August 25, 2017

Lagos, Nigeria; August 25, 2017 – C&I Leasing plc., a leading Nigerian content player in the offshore support vessel market, has just launched her newest vessel; MV BELLO 2015.

The purchase of the newly built vessel was funded by the Bank of Industry (BOI) and First City Monument Bank (FCMB) to execute a five-year contract with Shell Petroleum Development Company Nigeria where she will provide support for crude loading activities at the EA field.

The 80-ton bollard pull AHTS with DP2 capacity is the biggest owned vessel in the organization’s fleet which consists of 21 vessels including crew boats, patrol boats, tug boats, pilot boats and platform support vessels across different oilfield services.

While launching the vessel on Thursday the 24th of August, C&I Leasing’s Managing Director; Andrew Otike-Odibi acknowledged the invaluable support of the project’s financier’s; bank of industry and FCMB as well as the organization’s client – SPDC. He stated thus:

“This new addition to our fleet is a strong demonstration of the government’s commitment to developing local capacity especially in the oil and gas industry.”

He also added that the acquisition of the vessel would reduce foreign exchange demand and increase human capacity development. He expressed his belief that the future of the business is bright considering the difficult operating terrain in the country.

The Managing director, BOI, Mr. Olukayode A. Pitan duly represented by the GM, Large Enterprises, BOI said the financing was to generate employment and grow the country’s economy. He also stated that the vessel is the first vessel supported by BOI and affirmed the willingness of BOI to do more to support many industries that need long term financing.

The managing director of FCMB Mr. Adam Nuhu also present at the event, said the bank will continue to provide solutions and financial support to different sectors of the economy.


About C&I Leasing Plc

C & I leasing plc, listed on the Nigerian Stock Exchange, is the foremost brand for leases and other ancillary services in Nigeria. With staff strength of over 4,500 people and operational offices in key locations in Nigeria and Ghana, the company takes pride in its track record of exceptional and qualitative service delivery.

Today, the C & I Leasing plc brand presence can be felt in major sectors of the Nigerian economy providing specialized services in Marine, Fleet Management, Logistics, Equipment Rentals, Manpower Outsourcing and Transportation.

About First City Monument Bank (FCMB)

First City Monument Bank (FCMB) Limited is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of our customers

About Bank of Industry (BOI)

The Bank of Industry (BOI) that was incorporated in 1959 as ICON Limited and reconstructed into the Nigerian Industrial Development Bank (NIDB) in 1964 and restructured into BOI in 2001, is Nigeria’s oldest and most successful Development Finance Institution.  Due to its sustained impressive performance over the past 57 years, the Bank of Industry with its AA+ rating by FITCH is today, the best internationally rated wholly owned Nigerian bank. It was also rated Ba3 by Moody’s and A+ by Agusto & Co of Nigeria. As Nigeria’s premier Development Finance Institution, BOI has consistently, efficiently and effectively intervened in sectors of the Nigerian economy that market-based financial institutions would not.


# # #

Media Contact:

Ruth Omo-Ezomo

Corporate Communications, C&I Leasing Plc