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Youths Shun FCMB After Bank Mandated Staff To Treat Young People As Fraud Suspects

Nigerian Youths are massively dumbing FCMB after Bank’s letter mandating her staff to treat young Nigerians as fraud suspects leaked online.



The Editor Nigeria reports that Nigerian Youths are massively dumping First City Monument Bank (FCMB) and closing up their accounts after a letter from the bank mandating her staff to treat people under age 18-30 as fraud suspects leaked online.



This online news platform understands that the FCMB letter is unconnected to the ban of cryptocurrency in Nigeria by the Central Bank of Nigeria

The bank in the letter informed staffers to interrogate customers and inform compliance whenever an account with high volume transactions operated by individuals between the age brackets of 18-30 years as signatories is noticed.

Other account types with similarly discriminatory guidelines include youth savings accounts, business savings accounts, personal business accounts, amongst others. The bank did not define what constitutes a high volume of transactions, but the account types listed captured all of its available packages for Nigerian youths.

Due to this, there has been a call out against the bank by the youths and they are currently mobilizing to close down all accounts with the bank.


Also, The Editor Nigeria gathered from a trending Twitter hashtag that some youths are calling for poor rating of the bank mobile app on play store for it to be deleted just as they did to Crowwe.

@Olamidewaslas2 wrote: Can we just go to the App stores and do what we did to Crowwe to FCMB and one other Bank? This will help them know we have been pushed hard on the wall for too long’