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FCMB Extends Help to Internally Displaced Women in Maiduguri

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As part of its Corporate Social Responsibility (CSR) initiatives, First City Monument Bank (FCMB), in partnership with Sesor Empowerment Foundation, has given succour to some internally displaced women in Maiduguri, Bornu State, Northern East of Nigeria under an economic empowerment programme aimed at alleviating poverty.

The first batch of beneficiaries, 60 women in all, were given initial start-off funds by the Bank on October 20, 2016 at a ceremony in Maiduguri, for the establishment of small scale businesses. The gesture will help them cater for themselves and their immediate families. The beneficiaries also went through training, skill acquisition and other capacity building activities prior to the disbursement of the funds. Thousands of women and children have been made homeless, and driven out of their socio-economic activities due to insurgency in the North East part of Nigeria in the recent years.

Commenting on the initiative, the Group Head, Corporate Affairs of FCMB, Mr Diran Olojo said, “Our Bank is not unaware of the massive hardship faced by thousands of helpless and innocent Nigerians, victims, who have been affected in years of disrupting insurgency in the North East. We are concerned about these people who have suffered serious lack, hunger-induced diseases and absence of adequate medical care, having been denied of peace and completely cut-off from their social life, farming and other economic activities. FCMB is motivated to support government effort in providing for them and forms part of our commitment to enhance the standard of living of the populace’’.

He commended the government of Bornu State, the Federal Government of Nigeria, other organisations as well as well-meaning Nigerians who had made a lot of efforts towards providing succour for IDPs through donation of various materials and achieving sustainable peace to see an end to the crises. Mr. Olojo urged the beneficiaries to make judicious use of the funds.

Speaking at the fund disbursement ceremony, the Bornu State Commissioner for Poverty Alleviation, Hajia Inna Galadima, stated that, ‘’it is gratifying to see corporate organisations support the State government in its effort towards resolving the current challenges faced by internally displaced persons in their various camps in Bornu State. What FCMB is doing today, is very commendable. We want to sincerely thank them and other organisations who have done similar things, assisting our people while we rigorously search for a lasting solution. We also want to call on other well-meaning individuals and organisations to support the effort of government.”

On his part, the Project Officer of Sesor Empowerment Foundation, Mr. Rendrix Berepele, said they were all excited about the incredible project and what it meant for the amazingly strong women who have overcome so much to participate at the event. “We will be mentoring them over the next few months to help them succeed and hope to support more women as time goes on. We also hope that this will encourage other groups to come in and provide sustainable help for the displaced. We need all hands on deck and we are extremely excited to be working with FCMB and the Borno State Government to make a difference. We thank FCMB for their incredible support”, Mr. Berepele enthused.

Sesor Empowerment Foundation is a Non-Governmental Organisation (NGO) working to support survivors of emergencies, especially internally displaced persons through programmes in emergency relief and rehabilitation.

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 and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of its customers.

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Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]

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Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.

 

In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.

 

The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.

 

The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.

 

“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.

 

“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”

 

WATCH VIDEO HERE:

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FCMB Manager Arrested For Hoarding New Naira Notes

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A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.

 

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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage

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The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.

 

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