First City Monument Bank

The First City Monument Bank (FCMB) is in the news again albeit for the wrong reason. A former staff of the bank, one Adebayo Ayokunle has been reportedly arrested and charged before a Lagos Magistrate’s Court for allegedly withdrawing…

First City Monument Bank (FCMB) will, henceforth, flag accounts with huge amount of holders between the ages of 18 – 30 years. The bank has now asked its staff  to be on the lookout for money launderers and other criminal activities in the…

Five top banks in Nigeria paid a total of N1.4 billion as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half of the year.…

The Federal High Court, in Lagos, on Tuesday, ordered the freezing of three bank accounts said to belong to the Lagos State Government over an alleged fraud of N9.9 billion. The three bank accounts, domiciled in First City Monument Bank,…

EMEKA OKOROANYANWU MTN Nigeria Plc which successfully listed its 20.35 billion ordinary shares on the Nigerian Stock Market last week has signed a seven-year N200 billion medium term facility, said Chief Executive Officer of the company, …