Okey Nwosu, CEO
and Managing Director of First Inland Bank Plc led an all-star cast of his
management team including the Chairman of the Board, Dr. Theo Chike Osanakpo
(SAN) to the Grand Ballroom of the Park Lane Hilton Hotel, London on Wednesday,
January 17th 2008 to present to European investors and Nigerians in the diaspora
the ongoing 100 Billion Naira public offer of the bank.
Amongst the guests were fund managers from top European finance houses, and also
distinguished Nigerians including Nigeria’s Acting High Commissioner to the
United Kingdom, Ambassador Dozie Nwanna and the Minister of Trade at the High
Commission, Mr. G.A. Zakari.
The Bank’s CEO, Mr Nwosu impressed the audience with his 3-part presentation
which focused on the Nigerian economy, the Nigerian banking sector and the First
Inland Bank public offer. He said that First Inland Bank is one of the success
stories of the post-consolidated banking sector in Nigeria and charged guests to
help spread the message of the bank’s offer. “We urge you to take advantage of
the offer and to also share in our success story, at N9.50 kobo per share; you
can see that this offer is of great value to the discerning investor”.
Speaking on the bank’s current position in the Nigerian banking sector, Mr Nwosu
said that the bank currently has a network of 200 branches nationwide and is a
leader in technology product offering. “This is our niche, the ability to deploy
cutting-edge technology in all our product offerings in the service of our
customers who are constantly delighted by our commitment and passion to exceed
their expectations”. He also said that although First Inland Bank is currently
in the Top 10 of Nigeria’s biggest banks, the bank is still on course to
becoming one of the top 5 banks in Nigeria in the next 5 years, “Most
importantly we hope to grow our balance sheet by 1 Trillion naira by 2009”.
Concluding, he summarised for the audience the reasons for the bank’s offer
which he said will be used for branch expansion, IT upgrade, developing
subsidiaries in local and international markets and finally to boost working
capital.
Mr Dozie Nwanna thanked the officials of the bank for bringing the offer to the
attention of Nigerians in the diaspora. “We are always delighted at the High
Commission when Nigerian banks come into town. As you can see, i have the
Minister of trade at the High Commission with me here; this is to show how
important we value events like these”. Mr Nwanna also pledged the support of the
Nigerian High Commission to First Inland Bank and to other Nigerian banks
wishing to come to London to source for investments.
Speaking later, Mr Christian Udechukwu, CEO of BusinessinAfricaevents.com who
facilitated the event thanked the guests for coming out to support the bank and
hoped that as indicated, they will all avail themselves of the opportunity of
investing in the bank’s stock.
Other guests present at the event were Femi Okutubo (Publisher, Trumpet
Newspaper), Senator Onyeabo Obi, Dr. Mark Abani, (Head of Process & Strategy, HM
Revenue & Customs), Sarah Macinnes (Regional Director, Middle East & Africa –
Int. Herald Tribune), Mike Abiola (Publisher, African Voice), Lady Olga Maitland
(CEO, IAMTN) and many more.
First Inland Bank was formed out of a merger between First Atlantic Bank Plc,
Inland Bank Plc, IMB International Bank Plc and NUB International Bank Ltd. For
further information about First Inland Bank Plc, visit
www.firstinlandbankplc.net.
To download Okey Nwosu’s power point presentation,
click here.
http://thelongharmattanseason.blogspot.com/
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