Ibrahim Magu

FCMB deposits N540 million guarantee in favour of cleric

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The First City Monument Bank (FCMB), has deposited N540 million into an interest-yielding bank account in favour of a cleric, Emmanuel Omale, who it defamed. On 1 February, the Court of Appeal in Abuja refused to stay the execution of an earlier judgement awarding N540 million to Mr Omale, who was falsely accused of laundering … Read more

Appeal Court orders FCMB to deposit N540m in favour of cleric

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The Court of Appeal, in Abuja, has ordered First City Monument Bank (FCMB) to pay N540 million awarded as compensation by the Federal Capital Territory (FCT) High Court to a cleric, Emmanuel Omale, over defamation. In October 2022, a judge of the FCT High Court at Maitama, Abuja, Yusuf Halilu, ordered the bank to pay … Read more