First City Monument Bank (FCMB) has strengthened its Lagos footprint with the inauguration of a new branch in Sangotedo, Lekki-Epe Expressway, as part of its strategic expansion plan.
The newly opened facility, which commenced operations on Monday, offers full-scale banking services including retail, SME and corporate banking solutions tailored to serve the fast-growing Sangotedo business district and surrounding communities.
FCMB’s Executive Director, Retail Banking, Mr. Olu Akanmu, stated during the launch that the branch reflects the bank’s commitment to financial inclusion. “Sangotedo’s rapid development as a commercial and residential hub makes it ideal for our next growth phase. This branch brings our total network to 215 locations nationwide,” Akanmu disclosed.
The modern banking hall features:
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24/7 automated banking zones
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Dedicated business advisory desks
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Digital onboarding stations
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SME loan processing units
Local business owners welcomed the development. Mrs. Adeola Martins, a Sangotedo-based fashion entrepreneur, noted: “Having FCMB here saves us hours of travel to Ajah or Victoria Island for banking services.”
The branch opening follows FCMB’s Q1 2025 financials showing 18% growth in retail customers. Bank officials confirmed plans to open 12 more locations across Nigeria before year-end, focusing on emerging economic centers.
Sangotedo residents can access special account opening incentives including zero maintenance fees for the first six months and discounted loan packages for registered businesses in the LGA.
