Ownership

 

Energy Bank is largely owned by the GLOBAL FLEET GROUP. The group have been playing leading roles in corporate Nigeria with substantial interests in strategic sectors of the economy.

In the Oil and Gas( downstream) sector is Global Fleet  Oil and Gas, the pioneer and the bulb lighter for the Group with over 100 filling stations mainly in the South-West geographical zone of the country; in the Insurance sector is NICON Insurance, unarguably the biggest insurance company in Nigeria; in United Kingdom the Group maintains the NICON Insurance and Nigeria Re-insurance at 21, Worship Street Central London; in the Re-Insurance is the Nigeria Reinsurance Corporation; in Aviation, there is Air Nigeria; in Media, there is Global Media Mirror Limited publishers of the National Mirror, Saturday and Sunday Mirror (lately acquired the ‘Newswatch’ Magazine, the oldest magazine in Nigeria); in Industries is the Global Fleet Industries (makers of furniture items, paving stones and blocks, etc) and in Hospitality, we have the NICON Luxury in Abuja, Lagos, Port Harcourt to mention a few. The Group also maintains a class A-license of the Central Bank of Sao-Tome and Principe in the Insurance business under the name NICON Serguros.

The Bank shareholders fund is in excess of GHC 60 million which makes it one of the highest capitalised banks in Ghana.

The Group has even gone ahead to, on May 19, 2011, acquire the foreign subsidiary of Oceanic International Bank, Nigeria in Sao Tome and Principe, now christened Energy Bank, Sao Tome & Principe, following the former’s decision to undertake only national business in line with the new policy directive of the Central Bank of Nigeria on the issue.