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FCMB In Mess As Youths Shun Banking Moment Bank Mandated Staff To Treat Age 18-30 As Fraud Suspects

FCMB In Mess As Youths Shun Banking Moment Bank Mandated Staff To Treat Age 18-30 As Fraud Suspects—-The Genius Media Nigeria reports that First city monument bank (FCMB) has landed in a massive loss of customers after a letter from the bank leaked out to treat people under age 18-30 as fraud suspects.

The bank issue this letter due 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.

FCMB In Mess As Youths Shun Banking Moment Bank Mandated Staff To Treat Age 18-30 As Fraud Suspects

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 have been a call out against the bank by the youths and they are currently mobilizing to close down all accounts with the bank

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