First Tirad Global Resources Ltd and its majority shareholder have brought a N5 billion claim against First City Monument Bank Limited (FCMB) over the release of a corporate account statement without the bank's required authorization.
First Tirad Global Resources Ltd and majority shareholder Funmilola Soyebo filed the case in the High Court of the Federal Capital Territory. TheCable reported, citing court papers it reviewed, that the suit is numbered FCT/HC/NY/255/2026. Soyebo says she alone was authorized to sign for the company's account and that co-director Hammed Adebayo had no mandate to obtain its statements. The claimants seek damages, declarations concerning confidentiality and privacy, an order against further disclosures and legal costs.
TheCable also reported details from FCMB's July 8 letter. The bank said Adebayo requested a statement covering Jan. 1 to April 8, 2026. Serving account officer Olutunde Oyasola sent screenshots to former account officer Taofeeq Are, who forwarded them to Adebayo over WhatsApp. FCMB said it disciplined the employee and added controls after the disclosure.
Premium Times reported that Soyebo's sworn statement alleges a rent payment shown in the records helped Adebayo identify the estate where she had moved, and that he later assaulted her. The court has not ruled on whether the disclosure led to the alleged harm.
FCMB said it received the company's complaint on June 29, reviewed it and apologized. In its response, the bank described Adebayo as a director, substantial shareholder and person with significant control, while acknowledging that its authorization procedure had not been followed. FCMB said Oct. 19 that it had not been formally served and would review the claims after receiving the court papers. No damages have been awarded, and the court has not ruled on liability.
