The operation of the financial institution, First City Monument Bank(FCMB) is in shambles.

Societynow.ng gathered this development is as a result of the financial institution’s system collapsed.

Sources disclosed that FCMB which was founded by Otunba Subomi Balogun started experiencing the pains of a troubled banking operation early morning yesterday, Thursday, January 30, 2020.

Societynow.ng gathered that by midday tales of missing funds, disrupted businesses from customers rent the air as transactions fail to go through.

Multiple sources confirmed that funds sent from other sources were not received as different payment platforms belonging to FCMB, particularly the mobile payment platform suffer the system collapse crisis.

“The money is for my children’s school fees”, “It is meant for my workers”, “It is my aged parents welfare”, ‘’It is for a very vital purpose’’ are some of the claims of anguish made by FCMB customers who fail to get funds sent to them as the system collapse problem rages on.

The checks made by societynow.ng revealed that Information Technology experts within the bank are battling to resolve the crisis.

Insiders insist that there are people within the bank who have not taken a rest from attempts to solve the crisis since it started.

Source: SocietyNow

Leave a Reply

Your email address will not be published.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

13 − 5 =
Powered by MathCaptcha

You May Also Like

Sterling Bank Sign Strategic Deal With Pan Atlantic University’s EDC For Certification Of Non-Oil Export Academy Graduates

The initiative aims to equip exporters with practical tools to thrive in international markets, thereby reducing Nigeria’s reliance on oil revenues

Nigeria’s X3M Ideas Wins Gold At The 2021 Luum Awards

Nigeria’s X3M Ideas Wins Gold At The 2021 Luum Awards Nigerian international…

How 5 Nigerian Breweries Brands Got EMEA SABRE Awards’ Nominations

The SABRE Awards EMEA serves as a platform to recognize outstanding achievements in

How BUA Cement Enhanced Healthcare In Sokoto With Donation Of Essential Drugs To 16 Hospitals $ Clinics

By prioritizing the health and well-being of its host communities, the company is making a significant contribution to the achievement of sustainable development goals