Group Head Ladi Balogun Reveals The Damage FCMB M.D Adam Nuru’s Paternity Scandal Has Done To Bank

Eniola Adeniyi

The head of FCMB Group, the holding company under which First City Monument Bank (FCMB) operates has revealed the damage that the paternity mess scandalizing Managing Director Adam Nuhu is doing to the bank.

Nuhu is accused of fathering the children of Moyo Thomas, a married “junior” staff.

The death of Tunde Thomas, the husband of junior staff is being linked to the shock of the disclosure.

Nuhu is battling to save his job – and tattered image – as friends of the deceased campaign for the public to sign a petition for his removal as Bank M.D on grounds of flouting rules of corporate governance by impregnating the married junior staff.

The story has transformed one of the trending issues of the new year.

Ladi Balogun, the chief executive officer of FCMB Group plc reveals the damage the development has inflicted on the bank in a leaked internal memo.

Balogun who is the son of the founder, Otunba Subomi Balogun told staff in the internal memo that the” attention the publication has created is unwelcome.”

He, however, pointed out that “our achievements last year (and they are many) should not be overshadowed by this. We thank all of you for your hard work. 2021 promises to be an exciting year. While we continue our journey of growth and transformation,”

Addressing what societynow.ng learned is staff demoralization since the story of the Managing Director’s tragic indiscretion became public, Balogun assured staff that “we will pay particular attention to reinforcing the heritage of excellence, underpinned by empathy and high ethical standards, on which the organization was founded.”

The leaked statement by Balogun to the staff of FCMB reads…

Dear Colleagues,

On behalf of the FCMB Group board, and the Group Executive Committee (comprising of operating company Chief Executives) I would like to start by wishing you a very Happy New Year! 2020 was a most unusual year, and we should be proud of the resilience and adaptability demonstrated across the group.

I am sure by now most of us are aware of several stories circulating across several media platforms about our bank’s Managing Director, a former employee of the Bank, and her deceased husband.

We appreciate that these are sensitive matters affecting families and individual lives. Our hearts and prayers also go to the family of the deceased. The Bank’s board will immediately conduct a review of what transpired, any violations of our code of ethics and the adequacy of these code of conduct ethics.

I understand that the attention the publication has created is unwelcome. However, our achievements last year (and they are many) should not be overshadowed by this. We thank all of you for your hard work. 2021 promises to be an exciting year. While we continue our journey of growth and transformation, we will pay particular attention to reinforcing the heritage of excellence, underpinned by empathy and high ethical standards, on which the organization was founded.

Once again, have a safe, healthy and Happy New year, and proceed into 2021 with enthusiasm and optimism.

From
Ladi Balogun