Magu: FCMB Apologizes To Pastor Omale Over Alleged N573M Erroneous Transfer

FCMB said it published apologies in three national dailies.

THE First City Monument Bank(FCMB) has apologized to the General Overseer of the Divine Hand of God Ministries, Emmanuel Omale and Mr. Ibrahim Magu, suspended Acting Chairman of EFCC over the sum of #573 million said to have been erroneously sent into Omale’s account.

In a letter written by the bank, it was disclosed that the apology had been published in The Guardian, BusinessDay and Daily Trust newspapers.

The letter was a sequel to a N5 billion suit filed by Mr Omale’s lawyer, Gordy Uche, against FCMB over the bank’s report to the Nigerian Financial Intelligence Unit of an alleged payment.

Mr Omale also accused the bank of negligently breaching the fiduciary duty of care in its banker-customer relationship with his client.

According to the suit, the court also summoned the bank to enter appearance either personally or by a legal representative within 30 days after the service of the writ.

It added that failure to appear before the court, judgement may be given in its absence.

Mr Omale’s suit was in relation to a presidential committee report that audited the EFCC between 2015 and 2020, which claimed that Mr Omale was used ”as an instrument for the embattled EFCC boss to launder money.”

The Presidential Committee on Audit of Recovered Assets said Mr Omale had received N573 million to purchase a property in Dubai for Mr Magu.

Mr Magu was investigated by the panel headed by Ayo Salami, a former president of the appeal court, over allegations of corruption and insubordination. The allegations were made by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami.

The bank had earlier said the N573 million could not have been accessed by Mr Omale as its system promptly corrected wrong credit without any amount being accessed.

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