Adebowale, Adebolajo Found Guilty of U.K. Soldier Murder
Oceanic Bank Closes Gambian Operations, Nation Reports
Lagos-based Oceanic Bank Plc will close its operations in Gambia after failing to meet capital requirements of 150 million dalasi ($5.6 million), the Nation said, citing Thomas Kojo Quayson, a spokesman for the bank’s Gambian unit.
Oceanic Bank Gambia opted for voluntary liquidation, the Lagos-based newspaper said on its website. The bank has sufficient funds of more than 100 million dalasi to return all deposits to customers, the Nation said.
To contact the reporter on this story: Brian Latham in Durban at firstname.lastname@example.org.
To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at email@example.com.