Business
Details: Embattled FCMB CEO Adam Nuhu Sent Away Permanently
Nuhu was accused of fathering the children of Moyo Thomas, a married “junior” staff.
First City Monument Bank (FCMB) has permanently shut the door of a possible return on embattled Managing Director Adam Nuhu.
The acting Managing Director, Yemi Edun has been named the substantive Chief Executive Officer societynow.ng gathered.
Edun was the Executive Director/chief financial officer who took over as Acting Managing Director in January 2021 in the thick of the heat generated by Nuhu’s paternity scandal.
Nuhu was accused of fathering the children of Moyo Thomas, a married “junior” staff.
The shock of the revelation allegedly resulted in the death of Tunde Thomas, the husband of the “junior staff.”
The scandal created for the bank with the public interest in the mess and demand for the sack of Nuhu resulted in the management’s decision to send the embattled M.D on “leave.”
Edun, who was familiar with the role was appointed Acting Managing Director societynow.ng learned.
Emerging details have it that she has been appointed substantive Managing Director of the Bank with industry legend Otunba Subomi Balogun as founder and his son Bolaji Balogun as head of the Holding Company, FCMB Group.
The development effectively shut the door on the return of Adam Nuhu labeled “a performer who got consumed by his moral weaknesses” by those familiar with his achievements as the bank’s Managing Director.
