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Afribank Nigeria Plc


Business Directory » Banking / Finance » Event Services / Decorations
Lagos

Afribank Nigeria PLC is a commercial banking, real estate and insurance broker based in LagosNigeria. It was established by French investors in 1959 under the nameBanque Internationale pour l'Afrique Occidentale (BAIO).Today the bank operates over 250 branches across Nigeria, and is one of the region's "Big Four" banks. Afribank uses the Temenos Globus banking application in its branches. 

Afribank's core business is in commercial and retail investment banking. It also operates stock brokering firm, an insurance brokerage firm, a trustees and investments company, and estate development company, a capital market firm, and an offshore finance company in Dublin, Ireland.Afribank also invests in companies in the financial and real sectors of the Nigerian economy. 

Afribank failed in 2011 and its banking license was revoked by the Central Bank of Nigeria, the national banking regulator. The assets and some of the liabilities of the now defunct Afribank Plc. were acquired by Mainstreet Bank Limited, a bridge institution, specially created for that purporse on the same day.In July 2012, the Federal High Court of Nigeria, in Lagos ordered that the affairs of the defunct Afribank Nigeria Plc be wound up, since its license had been revoked.

 


 


Phone (234) 01 2641566,2645132
Website http://www.afribank.net
Address 94, Broad Street,

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