Kaduna State Internal Revenue Service (KADIRS) has sealed off Unity Bank, Chicken Republic, Bank of Agriculture, and FCMB, along with Hamdala Hotel, due to unpaid taxes totaling over N100 billion. The enforcement followed failed attempts to settle outstanding Land Use Tax liabilities.
The...
First City Monument Bank has done a patriotic duty flagging a suspected account after an inflow of $54,000 and then doubling down by reporting the account to the Economic and Financial Crimes Commission for investigation.
The bank’s exemplary role came to light in court filing by the EFCC...
The Enugu Zonal office of the Economic and Financial Crimes Commission, EFCC, on Tuesday arraigned one Nwachukwu Placidus, a former manager of First City Monument Bank Ltd, Onitsha Branch and three former bank workers with Idemili Micro Finance Bank Ltd, Nnewi namely; Ohaegbunam Chinyere,Egbosi...
While Ebenezer and Walter were arraigned together on a three- count charge bordering on conspiracy and stealing, Ebenezer was docked separately on five count charge of obtaining money under false pretense. They pleaded not guilty to all the charges preferred against them.
Read more via...
Stories by Chinwendu Obienyi Equities trading on the floor of the Nigerian Stock Exchange (NSE), yesterday, reversed its previous loss of 0.33 per cent as the All Share Index (ASI) was up by 0.51 per cent, on the back of gains recorded by FCMB and Skye Bank , to …
via The Sun News –...
47 gainers emerged at the end of today’s trading against seven losers with Dangote Flourmills Plc leading the other gainers with 10 percent increase, to close at N16.17 from N14.70. FCMB Group Plc followed with 9.05 percent gains to close at N2.17 from N1.99 per share. Alhaji Aliko Dangote Wapic...
An Ibadan-based medical doctor, Olutunde Oni, has dragged First City Monument Bank (FCMB) before an Oyo state High Court sitting in Ibadan over an alleged issuance of counterfeit Euro currency to him.
In a suit numbered I/134/2017, Oni alleged that the bank through Folorunso Abisoye...
First City Monument Bank, FCMB on Tuesday released its audited results for the financial year ended 31 December 2016.
The bank reported a massive 201 percent increase in its profit after tax, rising from N4.76billion in 2015 to N14.34bn at the end of 2016.
The finance institution also reported...
First City Monument Bank, FCMB, has reacted to reports that it has been barred from all foreign exchange transactions by the Central Bank of Nigeria, CBN.
It was reported on Tuesday that the CBN barred several banks in the country from forex transaction for failing to remit the amount they...
Diamond Bank is considering raising fresh capital and selling some assets in order to maintain its capital ratios.
The bank’s management says the capital plan will ensure it meets all regulatory requirements both in the short term and in the future.
Diamond Bank’s capital adequacy ratio had...
First City Monument Bank Limited (FCMB) has closed down some of its branches and sacked staff of those branches.
It was gathered Monday night that the branches affected were those formerly owned by Finbank, which was acquired by the bank.
Although calls to officials of the bank were not...
First City Monument Bank (FCMB) has fired 150 of its staff, a top official of the bank has revealed.
The official said those affected represented five per cent of the bank’s 3,000 workforce. He said the bank had also employed some new staff to replace some of those sacked.
According to him...
First City Monument Bank has been declared BusinessDay's "Most Customer Friendly Bank" in Nigeria. This was announced at the BusinessDay Bankers Awards.
The bank was voted after a rigorous process where several parameters were considered by the award team. FCMB was said to be the bank that...
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