FCMB Makes Vehicle Ownership Easy for Customers


To encourage and simplify vehicle ownership for personal use by millions of Nigerians, First City Monument Bank (FCMB) now offers auto loans of up to N30 million at a reduced interest rate. The FCMB auto loan supports acquiring brand new and pre-owned vehicles (popularly known as “Tokunbo”), with N500,000 as the minimum loan amount that a customer can access for a repayment duration of up to 5 years.

This affirms FCMB's commitment to improving the social well-being of individuals and enhancing access to credit for higher standard of living for families.

Commenting on the unique value proposition, Divisional Head, Personal Banking of the Bank, Mr Shamsideen Fashola, said, "vehicle ownership is one of the most exciting moments in a person's life. Yet, many people struggle to save up for a long time to make this dream come true. To bridge this gap, we created a value proposition that is flexible, convenient and empowers individuals, families and businesses to achieve the dream of vehicle ownership. Nigerians can now finance their dream vehicle with an auto loan from FCMB at a low-interest rate with monthly or yearly payment options depending on their income. We, therefore, urge the populace, including, but not limited to salaried individuals, to take advantage of this opportunity to fulfil their vehicle ownership dream".

FCMB Auto Loan empowers qualified Nigerians to part-finance the purchase of brand-new and pre-owned vehicles while spreading the repayment between one and five years. The loan, which is dependent on the type of vehicle to be purchased, is open to salaried individuals and self-employed Nigerians.

According to the National Bureau of Statistics (NBS), the number of registered vehicles in Nigeria is 13 million. However, vehicle ownership in the country has been declining because of increased prices. This is due to foreign exchange and importation challenges, leading to a drastic reduction in purchasing power and sales decline in the auto industry.

A purpose beyond profit commercial banking institution, First City Monument Bank is a member of FCMB Group Plc, led by Ladi Balogun as Group Chief Executive. The Bank is committed to COVID-19 recovery, income equality and poverty reduction by easing credit constraints to disadvantaged individuals and small businesses. The intervention of FCMB in the automobile sector aligns with Goals 3 and 10 of the Sustainable Development Goals (SDGs), which focus on well-being and reduced inequalities.

Excitement as FCMB Millionaire Promo Goes Digital, Set To Reward 23,000 Customers


More excitement for customers as First City Monument Bank (FCMB) announced Season 8 of its widely famous and successful annual retail campaign, Millionaire Promo. The promo, which rewards and empowers new and existing customers of the Bank with exciting prizes, has gone fully digital. The FCMB Millionaire Promo Season 8, which commenced in April, will end in September and is available to customers via the Bank's Mobile App and WinCity.

WinCity is the gaming platform of the Bank, designed to engage, promote positive interactions and reward customers' loyalty to the brand. It is the first digital promo platform in the Nigerian banking industry where customers get to spin a wheel and win fantastic prizes instantly. The platform democratises access to opportunities to win and enhances the transparency of the promo process. Customers can visit WinCity as many times as they meet the required conditions of the promo.

Speaking on the FCMB Millionaire Promo Season 8, the Divisional Head, Personal Banking, FCMB, Mr. Shamsideen Fashola, said:

"We are excited to kick off the 8th Season of the FCMB Millionaire Promo. The promo was designed to reward customers, enhance their overall experience, and promote financial inclusion and a savings culture. As a responsive and innovative Bank, we are leveraging our Millionaire Promo Season 8 and WinCity gaming platforms to upscale our world-class digital banking offerings to deepen our engagement with customers and reward them in an exciting manner. We encourage Nigerians to partake in this promo because they stand a chance to join several others who emerged winners in previous editions and have established flourishing businesses".

To participate in the promo, existing customers must increase their savings account balance by N5,000 to get a chance to win up to N1m. New customers can open a savings account via the Bank's Mobile App and fund with a minimum of N5,000.00 to qualify to win up to N1m. Multiple deposits of N5,000 will increase the chances of getting more keys to play and win exciting prizes via the new FCMB Mobile App or WinCity.

Apart from the grand prize winner of N1 million, thousands of other customers will win various cash and airtime rewards. Every month, five customers stand a chance to win N100,000 each; 20 others will smile home with N50,000 each; another 50 will be rewarded with N20,000 each, while 100 customers will receive N10,000 each. In addition, 200 customers stand a chance to win N5,000, and another 500 will go home with N2,000 each, while 1,000 and 2,000 customers will get N1,000 and N500 airtime, respectively.

A total of 23,256 customers of FCMB will emerge as winners at the end of the six months of "FCMB Millionaire Promo Season 8". Every month, 3,876 winners will be rewarded.

The "FCMB Millionaire Promo" targets existing and potential savings account customers. The promo has continued to transform lives since its commencement in 2013. Thousands of customers have won exciting prizes, including vehicles, cash, television sets, refrigerators, power generating sets, phones, tablets, and decoders. The digital version promises to be more exciting and rewarding.

A purpose beyond profit commercial banking institution, First City Monument Bank is a member of FCMB Group Plc, led by Ladi Balogun as Group Chief Executive. The Bank is committed to COVID-19 recovery, income equality and poverty reduction by creating opportunities for Nigerians to fulfil their individual and business aspirations.

Nigeria's FastCash Celebrates Two Million Personal Loans Worth 59bln

FastCash, the fastest-growing instant loan solution in Nigeria, is proud to announce its two millionth loan disbursement. All the loans disbursed by the platform are worth NGN 59 billion and have helped customers from different walks of life meet urgent financial needs and achieve their short-term objectives.

This milestone is particularly significant because of its financial inclusion benefits. Every FastCash loan closes the access to finance gap in Nigeria and ensures the well-being of a Nigerian household.

Commenting on this significant achievement, the Divisional Head, Personal Banking of FCMB, Mr Shamsideen Fashola, said, "the amount of trust placed in FastCash by our customers is humbling. We will continue improving on this product to deliver exceptional customer experience. The success we have achieved thus far is a testament to our commitment at FCMB to support our customers through financial technology products that are convenient and accessible".

Launched by First City Monument Bank (FCMB) in 2018, FastCash is a personal digital loan product that makes credit up to N200,000 available to existing customers and non-customers of the Bank in less than five minutes. Customers can conveniently access the loan through the FCMB New Mobile App or by simply dialling the Bank's *329*11.

In addition to FastCash, FCMB also offers a Salary Plus Loan, a consumer credit scheme available to salary account holders. Through this scheme, qualified FCMB customers can access short or medium-term funding before salaries to meet urgent needs, such as school fees payment for their children. Existing customers on Salary Plus can also top up their loans when they require additional financial support.

In vast numbers, Nigerians have adopted FastCash and SalaryPlus. Both products have proven to be excellent solutions for those in need of sudden cash during these challenging times, affirming FCMB's commitment to products and services that close the access to credit gap for all strata of Nigerian society.

First City Monument Bank continues to help improve the financial well-being of millions of Nigerians who have urgent needs for collateral-free loans at a reasonable interest rate.

A purpose beyond profit commercial banking institution, First City Monument Bank is a member of FCMB Group Plc, led by Ladi Balogun as Group Chief Executive. The Bank is committed to COVID-19 recovery, income equality and poverty reduction by easing credit constraints to disadvantaged individuals and small businesses.

FCMB Offerings Meet Customer And Regulatory Requirements – SON


The Standards Organisation of Nigeria (SON) has again validated the capacity of First City Monument Bank (FCMB) to provide best-in-class products and services that always meet consumer and regulatory requirements. SON, the only regulatory body vested with the responsibility of standardising and regulating the quality of all products in Nigeria, has audited and revalidated FCMB's Quality Management System, ISO 9001: 2015, certification.

The regulatory body did a thorough audit and evaluation exercise, which recently covered all departments and branches of the Bank. It reviewed how FCMB executes its Quality Management System (QMS) and how well the framework guarantees continuous improvement and operational efficiency to meet customer and stakeholder needs consistently.

First City Monument Bank accomplished full conformity in all aspects of operations and service delivery review, including leadership, policies, processes, and procedures in line with global best practices. This shows that the Bank has a strong management team that ensures fact-based decisions drive continuous improvement and has a customer-focused process and culture.

Commenting on the recertification, the Managing Director of FCMB, Mrs Yemisi Edun, described it as another proof of the customer-centric focus of the Bank, quality of offerings and overall commitment to best practices.

According to her, "we are pleased that the Standard Organisation of Nigeria has again validated our Quality Management System. This revalidation affirms our commitment to continuous improvement and the agile way we conduct business to meet the ever-changing needs of our esteemed customers. We will continue to live up to our pedigree as an organisation committed to excellence, professionalism, and best practices for the ultimate benefit of our customers and stakeholders".

ISO 9001:2015 certification, awarded to FCMB in 2018 by SON, is the internationally recognised certification for Quality Management Systems. The Bank earned the certification for demonstrating excellence in governance, product development and delivery of services that meet customer and regulatory requirements. Since then, the Bank has consistently improved its operations, product, and service offerings to empower and delight Nigerians.

A purpose beyond profit commercial banking institution, First City Monument Bank, a member of FCMB Group Plc, led by Ladi Balogun as Group Chief Executive, has consistently created opportunities for individual and corporate customers to actualise their aspirations.

Blackcopper Launches BC Health


Blackcopper, one of Nigeria’s leading credit and financial institutions, recently launched its new product - BC Health, a health product that caters for users with health challenges who might require huge amounts for test(s) and treatment.

With this product, Blackcopper is creating an avenue for individuals to access funds for all their medical needs. They are starting with their first partner, Mecure Health, one of the fastest-growing healthcare companies in West Africa that serve millions of patients. With this partnership, patients of Mecure Health and Blackcopper customers can request a loan for their cancer PETCT (Positron Emission Tomography ) diagnosis tests via the Blackcopper app and pay it back in installments.

Blackcopper continues to hold true its core value of collaboration, finding partnerships that help in building customer-centric models that challenge the ideas of what’s possible to better the needs of our customers.

Muyiwa Faulkner, CEO, Blackcopper, states - “Whether in emergencies, or business as usual, getting funds should be hassle-free, and we intend to make medical loans easy, fast, and convenient for you with the best medical treatment for your loved ones or yourself without worrying about the medical bills.”

Basil Agbor, Product Manager, Blackcopper says ’’Accessing funds for health care shouldn't be an uphill task. At Blackcopper we are intentional about providing access to quick funds for Medical Treatment & Services and through this partnership with Mecure we are able to bring this to your doorstep’’

Customers can use the service by downloading the Blackcopper app via Google Playstore or ios.

About Blackcopper

Blackcopper is a digital bank focused on powering life enabling solutions, through credit and a suite of financial services offered seamlessly through digital touch points built with the user in mind. Blackcopper has disbursed over 1.4billion Naira loan transactions and has more than 50,000 activer users.

Blackcopper believes in keeping the wheels turning for business owners by providing financial and business support through seamless and accessible technology driven solutions like Blackcopper Savings, Blackcopper Investment and Blackcopper Health. They empower both individuals and business owners with access to credit, investment, and a community of like-minded individuals. For more information, visit: http://blackcopper.io

FCMB' Top-5-In-5' Season 2: Business Leaders and Experts Rally Entrepreneurs on Productivity


Entrepreneurs, particularly startups, have been charged to acquire knowledge and the right competencies if they must succeed and stand the test of time in a rapidly changing business environment.

Twelve celebrated business leaders and entrepreneurs made this call in Season 2 of the First City Monument Bank (FCMB) knowledge sharing and capacity building series, Top-5-In-5. The series was designed to give Small and Medium Scale Enterprises (SMEs) practical insight into different business areas to inspire them to achieve optimal results.

Offering tips on a wide range of topics, the business leaders noted that no entrepreneur could stand the test of time without the right competencies and offerings aligned with market needs. They added that businesses must have a broad view and offer solutions that exceed expectations to achieve optimum performance and sustainable growth.

Speaking on “How to Grow a Local Startup with Global Appeal“, Mitchell Elegbe, CEO of Interswitch, said entrepreneurs must have a unique business model and be clear on the products or services they are offering to the public.

According to him:

“Customers patronise you because they have a challenge, and you have created a solution to fix that challenge. A clear idea of the problem you solve translates directly to the success of your business. Particularly when it comes to monetising your solutions to hit the bottom line”.

On her part, Nkechi Wigwe, Business Manager, Africa Development Centre, said given the challenges posed by COVID-19, which has led to remote working by employees, entrepreneurs should provide the necessary tools for their staff to work effectively. She also urged them to adopt the right technology, policies and processes to remain relevant and competitive.

Also speaking on the topic, “How to build top of mind awareness on a budget“, the Chief Executive Officer of X3M Group, Steve Babaeko, advised entrepreneurs to build a strong network of partners and customers.

According to him:

“Networking presents you with the opportunity to find others who are either in similar circumstances or can buy into your business. When you network appropriately, doors start to open, and your brand is top of mind. Building professional relationships can help you get new customers, retain current customers, and manage your reputation. Your network is your net worth”.

In his presentation on “How to navigate tax issues as a small business owner“, Taiwo Oyedele, Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouse Coopers, highlighted the importance of professionalism, best business practices and record-keeping.

He stated that:

“Cutting corners will not last. It won’t take you far, especially if you plan to grow your business, scale and become a large organisation. Ensure you commit to doing the right thing, including compliance with laws, regulations and paying taxes. It is a lot more affordable to do the right thing. Though Tax compliance can be complicated, having the right knowledge can help you”.

Emeka Eboegbune, Technology Program Manager at FCMB Group, equally offered tips on “How to harness technology in transforming your business”. He advised entrepreneurs to leverage on digital platforms to market their products and services, adding that:

“To succeed in the digital space, you need to focus on people who work with you. First, consider the skills of your employees. The more digital-minded employees you have, the easier it is for your organisation to grow and succeed. You need to continually refresh your product and respond very quickly to the change in the market. Keep your finger on the pulse of your business, know where customers are going to, why they go there and what they need. Data will help you with that”.

Other prominent thought leaders and experts that featured in this year’s FCMB Top-5-In-5 series are Olori Boye-Ajayi, President, Borderless Trade Network; Ifedayo Durosinmi-Etti, Chief Executive Officer of Herconomy; Joseph Edgar, a Theatre Producer/Investment Banker; Nike Majekodunmi, Chief Executive Officer of Nuts About Cakes; Tomiwa Aladekomo, Chief Executive Officer, Big Cabal Media and Dr Echefu Ukattah, a Senior Associate at Olaniwun Ajayi Legal Practitioners.

The FCMB Top 5-in-5 series aims to make it easier for existing startups to run successful businesses. Topics in this year’s edition cut across entrepreneurship, marketing, technology, personal development, and legal issues, among others.

Like the previous season, the series positions FCMB as an industry leader empowering entrepreneurs and businesses nationwide on how to operate, grow sustainably and improve their business.

A purpose beyond profit commercial banking institution, First City Monument Bank is a member of FCMB Group, led by Ladi Balogun as Group Chief Executive. The bank offers solutions geared towards ensuring that businesses are well equipped to overcome challenges and thrive sustainably.

FCMB is committed to COVID-19 recovery, income equality and poverty reduction by empowering and providing opportunities for individuals and businesses to achieve their aspirations. These align with goals one, eight and ten of the Sustainable Development Goals (SDGs), focused on no poverty, decent work, economic growth, and reduced inequalities.

#FCMBFlexxtern Season Five Opens, Winners get Employment Opportunities


First City Monument Bank (FCMB) has commenced the fifth edition of its #FCMBFlexxtern contest!

The online contest (www.fcmb.com/Flexxtern) is designed for youths between 18 and 30 years. It will run between October 15 and 30, 2021 and offers young Nigerian graduates the opportunity to gain work experience through an internship which could eventually lead to full employment in reputable organisations.

Group Head, Corporate Affairs of FCMB, Mr. Diran Olojo, who disclosed this in a statement released by the bank recently, said, "The #FCMBFlexxtern programme is another platform for Nigerian youths to demonstrate their talent and determination to take leadership positions. We realise that many youths have what it takes to succeed if given access to mentoring, training and practical knowledge. We are excited that the #FCMBFlexxtern initiative has become a catalyst to fast-track the development of a new generation of professionals and leaders."

He said nearly 100 young graduates have benefitted since the programme's inception in 2016, with several of them doing very well in their chosen careers.



How To Participate In #FCMBFlexxtern 5

• Upload a 45-second video on YouTube using the hashtag #FCMBFlexxtern5, explaining why you are the best candidate for the internship opportunity
• Visit the page www.fcmb.com/Flexxtern, click “Participate”, fill the registration form and include the link to your YouTube video.
• Share the link to your entry and invite them to vote for you! The more votes you get, the higher your chances of qualifying for the next stage!
(To see a detailed video of how to participate, just click
https://www.youtube.com/watch?v=x5t7onLtUw8)



FCMB has partnered with some of Nigeria's leading companies on this year's #FCMBFlexxtern initiative, including Insight Publicis, Main One, ActiveEdge Technologies Limited, Proshare, Big Cabal Media, Lumenave International Limited, TISV Digital, Signal Alliance Technology Holding and Youth Empowerment Foundation. Others are Big Cabal Media, Terragon, Wragby Business Solutions, Darway Coast, A4&T Power Solutions, Tender Hearts Foundation and Mitimeth among others.

First City Monument Bank (FCMB) is a member of FCMB Group Plc, Nigeria's leading and most diversified financial holding company with subsidiaries that are market leaders in their respective segments. The bank has built a strong base in various sectors of the nation's economy by consistently offering cutting-edge solutions to its customers across segments.

"If you or anyone you know are fresh graduates between 18-30 years, FCMB Flexxtern Internship program is coming soon. Three-month paid internship and you can also get a permanent job from there. Go to the site www.fcmb.com/Flexxtern to know when it is starting."

https://1drv.ms/v/s!ArhcEm2_NY7yilLbJi-gUkyTty-l (GET READY)

PANDORA PAPERS: Inside the secret offshore companies, London properties of NPA chief, Bello-Koko

The acting Managing Director of Nigerian Ports Authority, Mohammed Bello-Koko, is involved in offshore business, hiding behind two shell companies incorporated in a tax and secrecy haven to anonymously invest in the United Kingdom property market and potentially violating Nigeria’s public service code of conduct laws, the ongoing Pandora Papers reporting has revealed.Mr Bello-Koko is possibly hoping to be confirmed the substantive NPA chief by President Muhammadu Buhari. The current substantive head of the agency, Hadiza Bala-Usman remains on suspension following her disagreement with Transportation Minister, Rotimi Amaechi. It’s unclear if she would be recalled with a probe of her tenure seemingly unending.

Mr Bello-Koko, with his wife, Agatha Anne Koko, enlisted the services of financial secrecy seller, Cook Worldwide and Alemán, Cordero, Galindo & Lee (Alcogal), an offshore law firm, to secretly register Coulwood Limited (reg. number: 1487897) and Marney Limited (reg. number: 1487944) in the British Virgin Islands (BVI), one of the world’s most commonly used tax havens, in 2008. Both companies were registered the same day, June 19, 2008.

However, Mr Bello-Koko remains a director of the two companies even as a public servant in violation of Nigeria’s Code of Conduct Bureau and Tribunal Act (Sections 5 and 6). The regulators in the BVI also had his companies under watch for suspected money laundering, a problem Alcogal appeared to have helped him avoid with some misinformation provided to the regulators.

The revelations came from Pandora Papers, a trove of 11.9 million leaked confidential records obtained by the International Consortium of Investigative Journalists, ICIJ. The ICIJ then coordinated a team of 617 journalists from 150 news outlets, including those from PREMIUM TIMES, to dive into the data. The reporters spent two years sifting through the leaked records, tracking down sources, and digging into court files and other public records from dozens of countries. It is the biggest collaboration of investigative journalists – from 117 countries and territories – in history.

The leaked records came from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients like Mr Bello-Koko, who seek to shroud their financial activities, often suspicious, in secrecy.


Using the two companies, Coulwood Limited and Marney Limited, tucked away offshore, Mr Bello-Koko then anonymously acquired five London properties, Pandora Papers, and public records from the UK Land Registry showed, based on collaborative research by PREMIUM TIMES and Finance Uncovered of London within the larger Pandora Papers project.

One of the properties was acquired in May 2017, after Mr Bello-Koko had taken office at the NPA. He was appointed executive director for finance and administration in 2016 and later acting MD in 2021.

Headquarters of Nigerian Ports Authority
The other four properties were acquired between 2009 and 2012, making Mr Bello-Koko potentially exploit UK tax loopholes that allowed the owning of UK properties using so-called envelope structure, that is, anonymously owning properties through offshore companies.

For instance, up to 2012, when former Finance Minister, George Osborne, declared new rules, owning property via an offshore company meant that ownership could be transferred by selling the company’s shares rather than the property itself, and in doing so, no U.K. property sale tax or capital gains tax would be paid.

Mr Bello-Koko is a former banker with responsibility for managing accounts of energy firms at the defunct FSB International Bank and later Zenith Bank, where he managed Rivers States government accounts in Nigeria’s oil-abundant Niger Delta region.

Although shell companies have been a key feature in illicit financial flow and are used to facilitate drug deals and terrorism financing, owning one is not necessarily illegal and can be for legitimate purposes.

In Mr Bello-Koko’s case, having the shell companies at the time he did as a private-sector worker was not, on the face of it, criminal under Nigerian law.

Experts, however, say shell companies are frequently used to conceal assets and avoid or evade taxes. They are also used by players in corruption high-risk sectors such as banking, government contracting, petroleum, and real estate to facilitate the flow of dirty money, sometimes for shadowy political patrons.

PREMIUM TIMES and Finance Uncovered sent Mr Bello-Koko a written request for comment. For weeks, he declined to explain his acquisition of the properties and provide evidence that he declared them in his Code of Conduct fillings, in accordance with the law. He also declined to provide clarity on why he remained director of the offshore company while a public office holder in Nigeria, in violation of the law.

However, if he did not declare the BVI shell companies or any of the properties they hold, that would be a violation of Nigeria’s code of conduct law for public officials, which requires the declaration of “all” assets and liabilities owned by a person, their spouse and unmarried children under 18 “immediately” after taking office.

https://www.premiumtimesng.com/pandora-papers/488346-pandora-papers-inside-the-secret-offshore-companies-london-properties-of-npa-chief-bello-koko.html

FCMB Promo: Anambra, Zamfara Produce New Millionaires


It was excitement galore for 358 customers of First City Monument Bank (www.fcmb.com) after winning cash prizes at the fifth draws of the ongoing Millionaire Promo season 7, held on September 22, 2021. Two millionaires emerged from the draws, bringing the number of millionaires in this promo edition to seven. Five others had emerged since April when the Season 7 commenced.

The electronic selection of winners happened virtually in the Federal Capital Territory (FCT), Abuja; Uyo, capital of Akwa Ibom State; Ile-Ife in Osun State and Lagos State. It was witnessed by officials of the Federal Competition and Consumer Protection Commission (FCCPC) and the National Lottery Regulatory Commission (NLRC). The draw was also streamed live on YouTube.

The newly minted millionaire customers are Adamu Safaatu of Zamfara State and Anikor Mmadubuchi from Anambra State. They both emerged winners of the star prize of N1 million each. In addition, 356 other customers smiled home with handsome cash prizes of N100,000, N50,000, N25,000 and N10,000, respectively.

Speaking on the draws, Executive Director, Retail Banking, FCMB, Mr. Olu Akanmu, maintained that:

"FCMB will continue to appreciate and empower customers to fulfil their aspirations. This is why we encourage them to save through our promo. The chances to win are quite high for our customers, many of whom have been rewarded today. The fact that thousands of lives have been positively changed through the promo speaks volumes about its impact. It is our desire to ensure that more customers - existing and new - benefit from the promo. We are committed to distinguishing our offerings in the retail banking space."

The FCMB Millionaire Promo Season 7, which is still ongoing, will end this month, while the grand finale holds in October. The promo was designed to drive financial inclusion, promote savings culture, and reward customers that imbibe both. It is open to all customer segments, especially existing and potential savings account holders with the bank.

Apart from the star prize winners of one million Naira each, 703 customers have also won cash prizes of N100,000, N50,000, N25,000 and N10,000 from the monthly draws held in May, June, July, and August since the commencement of the promo in April this year.

In total, over 14,000 customers have won various gifts since 2013, when the bank launched the promo as part of its 30th-anniversary celebration. The gifts included cars, cash prizes of N5 million and N1 million, television sets, power generating sets, refrigerators, phones, and decoders.

To participate in the promo, existing or new customers must increase their savings account balances by N10,000 and maintain them for 30 days to qualify for the monthly virtual draws. Considerable savings in multiples of N10,000 will increase a customer's chance of winning any of the cash prizes on offer.

It takes less than four minutes to open an FCMB account through the bank's digital channels - Mobile App and website - or by visiting any of the over 205 bank branches and thousands of agent locations across Nigeria.

Nigeria's leading lender, First City Monument Bank (FCMB), has emerged as Best SME Bank in Africa and Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards on the 27th of August 2021.

The SME friendly bank beat all other Nigerian and African banks to win national and continental honours. It emerged as Best SME Bank in Africa for the second time at the rigorous, prestigious, and transparent country-level honour programme for consumer financial services and technology in the Middle East and Africa.

Commenting on the awards, the Managing Director of FCMB, Mrs Yemisi Edun, said, "We are excited to win two awards this year, especially the Best SME Bank in Africa, for the second year. This shows that we are meeting the specific needs of customers in this segment and are on a growth trajectory. The awards will inspire us to further expand the frontiers of our innovation and go the extra mile to provide solutions that consistently enhance customer experience."

Thanking the Asian Banker for the awards, Mrs Edun dedicated them to the Bank's SME customers. She added that First City Monument Bank would continue to offer exceptional services, including funding and capacity building to small businesses.

Remarkably, the Bank has taken the lead in digitisation by automating its lending process for SMEs through the FCMB Quickloans platform. Through this channel, the lender has disbursed over N100billion in loans to entrepreneurs. It processes over 25,000 digital loans, with disbursements hitting N9billion in a month in the third quarter of 2021.

In addition, the Bank provides market intelligence and technical assistance support to small businesses, access to intervention funds in partnership with Development Financial Institutions, as well as provision of credit facilities to mitigate the credit risk and collateral gaps experienced in lending to SMEs.

So far, the Bank has provided over N23 billion loan guarantee support to SMEs with inadequate collateral or those in the start-up stage.

Over 30 financial institutions and technology companies from 10 countries in the Middle East and Africa historically send in entries for adjudication at the annual Asian Banker Middle East and Africa Regional Awards. Apart from its panel of international assessors, the judging process is supplemented by BankQuality, a premier rating site for financial service providers and customers.

First City Monument Bank (www.fcmb.com) is a member of FCMB Group Plc, Nigeria's leading and most diversified financial holding company with subsidiaries that are market leaders in their respective segments. The Bank has built a strong base in various sectors of the nation's economy by consistently offering cutting-edge solutions to its customers across segments.

Having transformed successfully into a retail banking and wealth management-led group, FCMB expects to continue to distinguish itself through innovation and the delivery of exceptional services.

FCMB GETS $50M FROM AFDB, INCREASES LENDING TO HIGH IMPACT BUSINESSES

Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument Bank (FCMB), courtesy of a $50m credit facility from the African Development Bank (AfDB).

The $50m credit line will narrow the lending gap to underserved segments and complement FCMB's lending efforts and operations in the Nigerian market. AfDB will disburse the funds to FCMB before the end of this year.

Mrs Yemisi Edun, Managing Director, FCMB, thanked the African Development Bank for having confidence in the Bank, saying the credit line would help it increase lending to high impact sectors of the Nigerian economy.

She said, "The $50m credit line will increase access to finance for women empowered businesses and enterprises involved in agribusiness, manufacturing, renewable energy and healthcare, enabling them to build back better post-COVID.

"We are delighted that a minimum of 30 per cent of the funds will go specifically to women empowered businesses, which would, in turn, contribute to stimulating gender equality and empowerment. Remarkably, it aligns with FCMB's transformative agenda of boosting household economic resilience by improving women's access to credit and work opportunities."

In addition to the $50m, the AfDB will provide a technical assistance grant of $200,000 to FCMB through its Affirmative Finance Action for Women in Africa (AFAWA). The Women Entrepreneurship Finance Initiative, an international partnership supporting women entrepreneurs in developing countries, supports AFAWA. The assistance grant complements the loan and will further strengthen training, monitoring and reporting by the Bank.

In a statement, AfDB's Director of Financial Sector Development, Mr Stefan Nalletamby, said, "We are pleased to support FCMB's strategy to become a dominant player in addressing the funding needs of women-empowered and local enterprises. This project will extend valuable resources to critical but underserved segments during the ongoing COVID-19 pandemic, with its adverse macroeconomic impact".

AfDB added that the project also advances its ten-year strategy and is consistent with three of its high-five strategic priorities. These are industrialise Africa, Feed Africa, and improve the quality of life for the people of Africa. This also aligns with the Nigeria Country Strategy Paper 2020-2024.

Recently, FCMB secured a $10 million facility from Oikocredit, a major global social impact investor and co-operative institution based in The Netherlands, to upscale its impressive financial support to SMEs and the agribusiness sectors in Nigeria.

FCMB is a member of FCMB Group Plc, Nigeria's leading and most diversified financial holding company with subsidiaries that are market leaders in their respective segments. The Bank has built a strong base in various sectors of the nation's economy by consistently offering cutting-edge solutions to its customers across segments.

Having successfully transformed into a retail banking and wealth management-led group, FCMB expects to continue to distinguish itself through innovation and the delivery of exceptional services.
To find out more about FCMB, please visit www.fcmb.com.

FCMB LIMITED ANNOUNCES APPOINTMENT OF MRS. OLUWATOYIN OLAIYA AS EXECUTIVE DIRECTOR, RISK & COMPLIANCE


The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. OluwatoyinOlaiya as Executive Director, Risk & Compliance. This follows the approval of the Central Bank of Nigeria (CBN).

Mrs. Olaiya is a finance and risk management professional with over 30 years of experience. Prior to her appointment, she was the Chief Risk Officer / Divisional Head Risk Management at FCMB, overseeing Enterprise Risk Management, Risk Policy, Credit Administration, Credit Underwriting and Monitoring. She has been responsible for redefining the Bank’s risk policies, improving risk management culture across the institution, and proactively ensuring the implementation of a cyber security strategy for the Bank.

She started her career as an auditor with KPMG, from where she moved to different roles in domestic operations, internal audit, business development, financial control, compliance and enterprise risk management in the banking industry. She joined FCMB in 2016 from Sterling Bank, where she was the Acting Chief Risk Officer.

Mrs. Olaiya is an Accounting graduate of the University of Ife (now Obafemi Awolowo University), and a fellow of the Institute of Chartered Accountants of Nigeria.

FCMB LIMITED ANNOUNCES APPOINTMENT OF MRS YEMISI EDUN AS THE NEW MANAGING DIRECTOR AND SUCCESSOR TO MR ADAM NURU


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 the former MD and did not establish any contravention of its policies. The Board of Directors of FCMB thanks Mr Nuru for his years of dedicated service and wishes him all the best in his future endeavours.

Prior to this appointment, the new Managing Director, Yemisi Edun was the Executive Director/ Chief Financial Officer of the bank and previously served as the acting Managing Director.

With a work experience spanning nearly 35 years, Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

She is a Fellow of the Institute of Chartered Accountants of Nigeria and a Certified Financial Analyst, CFA®️ Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

World Environment Day - FCMB Restates Commitment to Environmental Sustainability; Expands Support To Renewable Energy Sector

First City Monument Bank (FCMB), has re-assured that it will continue to champion, execute and support initiatives that would enhance the ecosystem, as well as tackle some of the adverse effects of climate change and other challenges facing the environment. According to the Bank, this is in recognition of the fact that a cleaner and more sustainable environment is key to building a better world for present and future generations.

FCMB gave the assurance in a statement to commemorate this year's World Environment Day (WED), which held on June 5, 2021 under the theme, "Ecosystem Restoration". The annual WED is one of the principal vehicles through which the United Nations stimulates worldwide awareness of the environment and climate issues. It also serves as an opportunity to remind humanity of the need to protect the environment, as well as encourage responsible conduct by communities, enterprises and individuals in preserving and enhancing it.

Through the years, FCMB, under its Corporate Social Responsibility (CSR) philosophy, has maintained active participation in the WED. The institution does this by organizing and hosting various educative programmes, in partnership with the Nigeria Conservation Foundation and other stakeholders. For this year's edition, the Bank mobilised staff, hundreds of students and young Nigerians nationwide to plant trees in the six geopolitical zones of the country, as part of its "Go Green" initiative. The tree planting exercise, which also forms part of the Bank’s Employee Volunteering Scheme, would go a long way towards restoring the balance of the ecosystem and improving the environment.

The Bank's sustainability agenda is underpinned by the nine pillars of the Nigerian Sustainable Banking Principles (NSBPs) developed and adopted by the Bankers’ Committee in 2012. The NSBPs encourage Banks to promote economic growth, business opportunities, and enhance innovation and competitiveness, whilst protecting communities and the environment in the course of daily activities.

Speaking on FCMB's commitment to environmental sustainability and the WED, the Group Head, Corporate Affairs, Mr. Diran Olojo, stated that these interventions are part of the Bank's progressive journey and contribution towards making the world a better place. According to him:

"We are aware that climate change is one of the defining issues of our generation, threatening the existence and development of humanity and businesses. In Nigeria, the devastating effects of climate change are being felt through land degradation, deforestation, drought, flood, high temperature, migration, low agricultural output, unemployment, among other, negative effects. These limit opportunities for human and business growth, which is why we are committed to playing an active role to address these challenges as one of the major contributors to the development of Nigeria".

He assured that:

"As a responsible and futuristic corporate organisation, our business decisions and operations will continue to take into consideration factors that could negatively impact the environment, society and hinder long-term growth prospects. We are also focused on creating opportunities that foster realisation of the personal and business aspirations of our customers, other stakeholders and Nigeria in general in a sustainable manner. Our work in the renewable energy sector and advocacy on issues relating to the climate and environment amplify this commitment".

FCMB has over the years driven and offered significant support to initiatives that would ensure environmental protection and sustainability. The Bank executes these through robust policies and procedures embedded in its Social and Environmental Management System (SEMS).

It is worthy of note that FCMB has taken the lead in the renewable energy sector, through capacity building sessions, access to funding and provision of opportunities for developers and end-users to connect in meaningful, productive ways. The Bank has executed credit enhancement agreements worth N20.9 billion to support renewable and energy efficient projects. This is meant to improve the supply of energy, enhance cost efficiency and access to clean energy.

In addition, the lender has consistently grown its loan portfolio to mini-grid developers, commercial and industrial energy efficiency providers, and solar home system distributors. For instance, it is on track to finance projects that would deliver over 10,000 new solar-powered electricity connections to households and businesses across various communities by the end of 2021. The Bank has also developed a product for Mini-Grid developers, under the World Bank/Rural Electrification Agency (REA) of Nigeria scheme. Through this, businesses in the renewable energy sector can access loans of up to 70% of the project cost without collateral. FCMB is also set to roll-out loans to households to purchase solar home systems. This follows a successful introduction of this product for its employees to enable them procure solar power systems at a reduced rate, for use in their homes.

Among other environmental sustainability programmes, FCMB engages in corporate recycling projects through which wastes generated at its Head Office in Lagos and some of its branches in Oyo and Abia states are collected and recycled for other valuable purposes. Also, more than 100 branches of the financial institution nationwide run on solar power. This has drastically reduced carbon emissions and helped to create a cleaner environment, while delivering uninterrupted and real time services to its esteemed customers. In recognition of this feat and several other strides, FCMB was conferred with a "Sustainability Award" in March 2021 by Starsight, a leading power utility organisation.

FCMB recently took a step further by unveiling a plan to fully upscale its solar power system in all branches in Nigeria by 2025, as well as reduce cost of consumables by 75% through constant improvement in the automation of all its operating procedures. The Bank also engages its stakeholders on opportunities that solar energy provides, to enable them appreciate the importance of a carbon free environment.

Since 2016 the Bank has also consistently supported the Lagos State Government’s Cleaner Lagos Project to achieve a cleaner greener environment. The financial institution also carries out an awareness initiative, tagged "Sustainable Saturday", where posts are shared across its social media handles, encouraging individuals and organisations to take positive actions in maintaining a safe and cleaner environment.

Analysts have expressed confidence that FCMB's conscious interventions in promoting environmental protection and sustainability would go a long way to enhance its competitiveness and performance in the new world economic order.

For more information about FCMB and its unique propositions, please visit www.fcmb.com.

FCMB Introduces Paperless and Cardless Transactions at Branches, ATMs and POS Terminals


Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints and Bank Verification Numbers (BVNs). This followed the introduction of paperless transactions within the Bank's over 200 branches in Nigeria. With this innovation, customers no longer require deposit slips, withdrawal booklets, or cheque books to carry out over-the-counter transactions.

In addition, FCMB customers now have the opportunity to enjoy cardless banking experience by just using their fingerprints to withdraw and deposit cash at 575 select biometric Automated Teller Machine (ATM) points of the Bank spread across the country and via biometric Point of Sales (PoS) terminals available within the Bank's branches.

Beyond this, the 575 biometric ATMs of FCMB can be used by customers for intra and interbank transfers as well as change of PIN and data update. The simple, convenient and secure cardless services are available for use when customers do not wish to go out with their debit cards or these are inaccessible due to loss or damage.

With these innovations, FCMB has again taken a bold step towards driving value-added digital banking solutions in Nigeria that would significantly promote financial inclusion.

Commenting on the introduction of the cardless service, the Executive Director, Retail Banking of FCMB, Mr. Olu Akanmu, described it as another turning point and milestone in the digital transformation drive of the lender.

According to him, "the FCMB cardless biometric transaction on ATM is a pioneering innovation in digital banking in Nigeria that provides wider access to ATM usage for many more people who may not have debit cards. It delivers greater financial inclusion. Its biometric identity factor also delivers enhanced security and convenience for customers, taking their digital experience to the next level".

Also speaking on the paperless over-the-counter transactions, the Divisional Head, Service Management and Operations of FCMB, Mr. Oluwakayode Adigun, assured that, "we will continue to re-engineer our processes and services by leveraging on emerging technologies and innovation to offer seamless customer experience at all our channels and touch-points".

With customer base in excess of 6 million, over 200 branches spread across Nigeria and upward growth in overall performance, FCMB has consistently upscaled its operations, product and service offerings to empower and delight Nigerians. The Bank's resolve to create a unique user experience for customers has inspired it to successfully create opportunities, while also supporting their individual and business aspirations in various segments.

For more information about FCMB and its unique propositions, please visit www.fcmb.com.

The Founder of FCMB Group and notable philanthropist, Otunba Olasubomi Balogun (CON), has formally handed over his Otunba Tunwase National Paediatrics Centre (OTNPC), located at Ijebu Ode, Ogun State, to the management of the University of Ibadan and the University College Hospital (UCH). The gesture is part of his conscious efforts towards ensuring that Nigerians, especially children, have access to world class healthcare facilities and specialised treatment services. The cost of the hospital is estimated at over N5 billion.

The transfer of the hospital to UI and UCH was preceded by the signing of a Memorandum of Understanding (MoU), which clearly states how the Centre is to be managed by the parties, on October 1, 2020 in Lagos.

The formal hand over ceremony, which took place on January 19, 2021 in the premises of the hospital, was attended by the Group Chief Executive, FCMB Group and Board Chairman, Otunba Tunwase Foundation, Mr. Ladi Balogun; the Group Head, Corporate Affairs of FCMB, Mr. Diran Olojo; the Acting Vice Chancellor of the University of Ibadan, Professor Adebola Ekanola, (who was unavoidably absent), was represented by the Provost of the College of Medicine, Professor Yinka Omigbodun; the Management of University College Hospital, led by its Chief Medical Director, Professor Abiodun Otegbayo; the Interim Transition Management Committee of OTNPC led by the Chairman, Dr. Adeyinka Hassan, as well as other eminent personalities.

In his address, the Group Chief Executive, FCMB Group, Mr. Ladi Balogun, who represented the Founder of FCMB Group, Otunba Olasubomi Balogun, gave an insight to what inspired the business mogul to take up the extraordinary philanthropic project almost 11 years ago.

He recalled that, "the inspiration by Otunba Olasubomi Balogun to build this great establishment started when he took over the children's hospital at the UCH Ibadan, where he was exposed to the true plight of sick children and the high demand for world class facilities to cater for their needs in a sustainable manner. An interaction with the then Minister of Health, late Professor Olikoye Ransome-Kuti, further propelled Otunba Balogun to do more in terms of the provision of world class medical facilities. The exposure and interaction later became the brainchild of this N5 billion establishment, credited as a prototype of the Ormond Street Children's Hospital in London, United Kimgdom".

Speaking on the Banking icon's decision to hand over the control and management of the Centre to UI and UCH, Mr. Balogun disclosed that, "at the end of its construction, some institutions requested to manage the hospital, but Otunba Balogun strongly believes that the University of Ibadan and University College Hospital are in a better position to do that effectively and further raise its status, considering their respective pedigrees.”

He further explained that, "following the signing of the MoU last year by all the concerned parties, the resolution is that while the University College Hospital has been mandated to provide clinical services, the University of Ibadan will engage in research and other academic works, whilestudents from UI would also be involved as part of the training".

Appreciating the gesture, the Chief Medical Director, UCH Ibadan, Professor Otegbayo, said that it is an indisputable fact that the health and welfare of society are critical to the development of any community.

According to him, "we at the UCH are grateful for this opportunity to contribute to the well-being of residents in Ijebu community, Ogun State and Nigeria at large. We promise that as soon as all the legal nuances are sorted out, we shall fully move in and continue with what UCH is known for; unequalled provision of health care services, research and training”.

Commenting further on Otunba Balogun’s continuous generosity, he stressed that, "the UCH is not just witnessing the generosity and benevolence of Otunba Balogun now. Many years ago, he endowed the Otunba Tunwase Children Emergency Ward in UCH and he has been funding the Ward since then. A lot of children have been saved there, whiletraining and research in Paediatrics have been going on unhindered.”

In her remarks, the Provost, College of Medicine, Professor Omigbodun, expressed delight at the official hand over of the hospital to both the university and UCH. She lauded Otunba Balogun for handing over the management of the hospital to the institutions.

According to her, "we are extremely grateful to Otunba Subomi Balogun for this generous contribution to the medical sector. This Centre would certainly contribute immensely to the training and research activities carried out by our academics. It is our hope that other Nigerians who have achieved greatness in their various fields would emulate him”.

Otunba Subomi Balogun is a well-known statesman, entrepreneur and philanthropist with several charitable projects and programmes for the people of his hometown of Ijebu-Ode, as well as many other parts of Nigeria. His philanthropy ranges from the provision of this world class medical facility to education, capacity building, youth empowerment and other socio-economic initiatives, aimed at enhancing the development of humanity and society in general.

.........Legal expert says bank can take action against peddlers



The Bank Customers Association of Nigeria (BCAN) late Sunday detested in unequivocal terms the attempt by some social media commentators and publishers to disparage the image of the First City Monument Bank (FCMB) in the face of the ongoing controversies over alleged extra-marital affairs of the bank’s Managing Director, Mr. Adam Nuru, describing the act of the commentators as unjustifiable.

The National President of the umbrella body of bank customers in Nigeria, Dr. Uju Ogubunka, in a chat with BRTNews.ng, condemned the ongoing efforts of some agents on social media platforms to denigrate the FCMB brand through photo-shopped posts that don’t represent the ideals the bank had been noted for over the years.

The chartered banker and former Registrar/Chief Executive Officer of the Chartered Institute of Bankers of Nigeria (CIBN), while reacting to enquiries by our correspondent on the alleged infidelity of the bank’s chief and raging calls for his sack and other issues relating to the saga, said most of the calls were not logical when analysed within the context of professional ism and implications for the financial system.

According to him, since the issues being raised remain just allegations there is need for everyone to wait until investigations promised by the bank’s board on the matter are completed and the findings made known that passing judgment on the embattled Mr. Nuru can be reasonable.

He said: “This is, according to you, an allegation. No right thinking person relies on allegation to take action. Perhaps, the exception is investigative action. As per the question on people calling the CBN to sack the MD, CBN is not the employer of the CEO. So, action, if there is any to be taken, is not for the CBN to take.

“Again on the denigrating postings by some Nigerians or commentators on social media about FCMB, I want to say it is not the business of bank customers to take position on issues that are said to be allegations. So, it will be honourable for BCAN members to ‘mind their business’

“The Nigerian banking industry has a Code of Ethics which can situate the issue when or if investigated and results show a breach of the ethical code. I suggest that premium should not be placed on the unverified and unconfirmed “allegation”. Science and technology have advanced that determination of paternity can easily be ascertained.

“There is no need to tarnish or damage peoples’ and institutions’ names, based on allegation(s)”, Ogubunka stressed.

Over the past few days, some social media abusers and commentators have thrown caution to the winds by ‘photo-shopping’ the FCMB logo and inscribing ‘Your wife and I’ rider on it thereby portraying the bank in bad light.

Commenting on such acts from a legal perspective, a legal practitioner, who spoke on the condition of anonymity, said “all those engaging in that type of act are actually ignorant of the law.

“In all honesty, such acts are libelous and if the FCMB board or even shareholders decide to take legal action against any of them, including those sharing such detestable messages through their platforms, they will all be in serious trouble.

“For God sake, how could anybody descend so low to be tampering with the image of a legal person all in an attempt to validate an allegation against the MD which is yet to be legally proved?”, the lawyer queried.

Let me first out myself. I am a former Employee of FCMB. I worked there for a bit in the securities trading arm, CSL. CSL is a legendary institution that continues to be the corner piece of the Nigerian Capital Market. I was the Head of Local Business.

One thing that attracted me to the firm was its legacy. Its founder, Chief Subomi Balogun was a hero of sorts to young Stockbrokers like myself. He had built the institution from his boot straps to the behemoth it is today with over 50,000 Shareholders.

My first day at work, I was taken in a ride by the then Managing Director Ladi Balogun on his way to a meeting with Aliko Dangote and in those few minutes he perfectly situated the values that drove the institution. Ethical standards and integrity were the words he kept repeating as he stressed the need for me to join as he attempted to reclaim market share in the Local Securities market.

I stayed with the Bank for over 15months and having worked in several financial instutions including about four Banks and several stockbroking and Asset Management Firms, I can safely say that the ethical standards at FCMB stand shoulder high above its peers. The FCMB woman is well regarded, with access to the very top to discuss her issues. They even have the FCMB Woman Platform which seeks to build cohesion and gives the FCMB woman the much needed push to fulfil whatever it is is her career goals.

That said, the news of the alleged dalliance between the well regarded MD Mr. Nuru and the former staff leading to the supposed siring of two kids by him while still in her marriage and ultimately leading to her husbands passing has captured the imagination of Nigerians powerfully.

Daily the keen observer is assailed with all sort of social media commentary, memes and the rest on the matter. I hear an online petition has been in circulation with varied numbers being quoted as signatures asking both the FCMB and the CBN to act on the matter. A memo allegedly sent out by Group Managing Director Ladi Balogun quoting that the issue could derail the achievements’ of the Bank in the just concluded year is leaked, fueling calls for his removal.

All these have thrown up very important questions on the ethical behaviors of Bankers and its effect on the Bank’s public image and much more importantly the profitability of the Bank on the one hand and the safety of public funds in its custody on the other. It is also putting the regulator to task on the issue.

But tarry awhile. Why all these fervor on an unsigned petition innocuously posted on social media. How do we move against a Man based on a mere allegation without anybody coming out to own up to the allegations. Up until this point as I write, I have not seen a signed petition accusing the man of all of these allegations. What we are seeing so far are online petitions from people on the back of the anonymous triggerr post. Should we now then hang a man based on this? Based on public push which is as is the case quite emotional.

The arbitrariness of this matter and others like this especially on social media is scary. What this portends is that if Nuru falls then anybody can fall based on any story thrown up there just by anybody. Before I am castigated, please note that I am not taking a stand as to Mr. Nuru’s innocence or not or if he breeched Banks ethical rules or what not. All I am just saying is that there has been no concrete complaint from either the Mr. Thomas accusing this man of this heinous crime, nor an official complaint from the Woman alleging rape, forceful sex or any type of abuse using his power as a boss over her. We have not even seen DNA certification confirming the parentage of the children. All that is in the public domain are pictures of children who have an uncanny resemblance to Mr. Nuru. Are there sufficient factual and legal evidence to begin to push for the Mr. Nurus head.

In the last five years, Nigerians have witnessed the growth of what some of us have called digital mobs who unlike their physical counterparts who roast with used tyres and bonfires, these ones do thier with words on social media. The arbitrariness and disregard for processes and institutionalized structures for arbitration continues to weaken the levers that hold society together pushing us closer to anarchy.

The FCMB I know have well tested and well-ordered structures for getting relieve if your rights have been trampled. I have gone through it as a boss. I had lost my temper during a heated meeting and unwittingly threw a pencil at a junior staff. She went through the process and I faced a disciplinary Committee and was found guilty. The system didn’t care that as at that time I Was number 3 in hierarchy in our subsidiary and that this lady was very near the bottom in hierarchy, I was made to face the music. Same I am very confident would be the case if there is an official approach to this matter by any complainant even if it is me being Mr. Thomas Landlord.



The major issue here is not even Mr. Nuru and his supposed errant private member but our societies’ eagerness to throw caution and common sense into the gutters in matters like this while putting on the toga of arbitrariness in pushing this types of issues. I fear that our institutions for fear of Market share can bow to public pressure and take decisions that would further weaken them and infringe on the human rights of their people.

Please in conclusion, where is Mrs Thomas in all of these for only she can solve this problem. Her position would either indict or free Mr. Nuru, she has to answer some very salient questions – was she in an affair with Mr. Nuru while at FCMB, was she in that affair willingly or not and who truly is the father of the child and where she has no answer to the last question, would she willingly take a DNA test on this matter.

My advise to FCMB is to stand firm by its rules, do not be pressured to take hasty decision by a fickle social media crowd who will move on to the next hot gist, while you would have destroyed not only the career of a man who is possibly innocent and in the same vein destroy the fabrics that hold your institution together. Seek the facts and base your decision on those facts.

I wish you a fruitful review of the matter. But will I close my account with FCMB cos the MD has two children with a married staff? I think not. Thank you



*Written By Joseph Edgar

First City Monument Bank (FCMB) has again proved its mettle as a customer-centric financial institution that cares for the comfort of its customers by opening a world class Cash Centre at Ikorodu, Lagos.

The ultra-modern Cash Centre, located at Oluwarotimi Adeola Street, Ori Okuta Junction, Off Isawo Road, Ajaguro-Owutu, Ikorodu, takes into consideration the convenience of residents and businesses present within Owutu and its environs, including the popular Ikorodu garage, Agric Junction and Haruna areas. The development, which is coming two weeks after the Bank opened another Cash Centre at Ipaja, a suburb in Alimosho local government in Lagos, is in line with the commitment of FCMB to bring financial services closer to the populace to deepen financial inclusion, especially in densely populated areas like Ikorodu where a large number of people desire excellent banking services.

The Cash Centre, which commenced operations on December 21, 2020, is powered by solar energy, and equipped with latest traditional and digital banking infrastructure that ensures convenient and secured financial transactions for customers in a relaxed and tranquil environment. This is in addition to the team of highly experienced staff deployed to attend to the needs of existing and potential customers of the Bank.

Speaking on the opening of the FCMB Cash Centre at Owutu, Ikorodu, the Managing Director, Mr. Adam Nuru, reaffirmed the commitment of the Bank to grow its network to meet the individual and business aspirations of its ever-increasing customer base across segments.

According to him, "this is another turning point in our commitment to ensure that Nigerians enjoy the very best of Banking experience from FCMB. We consider our presence at Owutu, Ikorodu as another great opportunity to further cement our relationship with Lagos and in turn, drive development in this part of the state. Ikorodu is one the fastest growing residential and business hubs in Lagos. As an inclusive lender, we recognise that the only way we can succeed is when we engage and support our customers to succeed.'’.

Also commenting, the Divisional Head, Service Management of FCMB, Mr. Oluwakayode Adigun, said, "having a second physical outlet in Ikorodu to support our long existing Branch in the town reinforces our customer-centric approach. We assure that individuals and businesses at Owutu and its environs will enjoy the valued-added offerings which FCMB has been known for since its establishment 37 years ago. We will also use the opportunity to further optimise our strategic digital transformation drive by deploying channels that would promote rapid growth in the area. We urge existing and potential customers to take advantage of the benefits which the Cash Centre offers by banking with FCMB".

FCMB, as a foremost financial institution in Nigeria, has continued to wax stronger by re-engineering its processes and leveraging on emerging technologies to offer seamless customer experience at all channels. This is in line with its values of Execution, Professionalism, Innovation and Customer-focus (EPIC)". With its more than 6 million customer base, over 200 branches spread across Nigeria and upward growth in overall performance, the Bank has consistently proved its mettle as a resilient and dominant player in the Nigerian financial services industry.

These strides have earned the Bank several accolades and awards. The Bank recently emerged as winner of the prestigious award of Best SME Bank in Africa at the Asian Banker Middle East and Africa Regional Awards. In 2019, the lender was conferred with the award of "Most Business-Friendly Bank" at the BusinesDay Banking and Finance Awards. It equally bagged the award of "Excellence in Customer Experience" at the Finnovex Award held last year. In addition, FCMB was rated as the number one Bank for SMEs in Nigeria, courtesy of the Nigeria Banking Industry Customer Experience Survey report by KPMG.

With a clear understanding of its market and environment, FCMB is well positioned to continue to create value by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of its customers.

For more information about FCMB and it's wide range of financial services, please visit www.fcmb.com

First City Monument Bank (FCMB), a foremost financial services provider in Nigeria, has been voted as the Best SME Bank in Africa. The Bank won the prestigious award at the Asian Banker Middle East and Africa Regional Awards held virtually on November 5, 2020. The development is another confirmation of FCMB’s outstanding performance in offering exceptional services, including funding, capacity building and other value-added supports, to Small and Medium Scale Enterprises (SMEs).

The Asian Banker is an authoritative platform for strategic business information for the financial services industry worldwide. The annual Awards organised by the firm is one of the most comprehensive, transparent and respected in the industry covering the full spectrum of topics and areas that constitute the financial services system.

According to the Asian Banker, FCMB emerged as the Best SME Bank in Africa following, “series of online surveys across the region to gather feedback from thousands of customers per market. In the survey, we also asked customers to rate how well their main Banks have helped them during the crisis. The results and rankings are a true reflection of the voice of the customers”.

The organisers further stated that, “FCMB has introduced various digital initiatives into the SMEs segment, such as digital loan products (Quickloans) and its New Mobile banking platform. In addition, the Bank launched a platform, which was a first of its kind, to help women owned businesses scale up, by leveraging access to financing schemes, mentorship programmes, as well as training and networking opportunities. FCMB has equally helped SMEs to enhance capacity, thereby improving their business operations, connect with peers and access to trusted service professionals. The Bank has a 25% market share in the SME business, and in 2019 had more than 300,000 new accounts in this segment. We commend FCMB for its incredible contributions towards ensuring the growth and sustainable development of SMEs within the region”.

Commenting on the award, the Managing Director of FCMB, Mr. Adam Nuru, described it as another milestone and a clear demonstration that the various strategic initiatives and solutions offered by the Bank are yielding the desired results and appreciated in Nigeria and internationally.

According to him, “we are excited to have been recognised by the Asian Banker for our market leading propositions and support to SMEs, which continue to make real impact on businesses and the economy in general. This award is another validation that we are on track in our customer-centric approach to financial services delivery. We will continue to expand the frontiers of our innovation and go the extra mile to deploy offerings that consistently enhance customer experience. We thank the Asian Banker and the respondents for considering us worthy as the Best SME Bank in Africa. We dedicate this award to our customers who have made FCMB what it is today’’.

Speaking while receiving the award, the Executive Director, Business Development, FCMB, Mrs. Bukola Smith, stated that, “as a resilient, inclusive and responsive institution, we have continued to deploy solutions to transform the challenges posed by COVID-19 to opportunities for our customers by leveraging on our robust technology, digital transformation drive and highly professional team. Our SME Banking offerings have significantly changed lives through job and wealth creation, among other benefits. This is because, we believe that the only way we can succeed is when our customers succeed. We are very proud to be the Best SME Bank in Africa, particularly coming after KPMG rated us as the Best SME Bank in Nigeria in the 2019 Nigeria Banking Industry Customer Experience Survey report. This latest award will undoubtedly inspire us to perform better”.

For more information about FCMB and its propositions for SMEs, please visit www.fcmb.com/business-banking.

First City Monument Bank (FCMB) has restated its commitment to provide the very best of service delivery and value-added offerings that will consistently enhance the experience of its teeming customers at every touch point. The Bank further assured that it will continue to leverage on its solid business models, highly professional staff, innovation, bespoke solutions and technology to turn the aspirations of customers to life changing opportunities.

FCMB gave the assurance in a statement to commemorate this year’s international Customer Service Week, holding from October 5 to 9, 2020, under the theme, “Dream Team”. The theme essentially highlights the importance of teamwork in providing outstanding service to all customers at this challenging period.

In the statement, FCMB announced several exciting activities to make this year’s Customer Service Week memorable, including a customer appreciation drive whereby customers who buy airtime worth N500 and above via the Bank's *329# USSD channel get a 10% bonus add-on all through the week; and a virtual question and answer session between customers and the Divisional Head, Service Management & Technology. In addition, cakes will be delivered to children who operate kiddies account with FCMB and whose birthdays fall within the customer service week.

Employees of the Bank are also not left out of the customer service week celebration. A virtual party will hold on Friday, October 9, during which some employees will be recognised and celebrated for their achievements and overall championing of FCMB’s core values of Execution, Professionalism, Innovation and Customer-focus (EPIC).
Commenting on the 2020 edition of the Customer Service Week, the Divisional Head, Service Management & Technology of FCMB, Mr. Oluwakayode Adigun, said “This year's Customer Service Week resonates deeply with us, because we pride ourselves as an institution that is made up of world class professionals driven by a culture of excellence. In addition, we consistently go the extra mile to develop and offer solutions that align with the lifestyle and aspirations of the various segments of the population we serve. For all of these, we are again using the opportunity of the customer service week to express our appreciation to our stakeholders".
With over 6 million customers as well as over 200 branches spread across Nigeria and consistent growth in overall performance, FCMB has proved to be a resilient and dominant player in the Nigerian financial industry.
The Bank has deepened and sustained its support to Nigerians and the economy, through various interventions, to mitigate the effect of the pandemic in the country, including the recent reduction of interest rates on all consumer loan products, to help customers free up extra income to meet other expenses in a convenient manner. FCMB also recently launched a Health Advisory Service, an on-demand health information service in collaboration with Wellvis.org, which makes it easier for Nigerians to access quality healthcare from the convenience of their homes, offices or even on the go.

First City Monument Bank 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. For more information about how FCMB can support fulfilment of your aspirations, please visit www.fcmb.com.

First City Monument Bank (FCMB) has again lived up to expectation as a customer-centric and responsive Bank. The latest in the series of actions taken by the financial institution is a reduction of interest rates on all consumer loan products.

The reduction, which took effect from August 12, 2020 applies to all Salary Plus Loans, including Premium Salary Plus, Auto Loans and Home Loans, of FCMB, whether they are newly disbursed or already running loans. The slash of interest rates means that customers will be repaying lower amounts each month and can also borrow higher amounts than previously. In addition to the benefits of interest rates reduction, customers also have the option to restructure their consumer loans by opting for reduced tenure instead of reduced repayment amount.

In a statement, FCMB explained that the decision to reduce interest rates and restructure its consumer loan products in a more flexible manner are the latest initiatives in response to the current economic realities induced by the novel COVID-19 (coronavirus) pandemic, which has impacted negatively on personal and households income and expenditure, as well as on businesses and the socio-economic environment in general.

FCMB’s bold move to cut interest rates has been applauded by customers, as it will go a long way in enhancing standard of living by helping customers free up extra income to boost purchasing power and meet other expenses in a convenient manner. The development is also expected to have a multiplier effect on the Nigerian economy in terms of stimulating growth and development.

Commenting on the interest rate reduction and restructuring of repayment tenure, the Executive Director, Retail Banking of FCMB, Mr. Olu Akanmu, said, “we realise the financial challenges confronting our customers due to the prevailing economic situation caused by COVID-19. As a caring and responsive Bank, we are committed to give them all the support needed to ease the situation. This year alone, we have given out more than N30 billion in retail loans to over 475,000 customers. Because we have also digitized the application process for many of our loans, customers can get some loans instantly simply by applying on their mobile phone or the ATM. With
the reduction in interest rates, we expect to make positive impact in more lives by giving our customers the financial support they need, when it matters most”.

With a customer base of almost 6 million as at the end of June 2020, robust digital banking offerings cutting across mobile, internet and ATM platforms, as well as over 200 branches spread across Nigeria, FCMB offers bespoke financial solutions that align with the lifestyles of its existing and potential customers.

The Bank’s giant strides and consistent impressive performance in the retail segment of the Nigerian banking industry continues to receive positive affirmation. FCMB was conferred with the award of “Most Business-Friendly Bank” at the 2019 edition of the Business Day Banking and Finance Awards. It equally bagged the award of “Excellence in Customer Experience” at the Finnovex Award held last year.

In 2018, it won the prestigious award of ‘’Excellence in Retail Banking’’ at the New Age Banking Summit & Awards.

First City Monument Bank (FCMB) 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 banking and investment management led group, FCMB expects to continue to distinguish itself through innovation and the delivery of exceptional services.

For more information, please visit www.fcmb.com

First City Monument Bank Announces The FCMB Agritech EPIC Pitch 2020, In Partnership With Passion Incubator




Committed to “Redefining and repositioning Agricultural value chains during and post the COVID-19 era”


The agriculture sector in Nigeria and the larger African continent faces a number of challenges including climate and weather, rural-urban migration, lack of expertise and limited access to funding. While solutions to address these challenges have increased year on year with great success, more still has to be done before Africa can fulfil its potential of being the “food basket for the world”.

First City Monument Bank (FCMB), one of the biggest financial players in the development of Nigeria’s agriculture sector, has announced the 2020 edition of the FCMB Agritech Epic Pitch, through which it plans to sustain funding for early to growth-stage entrepreneurs to grow and scale their Agritech businesses.

In its 3rd Year, the FCMB Agritech Epic Pitch 2020 will be implemented through Hub One (the Bank’s tech Hub located in Lagos, Nigeria) in partnership with Passion Incubator, a Lagos-based early-stage tech incubator and accelerator. For this edition, FCMB will be providing grant funding of NGN1.5million to 2 tech start-ups in the agriculture sector to support their business growth as well as access to free word-class workspace, steady market and a robust network that stimulates innovation, collaboration and business growth.

In view of the COVID-19 pandemic, the FCMB Agritech Epic Pitch 2020 is the first virtual edition of the initiative, but is positioned to deliver the same value to participants, as demonstrated in previous editions. According to Rolayo Akhigbe, Divisional Head, Transaction Banking, FCMB“We are passionate about supporting Nigeria’s tech ecosystem and this initiative is one of the ways through which we are building and accelerating the growth of the Agritech Startups in Nigeria, as well as the larger African continent…”

Also according to Kudzai Gumunyu, Divisional Head, Agric Business “This initiative plays an important role in helping young and driven Nigerian entrepreneurs grow their Agric-focused business. This mission would eventually build investible, sustainable and scalable AgriTech businesses that can contribute to the nation’s employment rate as well as the growth of the nation’s GDP”.

Application for the program is currently open. Entrepreneurs in the Agritech space should apply by visiting https://on.fcmb.com/AEP. The deadline for application is July 24, 2020.

The program will also feature a virtual conference with the theme “Redefining and repositioning Agricultural value chains during and post the COVID-19 era”, which will bring together some global experts to discuss and share some insights on the Agricultural value chains.

For more information about Hub One, as well as other FCMB initiatives in support of the tech ecosystem, visit https://www.fcmb.com/hub-one/

CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The appointment of the firm, as announced by the Debt Management Office (DMO) on February 18, 2020, followed an open competitive bidding process in which other Stockbrokers participated.

With the appointment, CSL Stockbrokers now has the mandate to execute all transactions of the Federal Government on the Nigeria Stock Exchange (NSE). This includes, posting bid and offer prices of government securities, supporting the DMO’s objective of promoting trading of Federal Government securities on the Exchange and attracting more retail investors to the domestic capital market.

CSL Stockbrokers, rated as one of the top five stockbroking firms in Nigeria, provides institutional and corporate brokerage services to investors and select issuers. At the heart of the firm is a robust research platform which supports local and international investors who desire in-depth coverage of the Nigerian capital market and the economy.

In a statement, the DMO said as Government Stockbroker, CSL Stockbrokers is mandated to build upon the achievements already recorded by increasing the participation of retail investors in all Federal Government Securities, such as Bonds, Sukuk, Savings Bond and Green Bonds listed and trading on the NSE.

The DMO added that, ‘’the appointment of CSL as the Government Stockbroker is a further demonstration of the commitment of the DMO to the development of the domestic market, in particular, promoting liquidity, as well as, growing and diversifying the investor base’’.

Commenting on the appointment, the Chief Executive Officer of CSL Stockbrokers, Mr. Abiodun Fagbulu, described the development as another milestone in the commitment of the firm to be the investment management services provider of choice in sub-Saharan Africa, driven by deep market knowledge and global standard investment management expertise.

According to him, ‘’CSL Stockbrokers consider this appointment as an opportunity to contribute to the growth and development of the domestic capital market in a way that is sustainable and profitable to investors’’.

Analysts are of the opinion that CSL Stockbrokers, which has over 30 years operating history in the capital market withconsistent impressive performance, is well positioned to support the DMO, with regards to meeting the Government’s financing needs in a prudent manner that supports economic development while proactively managing the associated risks.

CSL Stockbrokers Limited was established in 1977. It is a subsidiary of FCMB Group Plc, one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. The Group, which is listed in the prestigious Nigerian Stock Exchange (NSE)-30 Index in terms of market capitalisation and liquidity, has consistently witnessed impressive performance and growth along all key indices, especially those around profitability, deposits, customer numbers and assets under management.

Leading financial services provider, First City Monument Bank (FCMB), has introduced an enhanced agro-commodity trade finance facility for agribusiness operators. The development marks another bold step by the Bank to expand and deepen its support to the agricultural sector, its value-chain and the overall growth of the Nigerian economy.

The revamped facility is designed for agro-commodity merchants with supply contracts to multinationals, large corporates and processors of agro-commodities. Targeted commodities are cocoa, cashew nut, sesame, ginger, palm Oil, grains (maize, sorghum, soya beans, paddy rice). Under this new FCMB trade finance facility which is structured in the form of a working capital, the minimum amount that can be accessed by a qualified customer is N100million, while the maximum is N2billion.

Explaining the rationale behind the introduction of the facility in an enhanced form, the Divisional Head, Agribusiness of FCMB, Mr. Kudzai Gumunyu, said the Bank recognises the gap that exists in agribusiness financing as well as other challenges faced by operators, including farmers, in the sector.

According to him, ‘’we realise there are millions of agro-traders and processors across the country that need credit at convenient and affordable rates, considering the level of attraction the agric sector has garnered. Our decision to introduce a revamped agro-commodity trade finance facility is part of our intervention in the agribusiness space to ensure agribusinesses and other stakeholders are empowered with the requisite funds and enablers to boost production and marketing of agricultural commodities. Commodity producers and traders stand to immensely benefit from this facility, because it is a veritable and convenient opportunity to access funds that ensure cash flow is available for maximum output. We urge all to take advantage of this offering’’.

He assured that FCMB is focused on being a strategic partner in the agric sector to drive the diversification of the Nigerian economy, food self-sufficiency, employment and export earnings.

Highlighting FCMB’s contributions to agribusiness, Mr. Gumunyu said the Bank had sustained the tempo of support through numerous cutting-edge initiatives through innovative products. He said FCMB in 2018, provided lines of credit that peaked at 8 percent of the Bank’s total loan book to the agric sector with the intention to improve on this this milestone.

FCMB has consistently proved its mettle as an inclusive and impact investment lender and as an institution that accords agribusiness top priority. For instance, the Bank facilitated and guaranteed the procurement of fifty (50) tractors by the Tractor Owners and Operators Association of Nigeria (TOOAN) Ventures from the Bank of Industry. The tractors were handed over to the Association recently at Ilero town, Oyo State. In addition, FCMB is in partnership with several local and international institutions, such as CBN, BOI, DBN, FMO, International Finance Corporation, USAID, AFD and AGF to provide funding and other classes of support to the agric sector.

Recently, the lender signed a Memorandum of Understanding with the World Savings and Retail Banking Institute (WSBI). The memorandum is aimed at deepening agency banking, financial inclusion and savings culture in the informal and agribusiness sectors, starting with five states, namely Kaduna, Kano, Nasarawa, Ogun and Oyo. The plan is to reach 2 million farmers nationwide by the year 2023.

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 banking and wealth management led group, FCMB expects to continue to distinguish itself through innovation and the delivery of exceptional services.

For more information about FCMB’s products and services, please visit www.fcmb.com

So what is this article meant to achieve? If the banks have issues with the bloggers, they should have the authorities deal with them accordingly.. both the banks and bloggers have questions to answer

A reputable Lagos lawyer is claiming that Dbanj, his wife or other custodians might be facing jail over manslaughter charges in the recent occurrences leading to  thedeath of his son through negligence. The lawyer alleged that:

Quote

In most states, child abuse or negligence may be charged as either a felony or a less serious offence, depending on the circumstances. The most severe cases of child abuse can carry felony lifetime sentences, while the least serious cases are considered gross misdemeanors which could potentially result in no prison time. Punishment will typically be more severe if the offender has a prior record of criminal child abuse activity and greatly reduced if there is no prior record.

For sentencing purposes, a person charged with child abuse or negligence may enter a plea of guilty, not guilty, or no contest. In a large number of cases, sentencing can include probation or a prison term of up to five years.
Sentencing in more serious cases may include a longer prison term.

Other possible penalties and/or consequences can include:

Lifetime requirement to register as a child sexual offender
Termination of parental rights
Ruined reputation
No right to bear a child
Criminal record
Supervised access to the child
Physical or actual loss and enjoyment of a child
Continual involvement with a child protective services agency

*that swimming pool should have been hedged.

We disagree with the above opinion because it appears to be senseless and baseless as no real parent would intentionally neglet their child for death and we believe this is the wrong time for these lawyers to be peddling such theories in attempt to revive their dead careers

http://parrotnigeria.com/dbanj-and-his-wife-might-be-jailed-for-4-years-over-death-of-son-lawyer/

This is a ridiculous article.. there are different issues with different banks and they all try to deal with the as best as they can.. the regulatory bodies have not come out to say FCMB has any issues.. their reports are there for all to see.. why would the writer single out FCMB if it's not a paid job.. When people say Social media should be regulated, this write up only embolden that call..

SCAM ALERT:

Have you been seeing some broadcast on Whatsapp and also online that FCMB is offering N200,000 scholarship to undergraduates? Well, the Bank said it is not doing any scholarship scheme and this is just a fraudulent claim. FCMB issued the disclaimer on its social media pages yesterday. 

The statement read "It has been brought to our notice that a fictitious scholarship scheme is being circulated around the web, inviting undergraduate students to apply for a N200,000 scholarship sponsored by FCMB.

Please be informed that FCMB has no partnership with any organization or individual offering a N200,000 scholarship to undergraduates, as advertised by this fraudulent scheme.

Students and the general public are, therefore, advised to beware of such schemes and spread the word to prevent others from falling victim to this scam.

For more information, please call 0700 329 0000".

The attention of Lagos State Government has been drawn to the announcement of a proposed tariff hike on Lekki-Epe Expressway and Lekki-Ikoyi link bridge by the Lekki Concession Company (LCC).

The Lagos State government hereby informs the general public that the said tariff hike has now been put on hold as the necessary consultations with stakeholders are yet to be concluded.

While government recognises the need for periodic review of tariffs and any other levies appertaining to road infrastructure maintenance in the state, the public and critical stakeholders as the ultimate beneficiaries of such facilities must always be carried along at all times.

Therefore, the proposed tarrif hike cannot be effected at this period in the interest of the public, while further consultations continue.

Signed:
Steve Ayorinde
Commissioner for Information & Strategy
Lagos State


http://www.parrotnigeria.com/2017/11/breaking-lagos-state-directs-lcc-to.html?m=1