A customer and a company have sued First City Monument Bank (FCMB) for ₦5 billion over the alleged unauthorised disclosure of confidential bank account information to a third party.
The suit was filed by First Tirad Global Resources Ltd and its majority shareholder before the High Court of the Federal Capital Territory (FCT), Abuja.
The claimants alleged that the bank disclosed the company’s account statement to an individual who had no authorisation to access the financial records, in an alleged breach of customer confidentiality and data protection obligations.
According to court documents, the incident occurred on April 8, 2026, when a third party allegedly requested the company’s account statement covering January 1 to April 8, 2026, through WhatsApp.
The claimants alleged that a former FCMB account officer, Taofeeq Are, received the request and contacted a serving account officer, Olutunde Oyasola, who allegedly generated the statement and sent screenshots to Are. The screenshots were subsequently forwarded to the third party.
The second claimant further alleged that the disclosed statement contained sensitive personal information, including details of a rent payment that could expose her residential address.
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The claimants said they lodged a complaint with FCMB and demanded an investigation into how the statement was obtained and shared.
They further alleged that the bank, in a letter dated July 8, 2026, admitted that the disclosure was unauthorised and inconsistent with its internal policies and data protection obligations.
Consequently, the claimants are asking the court to declare the disclosure unlawful and hold the bank liable for alleged negligence, breach of confidentiality, invasion of privacy and failure to protect their financial and personal information.
They are also seeking ₦5 billion in damages, an order restraining further disclosure or use of the disputed statement, and reimbursement of the cost of the legal action.
The claimants additionally contend that the subsequent use of the disputed bank statement in court proceedings caused further prejudice to their interests.
As of the time of the report, the court had yet to determine the case, and FCMB had not filed a response to the allegations.
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