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FCMB Reinforces Commitment To Innovation, Customer Satisfaction, Joins Open Banking Nigeria

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First City Monument Bank, one of Nigeria’s leading financial institutions, is now a member of the Open Banking Nigeria, an industry-focused non-profit body facilitating the advocacy, development, and adoption of a common standard for open Application Programming Interface within the Nigerian financial ecosystem.

With this development, FCMB has formally joined more than 50 other individual and corporate members across the financial industry, including banks, fintech, financial consultants, global customer service leaders, among other stakeholders as an integral part of Open Banking Nigeria.

Open banking is a concept aimed at enhancing the capability of operators in the financial industry and allied institutions to drive and deepen innovation through access to more customer-authorized information and data.

In Nigeria, it will result in far greater end-user satisfaction, help the various stakeholders thrive, boost collaboration, and inspire more innovation.

In addition, the adoption of the concept would create a new data-sharing infrastructure among financial institutions, which will go a long way towards enriching the range of services and products that would emerge from operators.

Commenting on FCMB’s membership of Open Banking Nigeria, the Divisional Head, Transaction Banking of the Bank, Rolayo Akhigbe, said: “As an institution focused on the attainment of enhanced customer experience and a more productive as well as impactful business environment, our membership of Open Banking Nigeria reinforces our commitment to the delivery of exceptional services.

“We are optimistic that this would also upscale our operations and ultimately enable us to align with the aspirations of our customers.”

Also commenting, the Team Lead, Banking As A Service of FCMB, Isi Nweje, stated: “As always, we are receptive to partnering with the drivers of initiatives that advance the development of Nigeria’s financial services industry to greater heights, while also enabling and fast-tracking growth across other sectors of the economy.”

A Trustee of Open Banking Nigeria, Ope Adeoye, said: “It is a delight to welcome FCMB to the fold. We anticipate working together for a standardized API-led system that would facilitate the growth, accessibility, and viability of numerous cross-industry initiatives which would stem from Nigeria’s financial ecosystem.”

Established in 2017 to define and develop these open and non-partisan APIs, Open Banking Nigeria serves as a platform where industry players jointly champion a progressive cause for the benefit of the country and, by extension, the African continent.

First City Monument Bank is a member of FCMB Group Plc, one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments.

With a clear understanding of its market and environment, the Bank has successfully transformed into a retail banking and wealth management-led group.

It has also continued to distinguish itself through innovation and the delivery of exceptional services while enhancing the growth and achievement of the personal and business aspirations of customers.

BIG STORY

PDP Would Be Destroyed If Peter Obi Returns To Party — Wike

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The Federal Capital Territory Minister, Nyesom Wike, has asserted that welcoming Peter Obi back into the People’s Democratic Party (PDP) would spell disaster for the party.

During a media session in Abuja, Wike noted that key PDP figures like Bauchi Governor Bala Mohammed and Senate Minority Leader Abba Moro have been engaged in discussions with both Obi and former President Goodluck Jonathan regarding a potential return to the party.

Obi officially left the PDP days before its 2023 presidential primary and later joined the Labour Party—a move that positioned him as its presidential candidate that year.

Wike said Obi’s character disqualified him from returning, citing past insults against the party: “Obi was abusing the party, saying it is rotten. So now the party is suddenly good enough for him to come and contest on its platform?”

He continued, criticizing the idea as incompatible with the party’s integrity: “That kind of ambition can make people even go to Satan’s house.”

Wike warned that the party stands to lose credibility and its guiding principles if Obi is welcomed back. “Anybody suggesting that Obi should return is entitled to their opinion. But if you want to destroy this party, then bring Obi back,” he declared.

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Politicians Pushing Jonathan To Contest In 2027 Betrayed Him In 2015 — Wike

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The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has urged former President Goodluck Jonathan against returning to the 2027 presidential race, saying he should continue to serve Nigeria as a respected statesman instead.

Speaking at a media briefing in Abuja, Wike noted persistent rumours that Jonathan might vie for the presidency again on the PDP platform, though the ex-president has not publicly addressed the speculation.

“I know Jonathan very well. He enjoys being respected internationally as a statesman and I believe he will continue in that role,” Wike remarked.

He sharply criticised those encouraging Jonathan’s return, arguing they are the very figures who undermined him during the 2015 election.

“People pushing Jonathan — what strength do they have? Were they not the same people who worked against him in 2015?” he queried.

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NRC MD Kayode Opeifa Apologises For Remarks Against Journalist During Train Derailment Coverage

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The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has publicly apologized following his verbal outburst against NTA Transport Correspondent and former NAWOJ president, Comrade Ladi Bala, during the coverage of the Abuja–Kaduna train derailment.

Opeifa made the apology at a press briefing held on Sunday at the NUJ FCT Council Secretariat in Abuja. He explained that the incident occurred under intense pressure, as he was managing the emergency response.

“I sincerely apologize for the regrettable remarks I made, which were directed at a seasoned journalist and reflected poorly on both the NUJ FCT and NAWOJ,” he stated.

In an attempt to promote reconciliation, Opeifa awarded Comrade Bala the honorary title of Ambassador for Media Advocacy—a symbolic gesture of the NRC’s renewed commitment to press freedom and better media relations.

Speaking further about the derailment, Opeifa confirmed that eight coaches and one locomotive were involved, carrying 618 passengers, of whom approximately 20 were injured, including seven critically. Emergency protocols were swiftly activated, engaging agencies such as NEMA, NAN, the military, NISA, and state health ministries, to ensure a coordinated response.

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