| 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 | ₦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. [2]
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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]
As of May 2009, Oceanic Bank has subsidiaries in the following countries:[5]
The bank has the following subsidiary companies:[8]