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 |
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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 |
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3 | Diamond Bank Plc | 97 | Pascal G. Dozie (chair) Emeka Onwuka (MD) | Price Waterhouse Coopers | Crown Agents Investment Management |
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| 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 |
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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 |
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9 | First Inland Bank | 146 | Ibrahim Damcida (Chair) Theo C. Osanakpo (MD) | Akintola Williams and Ibrahim Aminu & Co |
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10 | Guaranty Trust Bank | 102 | G. P. Chikelu (Chair) O. A. Aderinokun (MD) | KPMG Professional Services |
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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 |
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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 |
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18 | Standard Chartered Bank | 7 | Oladele Olashore (Chair) Simon J. Millet (MD) | KPMG Professional Services |
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19 | Spring Bank | 168 | Segun Agbetuyi (Chair) Mike U. Chukwu (MD) | Akintola Williams Deloitte & Touche |
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20 | SKYE Bank | 196 | Musiliu Smith (Chair) Akinfemiwa Akinsola (MD) | Akintola Williams and Earnest & Young |
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21 | Unity Bank | 215 | L. A. Mabogunje (Chair) Falalu Bello (MD) | Akintola Williams Deloitte & Touche and PKF |
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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 |
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25 | Zenith Bank | 215 | Macaulay Pepple (Chair) Jim Ovia (MD) | Price Waterhouse Coopers | JP Morgan Chase |
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Table: by Economic Confidential
