How FCMB duped Niger State N231m, aggrieved party petitions EFCC

While the First City Monument Bank, FCMB and its Shareholders defied the COVID 19 lockdown directives last week, to hold it’s Annual General Meeting (AGM) by proxy and celebrate its N20.1 billion profit for the 2019 financial year, little did the shareholders know that a petition with the Economic and Financial Crimes Commission has exposed the underbelly of FCMB Over N231Million Fraud. According to the document received by the Nigerian Guild of Investigative Journalists, NGIJ on FCMB over a N231Million Fraud. Niger State governor, Alhaji Abubakar Sani-Bello in a letter dated…

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EFCC docks FCMB, 2 staff for fraud and criminal negligence

The Economic and Financial Crimes Commission (EFCC), has arraigned a new generation bank,  First City Monument Bank, FCMB alongside two of its employees-Timothy Shoon, an account officer and Obende Thomas, head of operations-before Justice Mobolaji Olajuwon of the Federal High Court, Makurdi, Benue State on three-count charges bothering on advance fee fraud and criminal negligence.  One of the charges reads: “That you, First City Monument Bank being a financial institution, sometime in February, 2018, in Makurdi within the jurisdiction of this honourable court, as a result of your negligence, failed…

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