ANALYSIS OF SHAREHOLDING

Analysis Of Shareholdings:

The shares of the bank as at 31 December, 2006 were fully owned by Nigerian citizens, associations and corporate bodies.

As at 31st December, 2006, the authorized and issued share capital of the bank was N40,000,000. at N1.00each out of which N24,684,036 has been paid up. The shares were beneficially held as follows:

Shareholder
Number of Ordinary shares Held (N)
%
Trinity Design centre Ltd.
12,000,000
49.00
Sensor Newspapers Ltd
2,000,000
8.10
Arc. Ubokutom Nyah
2,500,000
10.13
Nelson Aghogu
2,000,000
8.10
Mfoniso Essien
2,205,000
8.93
Victoria Nyah
1,500,000
6.08
Nicholas Akpan
500,000
2.03
Others
1,979,026
8.02
 
24,684,026
100