Oceanic Bank International Plc has been appointed as the settlement bank for the planned International Air Transport Association (IATA) Billing and Settlement Plan in Nigeria. BSP, as we all know, is aimed at facilitating timely revenue processing and settlement among airlines operating in the country. Speaking at the Nigeria Aviation 2007 International Conference and Exhibition held in Abuja recently, Managing Director of Oceanic Bank, Cecilia Ibru said the bank was chosen because of its expertise in providing electronic banking and payment services in the country and beyond. COURTESY BUSINESSDAY
This does not come as a surprise, Oceanic Bank Plc, has been at the forefront of Aviation lending and actually was at the head of the consortium that bankrolled the development of the Murtala Muhammed Airport 2 Terminal to the tune of N20bn.
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