Private company

FinBank

Nigerian company based in Lagos, founded in 20061

FinBank Plc., also referred to as Finbank Nigeria or FinBank, was a commercial bank in Nigeria.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2006Founded1

FinBank Plc., also referred to as Finbank Nigeria or FinBank, was a commercial bank in Nigeria.2

The story

The bank was established in 2006, as First Inland Bank Plc, by the merger of four (4) indigenous financial services institutions namely: (a) First Atlantic Bank Plc, (b) Inland Bank Plc, (c) NUB International Bank Limited and (d) IMB International Bank. In September 2008, First Inland Bank rebranded as FinBank. In 2009, the Central Bank of Nigeria, found nine Nigerian commercial banks to be under-capitalized. FinBank was one of them. The Central Bank rescued the nine banks with bridge funding until permanent investors could be found to provide new capital to meet statutory limits. Suzanne Iroche became the CEO when Finbank's CEO and four other CEOs were dismissed on 13 August 2009 by the Central Bank of Nigeria.

In November 2010, both FinBank and First City Monument Bank (FCMB) announced that FCMB has expressed interest in acquiring shareholding and become the strategic investor in FinBank. In 2012, FinBank Merged with First City Monument Bank(FCMB). That merger was consummated on 9 February 2012 and was effected in October 2012, effectively closing the FinBank brand in Nigeria.

From Wikipedia’s article on FinBank Nigeria, shared under CC BY-SA 4.0.3

Products and brands

  • loan

Listed on Wikidata.1

The bank maintains the following subsidiary companies, as of November 2010:

FinBank Registrars Limited – (FinRegistrars)

FinBank Securities & Asset Management Limited – (FinSec)

FinBank Capital Limited – (FinCapital)

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FinBank Insurance Company Limited – (Finsurance)

FinBank Insurance Brokers Limited – (FinBrokers)

FinBank Homes Limited, formerly MGSL – (FinHomes)

e-Frontiers Technologies Nigeria Limited – (eFTN) – Lagos, Nigeria

e-Frontiers Technologies Ghana Limited – (eFTG) – Accra, Ghana

Arab Gambia Islamic Bank Limited – (AGIB) – Banjul, Gambia

From Wikipedia’s article on FinBank Nigeria, shared under CC BY-SA 4.0.3

Timeline

  1. 2006Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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