managing Director & CEO
Services	Banking
Revenue	₦74.9 billion
Net income	₦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.

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