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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.
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.
The FCMB paid the money into Premium Trust Bank on February 8, 2024 as directed by the appellate court.
The Court of Appeal in Abuja has ordered the First City Monument Bank (FCMB) to pay N540 million in damages over the defamation of Prophet Emmanuel Omale and his wife, Deborah, into an interest-yielding bank account of the Chief Registrar of the court. The three-man panel of the appellate court in its unanimous ruling read by a Justice of the Court of Appeal (JCA), Justice Muhammed Shuaibu, further directed FCMB to deposit the said N540 million in the Court Registrar’s account within 48 hours.
The bank further directed FCMB to deposit the said N540 million with the Court Registrar’s account within 48 hours.