₦airaland Forum

Mynd44:
Diamond bank was sold/merged not shut down. But difference

Then Oceanic Bank should not be part of the list. Because it was merged with EcoBank as well. Same way Access merged with Diamond.

alizma:
You are missing one big one, INTERCONTINENTAL BANK Plc. Happy bank, Happy customers.

EKOMADENG:
You didn't mention intercontinental bank. This one is painful.

Access Bank acquired Intercontinental. It was never shut down.

alizma:
If that is the case, the oceanic bank, PHB and spring bank should not be on the list because they fade away through acquisition, just like intercontinental bank.
PHB acquired spring bank in 2008, then key stone bank acquired PHB in 2011, that same 2011, Eco bank acquired Oceanic bank while in 2012 access bank acquired intercontinental bank.

The article is quite misleading.

Mynd44:
Diamond bank was sold/merged not shut down. But difference

Did Oceanic Bank shut down too or it got acquired by Ecobank?

If you can answer that question correctly, then you will understand that Oceanic Bank should not be on this list.

Bittersweetnig:
Oceanic too was sold marge, so what are you saying

💯, I have replied him too. Oceanic Bank was sold and merged with EcoBank.

Ijaya123:
Access Bank acquired Intercontinental. It was never shut down.

The case of Access is the case of Oceanic Bank.

Article is misleading.

selleniza:
Oceanic bank, the biggest bank in Nigeria then, was destroyed by a woman.

Explain what you mean by: A woman destroyed Oceanic Bank.

GeneralPula:
There’s a particular bank that Saraki & Sanusi ran down based on your selfish interest::

I’m sure y’all know the name of the bank..

Let me help your memory - Societe Generale Bank.

Bank in the days. Remember Okocha's funds was stuck there.

Wallade:
Explain what you mean by: A woman destroyed Oceanic Bank.

The woman Cecilia Ibru the then CEO of the bank was hailed as one of the most power figure in the financial sector. When she was later convicted of fraud, her fame also ended up affecting the bank negatively, and the bank never recovered from it.

Same with many banks on the list, they merge during the Sanusi recapitalization.

Mynd44:
Diamond bank was sold/merged not shut down. But difference

aieromon:
Bank PHB couldn't wait for cars to run on water.


https://www.youtube.com/watch?v=DRwPc5yJqCo?si=hoKdrJLzgjce6nhy


https://www.youtube.com/watch?v=f10es_slr1c?si=1cK8U3xjBJ14ZEA9


https://www.youtube.com/watch?v=ERk9SA-cDmc?si=f3krrJO5QY4PPPF8

Thanks for the memories.
Ii was privileged to have started my banking career here as a fresh graduate.
Good ol’ days.

Ijaya123:
Access Bank acquired Intercontinental. It was never shut down.

What happened to Skye Bank?




More characters for for posting

First Atlantic Bank is not on the list. It used to be a very good bank until.......

Ijaya123:
Access Bank acquired Intercontinental. It was never shut down.

If that is the case, the oceanic bank, PHB and spring bank should not be on the list because they fade away through acquisition, just like intercontinental bank.
PHB acquired spring bank in 2008, then key stone bank acquired PHB in 2011, that same 2011, Eco bank acquired Oceanic bank while in 2012 access bank acquired intercontinental bank.

RenoOkriTheGoat:
Afribank was well known for selling jamb forms

yes o! I remember going to Afribank from Festac Town to Apapa Wharf to buy JAMB form. Afribank was located at the street near the roundabout. I can't remember the name of the street

Great100000:
[b]These banks were once active but no longer exist.


Source: https://www.pulse.ng/articles/lifestyle/list-of-failed-banks-in-nigeria-2025070710104529705

you have forgotten to add mechantal bank. Add that one

Standard Trust Bank was students favorite bank back in those days. I remember the massive queue back in those days at Owerri during my university days just to withdraw money. They merged with UBA and maintained their logo

Wallade:
Let me help your memory - Societe Generale Bank.

Bank in the days. Remember Okocha's funds was stuck there.

Na the bank later woke up as Heritage bank but being unlucky, the powers that held it fell out of political main stream and as a result, it collapse again in 2014.

Almighty Intercontinental Bank Plc...... owned by Erastus Akingbola.

Heritage Bank

Spring Bank

Balzy:
What about intercontinental bank and Equity bank.

Abi o. And Trade Bank too. I remembered my parents used to pay my school fees in that bank.

alizma:
Na the bank later woke up as wema bank but being unlucky, the powers that held it fell out of political main stream and as a result, it collapse again in 2014.

Not Wema Bank.

SGBN came back as Heritage Bank, yet could not survive it.

Other banks that have shut down over the years.
1. African continental Bank (ACB)
2. Progress bank
3. Hallmark bank
4. Standard trust bank ( later merged with UBA)
5. Intercontinental bank (Now Access bank)

Racoon:
Humn! Savannah Bank was fresh in my mind. How that bank collapse is a wonder.

BigBoy12inches:
Men these names bring back so many memories. Passing Savannah Bank in Lagos brings sad memories about it's demise.

politics closed savanna bank.

OBJ fought the owner

bid4rich:
In Ocean, there are Sharks. Big Sharks are the big companies and small Sharks are small ones. Big Sharks are made to feed on small sharks.

That's business for you.

Savanna faded out.
Afribank obliterate
Owena and Diamond, hmmmm
Oceanic bank was consumed
Intercontinental floored
Bank PHB disappeared
Heritage Bank gone too soon.

As the CBN recapitalisation is ongoing and barely a year to go, which bank is the next to go down or merged?

We Keep our fingers crossed

Savannah no fade, na OBJ wan deal with the owner

What about intercontinental bank and Equity bank.

Intercontinental Bank was merged with now Access Bank, it wasn't shut down

Wallade:
Not Wema Bank.

SGBN came back as Heritage Bank, yet could not survive it.

thanks very much for the correction, I mixe the two up, wema is still active

alizma:
You are missing one big one, INTERCONTINENTAL BANK Plc. Happy bank, Happy customers.

Didn't they merge with stanbic or so ..



Not enough original content
Please take a moment to write a quality post with at least 40 characters.
This will make the forum more interesting for everyone.

Bank PHB though .
.. the only one that rings a bell to me ..

sacajawea:
What happened to Skye Bank?




More characters for for posting

Now Polaris bank .









Not enough original content
Please take a moment to write a quality post with at least 40 characters.
This will make the forum more interesting for everyone.

i'm pretty sure no one knows this bank .




. MAINSTREAM BANK..

Silentgroper:
Didn't they merge with stanbic or so ..



Not enough original content
Please take a moment to write a quality post with at least 40 characters.
This will make the forum more interesting for everyone.

Access bank acquired them the same way eco bank acquired oceanic bank.

Africa Continental Bank ACB
New Nigerian Bank NNB
Credit and Commerce Bank CCB
Nigeria Arab Bank NAB

Skyebank always there saying yes to your need!

Sweet chorus, weak management.

Great100000:
[b]These banks were once active but no longer exist.


Source: https://www.pulse.ng/articles/lifestyle/list-of-failed-banks-in-nigeria-2025070710104529705