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 bows to pressure, deposits awarded N540m damages to Prophet Omale blueprint.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blueprint.ng Daily Mail and Mail on Sunday newspapers.
Magu: FCMB Meets Condition for Appeal against Judgement in Favour of Abuja Cleric, Omale thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
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.