Connect with us

News and Report

FCMB Organises Customer Forum for Export Trade Stakeholders

Published

on

Businesses and other stakeholders involved in export trade would converge in Lagos on November 5, 2015 for the customer forum of leading financial services provider, First City Monument Bank (FCMB) Limited. It is under the theme “Enhancing Capacity for Export Trade”, and in partnership with the Nigerian Export Promotion Council (NEPC).

The interactive forum is in continuation of the Bank’s efforts to boost export trade and help customers tap into the numerous benefits associated with the business through sensitization and capacity enhancement. It will also provide an opportunity to further showcase the federal government’s policy on export trade, the challenges and the various initiatives developed by the Bank, such as pre and post shipment financing and market information strategy to support export of agro commodities and solid minerals in the country. These are in line with FCMB’s values as a simple, reliable and helpful financial institution.

The Executive Director/Chief Executive of the NEPC, Mr. Olusegun Awolowo, and top officials of the Nigeria Export-Import Bank, Bank of Industry is expected to attend the forum with other regulatory bodies supporting export initiatives including National Agency for Food and Drug Administration and Control (NAFDAC), Nigeria Customs Service, Nigeria Agricultural Quarantine Services; Federal Inspection Agency for Solid Minerals as well as other participant from the public and private sectors of the Nigerian economy.

According to the Executive Director, Business Development of FCMB, Mr. Adam Nuru, “the customer’s forum is another way FCMB demonstrates the willingness to go the extra mile towards contributing to the growth of their businesses”. According to him, the Bank is committed to assisting stakeholders reduce challenges that hinder effective export trade in the country.

‘’We recognise the importance of export trade and the need to diversify the nation’s economy to a non-oil export one, considering the huge resources available in this area. As an inclusive lender, we create opportunities and support initiatives that enhance the well-being of the country and our target market. We are excited therefore, to organise this forum which will also provide a platform to engage customers and key stakeholders in export trade business in an impactful way’’, Mr. Nuru stated.

Last year, FCMB organised a number of customer fora which were positively received and attended. The focus was on the Pre-Arrival Assessment Report (PAAR) scheme introduced by the Nigerian Customs Service to fast-track the clearance of cargo and reduce costs of business at the nation’s ports.

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

Continue Reading
Advertisement

News and Report

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

Published

on

 

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:

Continue Reading

News and Report

FCMB Manager Arrested For Hoarding New Naira Notes

Published

on

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.

 

Continue Reading

News and Report

New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage

Published

on

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.

 

Continue Reading

Trending