On May 23, 2011 · In News

LAGOS – Global Fleet Group at the weekend in Sao Tome took over 100 per cent shareholding of Oceanic Bank, Sao Tome. The bank was handed over to Jimoh Ibrahim as the new chairman in Sao Tome at a completion board meeting at weekend.

Managing Director and Chief Executive Officer, Jimoh Ibrahim, signed on behalf of his company Global Fleet UK while the Managing Director of Oceanic Bank; Mr. John Aboh-led eighth subsidiaries of the bank to Sao Tome where the bank was handed over.

The development witnessed first completed sales of a bank since the present reform of the Central Bank of Nigeria under Malam Sanusi Lamido. The bank was set up in 2008 and licensed by the Central Bank of Sao Tome to carry out banking business.

In her last financial statement, the bank which made a loss of $600,000 had a contingency balance sheet of about 166.4 billion Dobras (Sao Tome currency).

Ibrahim, who said the bank will be repositioned and turned round quickly to return to profit, stressed that the take-over is strategic to position external relations between Sao Tome and Federal Government of Nigeria Joint Venture project.

i dey laff ooo

i don't see the yoruba people shouting hail stone

if na igbo, the whole world go know shameless inferiority complex people

not to turn this thread tribalistic, i just wanted to state the obvious

good one jimoh

^^what has yoruba and igbo got to do with the matter of bank acquisition in sao tome? Your statements are grossly uncalled for as they are idiotic!

Na waooooo!.In less than five months ibrahim jimoh set up two banks!,acquire newswatch!
I envy your business style of acquisition of ailing company and making them become profitable in no time!
U are a genius keep it up!

49cents:

^^what has yoruba and igbo got to do with the matter of bank acquisition in sao tome? Your statements are grossly uncalled for as they are idiotic!

^^^^

i think ur post is more idiotic and da,ft to the very least

do u know what i am taking about

if u are igbo, then u are part of the people with inferiority complex, i mean look at the political section, u would see igbo this igbo that

but yet, others have done this before them and no one has acknowlege them

so i think u should shut up and enjoy the thread, don't derail the thread

ibrahim

where are u getting this money from ?

where

even mr gate does not buy 3 major firms within 1 week

newswatch 1billion

this one

and 1 more bank

[size=14pt]BREAKING NEWS!![/size]
[size=16pt]JIMOH IBRAHIM BUYS THE ATLANTIC OCEAN!![/size]

Nice Fronting for Corrupt Out-going Governors,

i feel cecilia ibru is behind this, they are very close and since she has lost oceanic NIGERIA , she wants to start afresh with sao tome branch.

chuks01:

i feel cecilia ibru is behind this, they are very close and since she has lost oceanic NIGERIA , she wants to start afresh with sao tome branch.

You feel eh? Your feelings are now in her mind now as it told you she wanted to start afresh with Sao Tome. Good for you.

guy i now jimoh well, he is fronting, he doesnt waste so i know he cant buy 2 companies in one week.There is more to it.

Interesting.

i dey laff ooo

i don't see the yoruba people shouting hail stone

if na igbo, the whole world go know shameless inferiority complex people

not to turn this thread tribalistic, i just wanted to state the obvious

good one jimoh

What is with the yoruba and igbo rant here ------ why do you just wanna derail this thread-----why not just keep it clean

Mr Jimoh Ibrahim i buying businesses up and down but he refuses to pay his contractors. Air Nigeria is in serious distress now, ask the workers, he is more interested in acquiring new businesses and fir his name to be in the media than making his present business work