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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 .
Cecilia Ibru (born 22 March 1946) is the former managing director and chief executive officer of Oceanic Bank. [1] She is Nigeria's first female bank CEO and was dubbed the first lady of banking. [2] [3] In 2010, she was convicted of corporate fraud and sentenced to prison as part of a multibillion-dollar banking scandal.
Date Branch Department Party People Involved Summary Source 1946 Executive: Office of the President: Liberal: Manuel Roxas: Surplus War Property scandal- disposed $90 billion of surplus war property held by the United States government in the final year of World War II, which caused a huge corruption scandal that led to the rise of the leftist HUKBALAHAP and for Roxas's approval ratings to ...
Although the century is still young, this is shaping up to be the banking scandal of the century thus far. On the heels of last week's announcement that British bank Barclays will fork over $450 ...
Two members of Haiti’s Transitional Presidential Council are calling for an internal investigation on a bank bribery scandal currently engulfing the ruling entity and threatening U.S.-backed ...
In August 2009, PNB and Allied Bank were expected to complete their merger within the next six to nine months after the latter sells its 28% stake in California-based Oceanic Bank. [17] As of July 7, 2010, the remaining stumbling block to the merger was addressed, as the latter found a buyer for its minority stake in a California-based bank. [18]
The former chief financial officer of Archegos Capital Management was sentenced on Monday to eight years in prison over his role in the firm's 2021 collapse, which cost Wall Street banks more than ...
The 2023 Corruption Perceptions Index scored the Philippines at 34. When ranked by score, the Philippines ranked 115th among the 180 countries in the 2023 Index. For comparison with worldwide scores, the best score was 90 (ranked 1), the worst score was 11 (ranked 180), and the average score was 43.