ECONOMIC CONFIDENTIAL: Nigeria`s Consolidated Banks – Their Chief Executives, Number of Branches and Foreign Partners

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http://www.economicconfidential.com/septfactbanks.htm

Economic Confidential, September 2007

  

FACTS AND FIGURES

 

BIG BANKS: THEIR CHIEF EXECUTIVES, BRANCHES AND FOREIGN PARTNERS

The information in this table by the Economic Confidential is extracted from the 2006 Annual report of the Nigeria Deposit Insurance Corporation (NDIC), which was officially released in August 2007 and obtained by the magazine. It shows that out of the 25 big banks operating in the country only 13 have foreign partners to manage the Foreign Reserve; 3 accounting firms have been the major auditors of the banks. It also indicates that BIG does not necessarily represent the number of branches as some of the banks had, as at December 31, 2006, less than eight branch-offices each while two banks have more than 400 branch –networks each. Please see the table.

S/N

BANKS

Branches

Chief Executives

Approved Auditors

Foreign Partners to Manage Nigeria’s Foreign Reserve

 

 

 

 

 

 

1

Access Bank Plc                                   

75

G. O. Oyebode (Chair)

A. Aig-Imoukhuede  (MD)

KPMG Professional Services

FMO/ABN AMRO

2

Afribank Plc                            

204

Aliyu Balgore (Chair)

Sebastian Adigwe (MD)

Akintola Williams Deloitte & Touche

 

3

Diamond Bank Plc

97

Pascal G. Dozie (chair)

Emeka Onwuka (MD)

Price Waterhouse Coopers

Crown Agents Investment Management

4

 

Ecobank Plc

29

J.A. Odeyemi (Chair)

Offong Ambah (MD)

Price Waterhouse Coopers

ING Belgium Sa

5

Equatorial Trust Bank

74

Yetunde Adegbola (Chair)

Ike Oraekwuotu (MD)

Akintola Williams Deloitte & Touche

 

6

Fidelity Bank Plc

94

Christopher Ezeh (Chair)

Reginald Ihejiahi (MD)

Akintola Williams Deloitte & Touche

Investec Asset Management

7

First Bank of Nigeria           

403

Mutallab U. Abdul (Chair)

Ajekigbe J. Moyo (MD)

Akintola Williams Deloitte & Touche and PKF

HSBC

8

First City Monument Bank

82

Jonathan A. Long (Chair)

Ladi Balogun (MD)      

Price Waterhouse Coopers

 

9

First Inland Bank

146

Ibrahim Damcida (Chair)

Theo C. Osanakpo (MD)

Akintola Williams and Ibrahim Aminu & Co

 

10

Guaranty Trust Bank

102

G. P. Chikelu (Chair)

O. A. Aderinokun (MD)

KPMG Professional Services

 

11

Intercontinental Bank

203

Raymond Obieri (Chair)

E.B.O. Akingbola (MD)

Price Waterhouse Cooper

BNP Paribas of Paris

12

IBTC-Chartered Bank

56

O. I. Akinkugbe (Chair)

Atedo N. Peterside (MD)           

Price Waterhouse Coopers

Credit Sussie

13

Nigeria International Bank

13

Charles S. Sankey (Chair)

Emuwa Emeka (MD)   

KPMG Professional Services           

 

14

Oceanic Bank Plc

213

Michael Ibru (Chair)

Cecilia A. O. Ibru (MD)

KPMG Professional Services

Commerzbank AG of Germany

15

Bank PHB Plc

109

Kola Abiola (Chair)

Francis Atuche (MD)   

Price Waterhouse Coopers

Fortis Group

16

Stanbic Bank

5

Mathew T. Mbu (Chair)

Milton A. Weeks (MD)

Price Waterhouse Coopers

Bank of New York

17

Sterling Bank Plc

79

S. S. Baffa (Chair)

W. B. Dabiri (MD)       

KPMG Professional Services

 

18

Standard Chartered Bank

7

Oladele Olashore (Chair)

Simon J. Millet (MD)    

KPMG Professional Services

 

19

Spring Bank

168

Segun Agbetuyi (Chair)

Mike U. Chukwu (MD)

Akintola Williams Deloitte & Touche

 

20

SKYE Bank

196

Musiliu Smith (Chair)

Akinfemiwa Akinsola (MD)

Akintola Williams and Earnest & Young

 

21

Unity Bank

215

L. A. Mabogunje (Chair)

Falalu Bello (MD)        

Akintola Williams Deloitte & Touche and PKF

 

22

Union Bank of Nigeria

380

Musa G. Yakubu (Chair)

B. B. Ebong (MD)

Akintola Williams Deloitte & Touche and Oyelami Soetan Adeleke & Co

Black Rock

23

United Bank for Africa

447

Kayode Sofola (Chair)

A. O. Elumelu (MD)

Akintola Williams Deloitte & Touche

UBS AG

24

Wema Bank

135

Olapade Mohammed (Chair)

Adebisi Omoyeni (MD)

KPMG Professional Services

 

25

Zenith Bank

215

Macaulay Pepple (Chair)

Jim Ovia (MD) 

Price Waterhouse Coopers

JP Morgan Chase

 

 

 

 

 

 

           

Table: by Economic Confidential

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