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Defamation: FCMB deposits N540 million guarantee in favour of cleric

Ruling on 1 February on FCMB’s application for a stay of execution of its earlier verdict, the Court of Appeal ordered the bank to deposit N540 million into an interest-yielding account in favour of the defamed cleric.

Magu: FCMB Meets Condition for Appeal against Judgement in Favour of Abuja Cleric, Omale

Magu: FCMB Meets Condition for Appeal against Judgement in Favour of Abuja Cleric, Omale
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Defamation: FCMB Deposits In Chief Registrar s Account N540M Awarded To Prophet Omale Accused Of Laundering Money For Ex-EFCC Chair, Magu

In obedience to the order of the Court of Appeal, Abuja Division, the First City Monument Bank (FCMB) has reportedly deposited N540 million awarded to Prophet Emmanuel Omale in damages, into an account of the Chief Registrar of the court.   SaharaReporters reporters gathered that the FCMB paid the money into an interest-yielding account of the Chief Registrar in Premium Trust Bank on February 8, 2024, as directed by the appellate court.  

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