Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High

    June 15, 2026

    Nigerian Exchange Index Sinks as Investors Lose N984bn

    June 15, 2026

    Bitcoin Price Tops $67k as Investors Return to Positions

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High
    • Nigerian Exchange Index Sinks as Investors Lose N984bn
    • Bitcoin Price Tops $67k as Investors Return to Positions
    • Zcash Soars by 25% as Emergency Security Fix Boosts Optimism
    • Inflation, Interest Rate Headwinds Weigh on Midyear US Credit Outlooks
    • Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally
    • Nigeria’s Headline Inflation Rate Climbs to 15.93% in May
    • Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized » Bank Customers Condemn Vilifying Posts about FCMB on Social Media

    Bank Customers Condemn Vilifying Posts about FCMB on Social Media

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

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    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.

    Keep Reading

    DisCos Meter 241,590 Customers in 2 Months –NERC

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

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

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

    Yusuf Buhari Gets Automatic APC Ticket to Seek Reps Seat

    PTAD Clears N32,000 Pension Arrears for DBS Retirees

    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Appreciates to N1,356 as Foreign Reserves Reach 2009 High

    June 15, 2026

    Nigerian Exchange Index Sinks as Investors Lose N984bn

    June 15, 2026

    Bitcoin Price Tops $67k as Investors Return to Positions

    June 15, 2026

    Zcash Soars by 25% as Emergency Security Fix Boosts Optimism

    June 15, 2026

    Inflation, Interest Rate Headwinds Weigh on Midyear US Credit Outlooks

    June 15, 2026
    Latest Posts

    DisCos Meter 241,590 Customers in 2 Months –NERC

    May 22, 2026

    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

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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