Latest news with #FCMB
Business Insider
6 days ago
- Business
- Business Insider
FCMB rewards 3,016 customers in millionaire promo
First City Monument Bank (FCMB) has rewarded 3,016 customers in Season 10 of its ongoing Millionaire Promo. So far, 12 customers have won the top prize of ₦1 million each, while 3,004 others have received different cash rewards. The winners were selected through electronic draws held between January and June, ensuring broad participation. The promo is open to new and existing savings account holders and ends in September. During the fifth draw held on June 17, four additional customers won the star prize of ₦1 million each, with 112 others also receiving cash prizes. The latest millionaires include Ranti Badmos from Lagos, Wilson Onoezikome in Kaduna, Esther Obafemi in Ijebu-Ode, Ogun State, and Israel Oruma in Asaba, Delta State. Israel Oruma, a timber merchant, expressed his delight at winning, saying the prize would significantly support his business. "This is a pleasant surprise. I have been facing financial challenges recently. The ₦1 million will go a long way in assisting me. I'm investing it in my business and will encourage all my staff, family, and friends to open an account with the Bank. Thank you, FCMB." Adetunji Lamidi, Divisional Head of Personal Banking at FCMB, said the Millionaire Promo reflects the bank's broader mission to enable financial security and opportunity for everyday Nigerians. "At a time when many are facing economic pressure, savings-driven initiatives like this shift the focus from getting by to making progress. It gives people a reason to save, rewards loyalty, and shows that banking helps create real-life impact." Speaking on the integrity of the selection process, Oyinkan Kusamotu, Principal Legal Officer at the Lagos State Lottery and Gaming Authority, stated:"It's great to witness FCMB's commitment to compliance, fairness, and transparency throughout the draw process, which builds trust with customers and stakeholders." To qualify for Season 10 of the FCMB Millionaire Promo, customers must increase their account balance by at least ₦10,000 and maintain it for 30 days to enter the monthly and seasonal draws. Each additional ₦10,000 saved increases the customer's chances of winning. Dormant or inactive account holders can also participate by reactivating their accounts. Draws are held nationwide, giving everyone a fair opportunity to win.
Business Insider
14-07-2025
- Business
- Business Insider
Enactus honours FCMB for youth-led social impact
First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria for its support in helping young Nigerians grow as leaders, entrepreneurs, and change-makers. The award was presented in Lagos on July 3, 2025, at the 25th Anniversary Gala and Awards ceremony of Enactus Nigeria. The body empowers young leaders to drive social and economic change through innovative projects and is in over 30 tertiary institutions nationwide. Michael Ajayi, Country Manager of Enactus Nigeria, commended FCMB's consistent support and corporate vision, saying: "FCMB's unwavering commitment to the Enactus movement has gone beyond sponsorship—it is a true collaboration rooted in shared values of innovation, inclusion, and youth empowerment. The bank's belief in the potential of Nigerian students has helped us deliver measurable impact in dozens of communities. FCMB has shown what it means to be a changemaker, not just in word, but in action." At the event, FCMB reaffirmed its commitment to capacity building, innovation, and sustainable development. Omoniyi Iyanda, Head of CSR and Sustainability, who represented the bank, said: "We are honoured to receive this recognition from Enactus Nigeria, an organisation whose work aligns with FCMB's purpose of fostering inclusive and sustainable growth. Our partnership with Enactus reflects our belief in young Nigerians as catalysts for economic transformation. By equipping them with skills, resources, and a platform to lead social change, we are building a future where innovation drives prosperity for all." Over the years, FCMB has played a key role in helping Enactus Nigeria expand its impact across tertiary institutions by providing students with the tools, training, and support they need to develop innovative solutions to real community challenges. Through the annual Enactus Challenge, the Bank has supported students in discovering their potential and turning their ideas into practical, visible projects that drive sustainable development. These projects span clean energy, agribusiness, financial literacy, and gender equality. This recognition highlights FCMB's role as one of Nigeria's most socially responsible banks. Beyond CSR, the Bank drives entrepreneurship and community development by promoting economic inclusion, giving individuals and small businesses better access to financial tools, training, and growth opportunities.
Business Insider
30-06-2025
- Business
- Business Insider
FCMB opens new branch at Sangotedo in Lagos
First City Monument Bank (FCMB) officially commissioned a new branch in Sangotedo, Lagos, on June 26, 2025. Local leaders expressed strong support and high hopes for the new branch's impact on the community's economic growth. Oba Abiodun Ogunbo, the Ogudu Oshadi I of Ogombo Kingdom, represented by Chief Lukman Lawal, the Aro of Ogombo Kingdom, warmly welcomed FCMB. He stressed the critical need for banking services for residents and businesses, commending the Bank's track record of supporting individuals and enterprises. He was optimistic that the new branch would create new opportunities and boost economic activity. The Olu of Sangotedo Kingdom, Oba Mohammed Olufunmi, represented by Otunba Tunde Johnson, also expressed appreciation for the new branch. He encouraged FCMB to deepen its presence in the community, citing the rapid development in the area as a compelling reason for the Bank to expand its presence further. The Chairman of Eti-Osa East Local Council Development Area, Honourable John Ogundare, stressed the importance of FCMB's new branch, stating, "today marks a significant milestone for Sangotedo and the entire Eti-Osa." He described the branch's opening as a "testament to the growth and potential of our community," expressing an eagerness for it to become a "pillar of support by impacting our economy and the daily lives of our people." Ogundare urged the Bank to actively support small and medium-scale enterprises (SMEs), recognising them as economic development catalysts crucial to local prosperity. Mrs. Yemisi Edun, Managing Director/CEO of First City Monument Bank, represented by Mr. Emmanuel Comla, the Bank's National Head of Sales, reaffirmed FCMB's commitment to inclusive and sustainable banking. She stated that the Bank is there to grow with the community, promising flexible financing for businesses and committing to bringing more people into the formal economy. Mr. Comla also highlighted Sangotedo's strategic location, noting its proximity to major infrastructure, including the Lekki–Epe corridor, Dangote Refinery, and Deep-Sea Port. He affirmed FCMB's commitment to the community's inclusive growth and sustainable development by connecting people, capital and markets. Mr Ademola Idowu, Group Head of Operations and International Trade Services at FCMB highlighted the Bank's commitment to delivering excellent and sustainable services. He noted that the new branch operates on renewable energy and is fully integrated into FCMB's digital ecosystem. This includes offering mobile and internet banking, reliable ATMs, and an efficient queue management system. Furthermore, a solar-powered backup ensures uninterrupted operations and consistent service for customers.
Business Insider
08-05-2025
- Business
- Business Insider
FCMB names four new millionaires in ongoing savings promo
Four First City Monument Bank (FCMB) customers won ₦1 million each in the latest draw of the bank's ongoing Millionaire Promo, now in its 10th season. The promo rewards loyal bank customers while encouraging a culture of savings that offers a path toward financial security, long-term planning, and investment readiness. The draw, held in April, produced winners from across Nigeria. In addition to the four million-naira winners, 112 customers received cash prizes of up to ₦100,000 through a live computerised raffle process. Among the winners is Lagos-based fashion designer Anita Yesufu, who said the prize money would help her expand her tailoring business. " I cannot express how happy I am for winning ₦1 million because it coincided with my birthday. This win means so much to me. I will use the money to buy a compressor for one of my industrial sewing machines. Thank you, FCMB." Another winner of ₦1 million, Abdulsalam Ibrahim, an entrepreneur based in Kaduna State, expressed his heartfelt appreciation: " It warms my heart to witness the joy this brings, especially during this period. I thank FCMB for brightening my life. I am motivated to continue my journey with the bank and encourage my family, friends, and community to join me." Abolarin Oluwagbemi, a businessman in Ibadan, Oyo State, who also won ₦1 million, expressed his delight: "I am very excited. It was beyond my expectations. I have been banking with FCMB for eight years and have never regretted banking with the bank. To be one of the winners of the FCMB promo has made me happier. This is real, and I commend the Bank for making customers happy. This money will be invested in my renewable energy business." During the draws, a valued customer of the Bank, Mrs. Olusola Olaiya, reminisced about her previous wins courtesy of the promo. "I was not a winner today but got my first Plasma TV through the FCMB Millionaire Promo. I genuinely appreciate FCMB empowering its customers and investing in their dreams." Adetunji Lamidi, Divisional Head of Personal Banking at FCMB, said the Millionaire Promo reflects the bank's broader mission to enable financial security and opportunity for everyday Nigerians. "In a country where many are navigating economic uncertainty, savings-led initiatives like this help shift the narrative - from survival to progress. This is beyond cash rewards. It is about reinforcing positive financial habits, recognising customer loyalty, and showing that banking can be a platform for real-life impact." Omowunmi Kalejaiye, FCMB's Regional Head for Lagos, emphasised the long-term value of inclusive engagement. " The promo has become more than an incentive; it's a channel through which we activate trust and shared growth. Our customers see us as a partner that supports their aspirations. We urge participants to see their winnings as seed capital - something to grow, not just spend." Launched in December 2024, Season 10 has produced eight millionaires and over 1,000 other winners of cash prizes up to ₦100,000. Customers must increase their account balance by at least ₦10,000 to qualify and maintain it for 30 days. Every additional ₦10,000 saved improves their odds of winning. The promo, which runs until September 2025, is open to new and existing savings account holders. Dormant or inactive account holders can also participate by reactivating their accounts. Draws are held nationwide, giving everyone a fair opportunity to win.
