First City Monument Bank (FCMB) is in hot soup.

Founder of the Divine Hand of God Prophetic Ministry in Abuja, Pastor Emmanuel Omale has sued the bank for breaching banker-client and falsely alerting the Nigerian Financial Intelligence Unit (NFIU) of a suspicious credit inflow.

Pastor Omale is demanding N5 billion in exemplary, aggravated, special and general damages.

“The defendant negligently breached the fiduciary duty of care it owes the claimants by its false automated report to the Nigerian Financial Intelligence Unit of a suspicious credit inflow of N573,228,040.41 into the 1st claimant’s corporate current account.”

Pastor Omale and his wife, Deborah, said they were exposed to public hatred and contempt due to the investigation and negative media reports.

Adam Nuru, Managing Director of of the bank had told the Presidential Committee on Audit of Recovered Assets (PCARA) that the bank made an error of posting N573 million into the church’s account.