Close Menu
    What's Hot

    Bitcoin Rises as U.S Names Fed Chair, Boosts Crypto Regulation

    May 14, 2026

    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF

    May 14, 2026

    XRP Gains 7% Ahead of Nasdaq CME Crypto Index Trading

    May 14, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, May 14
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized
    Uncategorized

    Bank Customers Condemn Vilifying Posts about FCMB on Social Media

    Marketforces AfricaBy Marketforces AfricaJanuary 5, 2021Updated:February 11, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Bank Customers Condemn Vilifying Posts about FCMB on Social Media
    Share
    Facebook Twitter Pinterest Email Copy Link

    Bank Customers Condemn Vilifying Posts about FCMB on Social Media

    The Bank Customers Association of Nigeria (BCAN) 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, 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.

    Read Also: FCMB Group to Acquire 96 Percent of AIICO Pensions

    Bank Customers Condemn Vilifying Posts about FCMB on Social Media

    68 / 100 SEO Score
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Related Posts

    News

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    May 13, 2026
    Uncategorized

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    May 11, 2026
    Uncategorized

    CBN FX Intervention Declines by 83% to $150m in April

    May 4, 2026
    Uncategorized

    Yusuf Buhari Gets Automatic APC Ticket to Seek Reps Seat

    May 2, 2026
    Uncategorized

    PTAD Clears N32,000 Pension Arrears for DBS Retirees

    April 27, 2026
    Uncategorized

    XRP Price Slides to $1.43

    April 25, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Bitcoin Rises as U.S Names Fed Chair, Boosts Crypto Regulation

    May 14, 2026

    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF

    May 14, 2026

    XRP Gains 7% Ahead of Nasdaq CME Crypto Index Trading

    May 14, 2026

    BNBUSD -Binance Coin Gains 2%, Tops XRP in Valuation Ranking

    May 14, 2026
    Latest Posts

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    May 13, 2026

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    May 11, 2026

    CBN FX Intervention Declines by 83% to $150m in April

    May 4, 2026

    Yusuf Buhari Gets Automatic APC Ticket to Seek Reps Seat

    May 2, 2026

    PTAD Clears N32,000 Pension Arrears for DBS Retirees

    April 27, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Bitcoin Rises as U.S Names Fed Chair, Boosts Crypto Regulation

    May 14, 2026

    Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF

    May 14, 2026

    XRP Gains 7% Ahead of Nasdaq CME Crypto Index Trading

    May 14, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.