Oceanic Bank Closes Gambia Operations

Oceanic Bank has closed down its outlet in The Gambia, citing inability to meet capital requirements of 150 million dalasi (about US$ 5.6 million), the Head, Corporate Communications of Oceanic Bank in The Gambia, Thomas Kojo Quayson, told PANA.
Quayson said that the Bank headquarters in Nigeria could no longer subsidize its foreign branches, and as a result are returning deposited monies to customers.
Oceanic Bank Gambia Limited failed to meet the end-of-year deadline requirement of the Central Bank of The Gambia (CBG) to raise capital, opting for voluntary liquidation.
However, Quayson said the Bank was not distressed and that their entire customers would receive their monies safely without any constraints.

The CBN should give them little time

This case has nothing do with CBN[igeria] but mostly with the governing body in the Gambia...Central of Gambia (CBG).

A case of spreading too thin?

Thought they will loose their money

Since the place is no more good for buz... Better to turn back the fear of sanusi is d begining of wisdom o