The newly Sangotedo branch of First City Monument Bank (FCMB) has been commissioned for operation in Lagos, on June 26, 2025. Local leaders expressed strong support and high hopes for the new branch’s impact on the community’s economic growth.
Oba Abiodun Ogunbo, the Ogudu Oshadi I of Ogombo Kingdom, represented by Chief Lukman Lawal, the Aro of Ogombo Kingdom, warmly welcomed FCMB.
He stressed the critical need for banking services for residents and businesses, commending the Bank’s track record of supporting individuals and enterprises.
He was optimistic the new branch would create new opportunities and boost economic activity.
The Olu of Sangotedo Kingdom, Oba Mohammed Olufunmi, represented by Otunba Tunde Johnson, also expressed appreciation for the new branch.
He encouraged FCMB to deepen its presence in the community, citing the rapid development in the area as a compelling reason for the Bank to expand its presence further.
The Chairman of Eti-Osa East Local Council Development Area, Honourable John Ogundare, stressed the importance of FCMB’s new branch, stating, “today marks a significant milestone for Sangotedo and the entire Eti-Osa.”
He described the branch’s opening as a “testament to the growth and potential of our community,” expressing an eagerness for it to become a “pillar of support by impacting our economy and the daily lives of our people.”
Ogundare urged the Bank to actively support small and medium-scale enterprises (SMEs), recognising them as economic development catalysts crucial to local prosperity.
Managing Director/CEO of First City Monument Bank, Mrs Yemisi Edun, represented by Mr. Emmanuel Comla, the Bank’s National Head of Sales, reaffirmed FCMB’s commitment to inclusive and sustainable banking. She stated that the Bank is there to grow with the community, promising flexible financing for businesses and committing to bringing more people into the formal economy.
Comla also highlighted Sangotedo’s strategic location, noting its proximity to major infrastructure, including the Lekki–Epe corridor, Dangote Refinery, and Deep-Sea Port. He affirmed FCMB’s commitment to the community’s inclusive growth and sustainable development by connecting people, capital and markets.
Group Head of Operations and International Trade Services at FCMB Ademola Idowu highlighted the Bank’s commitment to delivering excellent and sustainable services. He noted that the new branch operates on renewable energy and is fully integrated into FCMB’s digital ecosystem. This includes offering mobile and internet banking, reliable ATMs, and an efficient queue management system. Furthermore, a solar-powered backup ensures uninterrupted operations and consistent service for customers.