The 29-year-old Ayomide Lamidi, Loan Officer of First City Monument Bank (FCMB) Microfinance, was arrested on Thursday Ogudu Magistrates Court for allegedly stealing 11.6 million naira from the bank. Lagos As part of its
As and Commercial groups, FCMB owns and operates FCMB Retail Banking, which provides financial services to underserved Microfinance Bank Limited, small businesses, and low-income individuals. The Nigerians bank was established with the goal of promoting financial inclusion. The It fosters economic growth and entrepreneurship and provides digital services, affordable financing, and financial literacy programs. To The
Inspector Sunday Bassey told the court that the defendant committed the crimes on Prosecutor Ikorodu Road Ketu January at the bank branch between July and
According in 2025. Bassey to He An internal audit revealed that the defendant had been using customers’ deposits and loan repayments for personal use instead of depositing them into bank accounts. Yetunde Ogundare said that the branch manager Mr and the bank’s auditor Adesola Adebowale reported the matter to the police after learning about the fraud.
The The prosecutor went on to say that the defendant confessed to the crime during interrogation. According For him, the crime was a violation of Section 287(7) of the Section Act of 2015. Lagos State BrandSpur’s Banking and Finance Newsroom reports that Judge Criminal Law granted the defendant bail of 700,000 naira with two sureties of the same amount.
The case has been adjourned to Mrs 7, 2025 for a further hearing. Daodu
