First City Monument Bank has officially commissioned a new branch in Sangotedo, Lagos, with local leaders expressing strong support and high hopes for the new branch’s impact on the community’s economic growth.

According to a statement on Tuesday, the branch was officially opened on June 26, 2025, with dignitaries in attendance, including Oba Abiodun Ogunbo, the Ogudu Oshadi I of Ogombo Kingdom, represented by Chief Lukman Lawal, the Aro of Ogombo Kingdom.

Oba Ogunbo commended FCMB’s track record of supporting individuals and enterprises, expressing optimism that the new branch would create new opportunities and boost economic activity.

The Olu of Sangotedo Kingdom, Oba Mohammed Olufunmi, represented by Otunba Tunde Johnson, also expressed appreciation for the new branch, encouraging FCMB to deepen its presence in the community.

The Chairman of Eti-Osa East Local Council Development Area, John Ogundare, described the branch’s opening as a “testament to the growth and potential of our community,” urging FCMB to actively support small and medium-scale enterprises.

Managing Director/CEO of FCMB, Yemisi Edun, represented by Mr Emmanuel Comla, reaffirmed the bank’s commitment to inclusive and sustainable banking, promising flexible financing for businesses and committing to bringing more people into the formal economy.

The new branch operates on renewable energy and is fully integrated into FCMB’s digital ecosystem, offering mobile and internet banking, reliable ATMs, and an efficient queue management system.

Group Head of Operations and International Trade Services at FCMB, Ademola Idowu, highlighted the bank’s commitment to delivering excellent and sustainable services, noting that a solar-powered backup ensures uninterrupted operations and consistent service for customers.

The new branch is expected to boost economic activity in the community, with stakeholders eagerly anticipating the benefits of FCMB’s presence in Sangotedo.