Tag: FCMB
-
Appeal Court orders FCMB to deposit N540m damages in Prophet Omale’s libel suit
The Court of Appeal, Abuja has ordered the First City Monument Bank (FCMB) to pay the sum of N540 million damages awarded against it for alleged defamation of Prophet Emmanuel Omale and his wife, Deborah. Justice Yusuf Halilu of a Federal Capital Territory (FCT) High Court had, in a judgment on Oct. 4, 2022, awarded…
-
BREAKING: Founder of FCMB, Otunba Subomi Balogun is dead
The founder of First City Monument Bank (FCMB), Otunba Subomi Balogun has passed away. In reports gathered by Tribune Online, the Olori Omoba of Ijebuland reportedly died in a London hospital on Friday morning.
-
Former banker jailed for diverting customer’s fixed deposit
Federal High Court sitting in Port Harcourt, Rivers State, has convicted a former banker, Emeka Okafor for fraud related offenses. Justice AT Mohammed sentenced Okafor to one-year imprisonment for forgery and uttering of documents.
-
Court awards N540m damages to Prophet Omale against FCMB
A High Court of the Federal Capital Territory in Abuja has awarded the sum of N540 million in damages to Prophet Emmanuel Omale against a commercial bank over alleged negligence and defamation. Justice Yusuf Halilu on Tuesday held that the First City Monument Bank (FCMB) breached its fiduciary duty of care to Prophet Omale,…
-
![[TNG Weekend Extra] Meet six women calling the shots in Nigeria’s banking industry](https://thenewsguru.ng/wp-content/uploads/2021/07/Nigerian-Banks.jpg)
[TNG Weekend Extra] Meet six women calling the shots in Nigeria’s banking industry
The Nigerian banking industry has never had it this good in a long while having six women call the shots in a relatively male dominated industry. What started as a ‘one-off’ case is now gradually becoming the norm in the highly competitive industry. In just one week, two big industry players joined the list of…
-
FCMB appoints new MD/CEO as Adam Nuhu retires
The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. This announcement is subsequent to the end of service of the bank’s former Managing Director, Adam Nuru. The Board had earlier reviewed media allegations made in late 2020 against…
-
FCMB staff bags 4 years imprisonment for stealing customers’ fund
A staff of First City Monument Bank (FCMB), Felix David Diete has been convicted and sentenced to four years imprisonment for stealing the sum of N2,000,000,00 (two million naira only). TheNewsGuru.com (TNG) reports Justice Jane Inyang of the Federal High Court sitting in Yenagoa, Bayelsa State convicted and sentenced Diete. He was jailed on Monday,…
-
Probe: FCMB tenders public apology to Magu’s ‘spiritual father’
First City Monument Bank (FCMB) has tendered a public apology to Emmanuel Omale, general overseer of Divine Hand of God Prophetic Ministries International. Prophet Emmanuel Omale, who claims to be the spiritual guide of the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, had sued First City Monument Bank Plc for…
-
Magu’s ‘spiritual father’ sues FCMB for N5b over alleged false report
For reporting a false report about his financial transactions to the Nigerian Financial Intelligence Unit (NFIU), the General Overseer, Divine Hand of God Prophetic Ministry, Prophet Emmanuel Omale, has sued First City Monument Bank Plc (FMCB) for N5bn. Omale, who claims to be the spiritual guide of the suspended acting Chairman of the Economic and…
-
Magu probe: We mistakenly transferred N573m to Prophet Omale, says FCMB MD, Adam Nuru
Managing Director of First City Monument Bank (FCMB), Adam Nuru said the bank made an error of posting N573 million into the church account of Emmanuel Omale. The Presidential Committee on Audit of Recovered Assets (PCARA) had accused Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), of allegedly using Omale,…