Skip to content
July 11, 2025
  • Nigeria Govt Kicks As US New Visa Policy Restricts Nigerians To Three-Month Limit
  • Prophet Advises Peter Obi  To Reject Post Of VP, Says, He Is Destined To Be President
  • US President Trump To Attend 2025 Club World Cup Final Between Chelsea And PSG
  • Peter Obi Explains Link With Abacha, Releases Document To Back Claim

NEWS RANGERS

NEWS BY THE HOUR

Newsletter
Random News
  • Home
    • About Us
    • Contact
  • National
  • State
  • International
  • Sports
  • Features
    • Business
    • NASRDA
  • Entertainment
  • Health
  • Interview
Headlines
  • Nigeria Govt Kicks As US New Visa Policy Restricts Nigerians To Three-Month Limit

    1 day ago
  • Prophet Advises Peter Obi  To Reject Post Of VP, Says, He Is Destined To Be President

    2 days ago
  • US President Trump To Attend 2025 Club World Cup Final Between Chelsea And PSG

    2 days ago
  • Peter Obi Explains Link With Abacha, Releases Document To Back Claim

    2 days ago
  • UAE Slams Stringent Visa Conditions On Nigerians, Prohibits Transit Visa Applications

    2 days ago
  • Consumers Kick As Nigeria Govt Hints At Electricity Tariff Hike

    2 days ago2 days ago
  • Home
  • National
  • Magu: FCMB Debunks Report Of Mistakenly Transfering N573m Into Pastor Omale’s Account
  • National

Magu: FCMB Debunks Report Of Mistakenly Transfering N573m Into Pastor Omale’s Account

News Rangers5 years ago5 years ago04 mins
Magu,FCMB MD and Pastor Omale

LAGOS AUGUST 13TH (NEWSRANGERS)-First City Monument Bank, FCMB, has debunked reports that the sum of N573 million was mistakenly transferred into the account of Pastor Emmanuel Omale in error.

Pastor Omale is an associate of the suspended acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu.

The Managing Director of FCMB, Adam Nuru, was reported to have said the bank just discovered that N573 million was mistakenly posted into the church account of Pastor Omale while testifying before the Presidential Committee on Audit of Recovered Assets last Thursday.

The Presidential Committee on Audit of Recovered Assets (PCARA) had accused Magu of allegedly using Omale, founder of the Divine Hand of God Prophetic Ministry, to launder funds abroad.

The committee headed by retired Justice Ayo Salami said the former acting chairman purchased a property worth N573 million in Dubai using Omale’s name — an allegation the pastor denied.

However, FCMB, in a statement issued by its Group Head, Corporate Affairs, Diran Olojo, on Wednesday said the attention of the bank had been drawn to widely circulating stories incorrectly stating that its Managing Director, during a recent presidential hearing in Abuja, testified that the bank mistakenly transferred N573m to the account of a church and that the said error was not discovered for four years.

“We feel it is in the public interest to state emphatically that there was no transfer of N573m into this account, mistakenly or otherwise.

“To provide further clarity, during a maintenance upgrade of our systems in 2016, a defective file led to the aggregation of multiple unrelated entries into a single balance under the affected customer’s name in one of our reports,” it said.

According to the bank, this aggregation occurred only in the weekly automated report to the Nigerian Financial Intelligence Unit, saying that it had no effect on any customer’s account balance or statements and therefore was not immediately identified.

“Our Managing Director clarified to the Presidential panel that the system generated report was incorrect and that there was no mistaken transfer of N573 million. He also submitted comprehensive documentary evidence to this effect.

“We appreciate that comments may have been misconstrued and therefore believe it is important to emphatically clarify the position that there was no mistaken transfer whatsoever, as stated above.

“FCMB continues to fully cooperate with the panel, and has been entirely transparent in its reporting. We remain committed to ethical and professional conduct at all times,” the statement said.

PM NEWS

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Related Posts

  • Nigerian Man Refunds N98m Mistakenly Paid Into His Account

    LAGOS DECEMBER 16TH (NEWSRANGERS)-A man of exemplary conduct has made his country proud after returning…

  • Magu: FCMB Admits Posting N573m to Prophet Omale In Error

    LAGOS AUGUST 10TH (NEWSRANGERS)-Adam Nuru, Managing Director of First City Monument Bank (FCMB), says the…

  • Gunmen Abduct Calabar Pastor During Church Service

    LAGOS DECEMBER 15TH (NEWSRANGERS)-Renowned Calabar pastor kidnapped inside his church .Pastor Joseph Okoro, the G.O…

Tagged: Adam Nuru Bank Account Debunks EFCC Ibrahim Magu N573m transfering

Post navigation

Previous: Announcement Of My Removal As UNILAG VC Is Fake-Ogundipe
Next: Markurdi: Armed Robbers Attack Bullion Van in Broad Daylight, Cart Away Cash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Nigeria Govt Kicks As US New Visa Policy Restricts Nigerians To Three-Month Limit

News Rangers1 day ago 0

Prophet Advises Peter Obi  To Reject Post Of VP, Says, He Is Destined To Be President

News Rangers2 days ago 0

US President Trump To Attend 2025 Club World Cup Final Between Chelsea And PSG

News Rangers2 days ago 0

Peter Obi Explains Link With Abacha, Releases Document To Back Claim

News Rangers2 days ago 0

News Rangers TV

Entertainment

  • Fela’s ‘Zombie’ Creates History As First Nigerian Album Inducted Into Grammy Hall Of Fame
  • ‘Gwo Gwo Gwo Ngwo’ Highlife Music Maestro, Mike Ejeagha, Passes On At 95
  • Why Burkina Faso Junta Allegedly Shuns Burna Boy Request For Free Concert
  • Late Junior Pope’s Father Passes Away A Year After Actor’s Death
  • Lagos Government Seals Cubana Chief Priest’s Restaurant

News Rangers TV

Interviews

  • Fuel Sufficiency: NNPCL Have Commenced Pipelines, Depots’ Rehabilitation-Soneye
  • Humanitarian Crises: Why Nigeria Needs Collective Response – UN Rep. 
  • Between Wike And Obi, Nigerians Know Who Is A Liar, Happy, In Pain
  • Court Orders Ex-Zamfara Gov To Return  50 Official Vehicles In His Possession

Sports

  • US President Trump To Attend 2025 Club World Cup Final Between Chelsea And PSG
  • 2025 Club World Cup: PSG Disables Real Madrid To Book Place In Final
  • ‘Three Reasons Why Anthony Joshua Will Beat Tyson Fury’
  • Tributes As Ex-Nigeria Goalkeeper Peter Rufai Passes On  At 61