Business and economy

How FCMB Restricts Customer’s Account For Four Years

Denayin Michael Oluwaseun has told FIJ how First City Monument Bank (FCMB) restricted his account over alleged fraudulent links they failed to prove.

Oluwaseun said that he first learned of the restriction on his account in 2021 when he visited the bank with an affidavit for a change of name to correct an omission in his name.

Advertisement

He said he had opened an account with FCMB in 2017 but stopped using it after he detected an error in his name. He said he was asked to bring an affidavit and newspaper publication before the bank could correct the error.

It was this name update he went for when he was told that his account was linked to a fraud of over N200,000 committed against Edet Franka, a First Bank customer, on January 22, 2019.

Advertisement

Oluwaseun said he was told that the Franka had requested that his account be restricted.

He said he did not make any such transaction and his bank statement did not reflect the transaction.

Advertisement

Oluwaseun’s statement of account

He said all efforts to get FCMB to lift the restriction on his account had been abortive.

Complaint mail sent to FCMB by Oluwaseun

Advertisement

Oluwaseun stated that during customer service week in 2022, an FCMB representative reached out to him to rate their services.

“I told them their service had been zero because I’d been unable to remove a certain restriction placed on my account over what I knew nothing about,” he said.

He said the agent asked for his account details afterwards and later called back to tell him that a fraud of over N200,000 was linked to his account.

Advertisement

Oluwaseun said he told the agent he was aware. He said the agent then told him that if he did not clear the debt, the Central Bank of Nigeria would flag down his BVN and he wouldn’t be able to open an account anywhere in Nigeria.

FCMB’s response to Oluwaseun

Advertisement

Complaint mail sent to FCMB by Oluwaseun

Oluwaseun said he had not received any update from the bank despite sending several mails of inquiry.

When FIJ reached out to FCMB, a customer support staffer asked that the account holder reach out to them for further investigation.

Advertisement

 

(C) FIJ

Advertisement
Oluchi Nzekwe

Recent Posts

Simon Ekpa Not Our Member, Should Not Be Associated With Us- IPOB

IPOB PRESS RELEASE 22/11/2024 SIMON EKPA IS NOT AN IPOB MEMBER AND MUST NOT BE…

3 hours ago

NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024

NEWSPAPER HEADLINES FOR FRIDAY 22ND NOVEMBER 2024. *PUNCH* Gombe begins N28bn Assembly, high court complexes…

4 hours ago

My husband assaulted me, ruined my career – Olajumoke Onibread

Former bread seller turned model, Olajumoke Orisaguna, popularly known as Olajumoke Onibread, has opened up…

6 hours ago

“I did not punch Akpabio” – Senator Bamidele speaks on alleged fight with Senate President

Senate Majority Leader, Opeyemi Bamidele has denies reports that he was involved in a fight…

7 hours ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

– says lawmakers united to meet yearnings of Lagosians – accuses detractors of peddling news…

7 hours ago

2027: “No vacancy for non-indigenes in Alausa” – Lagos youths tell Seyi Tinubu

The Coalition of Lagos Indigenous Youths has rejected the recent endorsement of Mr Seyi Tinubu,…

7 hours ago