FCMB to probe the MD, Adam Nuru over alleged Paternity Scandal
Gistflash gathered that Moyo’s estranged husband, Tunde Thomas, 45, died two weeks ago from heart attack after battling with depression upon discovering that the two children from their marriage were allegedly fathered by the FCMB boss.
According to report by the deceased’s friends, Moyo had resigned from FCMB and travelled to the US with the two children, ostensibly on holiday, from where she informed Tunde that he was not the biological father of the children.
Tunde Gentle, as he was fondly called, was said to have suffered stroke after the shocking revelation. He later recovered and slowly began to picked up the pieces of his life. He was set to remarry and had invited friends to his introduction ceremony slated for December 26, 2020.
Sadly, Tunde collapsed and died on December 15 when he got home from work. Autopsy report puts the cause of death as heart failure. He was buried 30th December 2020.
A petition posted on an online platform, change.org and signed by at least 1,927 persons have called for the sacking of the FCMB MD.
“This is a case of gross misconduct based on ethical grounds and an unjustifiable economic oppression by the elite (Adam Nuru) against the underprivileged in the society,” the petition reads.
“The MD has been doing everything possible to sweep this case under the carpet. We implore the Central Bank of Nigeria, as the apex regulator, and the board of FCMB to investigate this for the integrity of the bank and Nigerian banking industry.”
Reacting to the allegations in a statement on Saturday, January 2, 2021, the bank said its Board of Directors has commenced investigation into the matter.
A statement signed by FCMB’s Head, Corporate Affairs, Diran Olojo, and titled: Media Stories Regarding Our Managing Director’ said the bank will conduct a review of the incident to ascertain if there are violations of its code of ethics, was released.
“We are aware of several stories circulating across several media platforms about our bank’s Managing Director Adam Nuru, a former employee Ms Moyo Thomas and her deceased husband, Mr Tunde Thomas,” the statement reads.
“While this is a personal matter, the tragedy of the death of Mr Tunde Thomas and the allegations of unethical conduct, require the banks board to conduct a review of what transpired, any violations of our code of ethics and the adequacy of these code of conduct ethics. This will be done immediately. We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various.”
Meanwhile, below is the full story of the paternity scandal as shared by friends of the deceased, Tunde Thomas:
Tunde Thomas (alias Tunde Gentle), 45, died about two weeks ago from heartbreak. The two kids from his marriage were indeed fathered by a man without scruples or conscience, the current MD of FCMB, Adam Nuru who was his wife’s boss (MD) in FCMB. Tunde’s wife, Moyo Thomas (Nee Ojo), a useless an unconscionable adulterer was engaged in an office romance with her MD, a relationship that was well known throughout the organization as the lack of shame and decorum in both lovebirds made them to get carried away and to throw caution to the wind.
FCMB, an organization without proper rules or governance looked the other way while the open and unprofessional romance was going on between the MD and a subordinate staff of the same organization, a married woman.
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The MD, Adam Nuru, who was supposed to be the chief Governance Officer and Chief Image Maker of FCMB spared no thought for the husband of this lady who was bringing up his (Nuru’s) two children while thinking they were his. He also did not think of the organization he was leading while engaging in this foul conduct, the scandal with which no ethical organization would want to be associated.
Tunde was so in love with and attached to his wife and children that he spent most of his resources on them. He took them to London and Dubai on holidays. He also spared no penny in putting them in the best schools.
At the height of the shameful relationship and when the older child was about eight (8) years old, the lady suddenly resigned from FCMB and travelled to the US with the two children, ostensibly on holiday. It was when the school session started in Nigeria and the children were not returned that Tunde started asking questions and the lady finally summoned the shameless courage to tell him the children were not his own.
She then went to the extent of filing for asylum in the US on the ground of marital violence in Nigeria, against a man known to all men by his gentle and easygoing disposition. Her aim was to get the Green Card and to also get Tunde to be barred from entering the US, so she would not have to confront him to look him in the eye and tell him to his face the evil that she had done to him. Within a few months of hearing this news, Tunde suffered a stroke at about the age of 42. He recovered from the stroke but became a shadow of his former self. He would often shed tears from the blues.
Recently, he tried to pick up the pieces of his life and started another relationship with a lawyer lady. Tunde had invited some friends to accompany him to visit the lady’s parents on 26th December. They were planning the materials to take along for the visit but alas, it was not to be. Tunde got home from work in the night of 15th December only to collapse by his staircase and die immediately. Autopsy report puts the cause of death as heart failure.
The wicked souls, Adam Nuru and Moyo Ojo (later Moyo Thomas) have done their worst, the death of an innocent man, and their hands are dripping with his blood. God will demand it of them.
He died as an Executive Director in an asset management company, GDL Asset Management Company Ltd. He was survived by an aged mother and siblings.
CBN Sells Polaris Bank To SCIL
The Central Bank of Nigeria (CBN) has announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor.
In a statement signed by its Director, Corporate Communications Department, Osita Nwanisobi, the CBN said that SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement, including the full repayment of the sum of N1.305 trillion, being the value of the bonds, which as part of its intervention, in 2018, to revoke the licence of the former Skye Bank Plc. and establish Polaris Bank to assume its assets and certain liabilities, the banking industry regulator injected into Polaris through the Asset Management Corporation of Nigeria (AMCON) and is to be repaid over a 25-year period.
The statement reads: “The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) are pleased to announce the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).
“Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria intervened to revoke the licence of the former Skye Bank Plc. and established Polaris Bank to assume its assets and certain liabilities. As part of the CBN intervention, consideration bonds with a face value of N898 billion (future value of N1.305 trillion) was injected into the bridge bank through AMCON, to be repaid over a 25-year period.
“These actions were taken to prevent the imminent collapse of the bank, enable its stabilisation and recovery, protect depositors’ fund, prevent job losses and preserve systemic financial stability. SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement which include the full repayment of the sum of N1.305 trillion, being the consideration bonds injected.
“The CBN thus received an immediate return for the value it has created in Polaris Bank during the stabilisation period, as well as ensuring that all funds originally provided to support the intervention are recovered. The sale was coordinated by a Divestment Committee comprising representatives of the CBN and AMCON, and advised by legal and financial consultants. The Committee conducted a sale process by ‘private treaty’, as provided in Section 34(5) of the AMCON Act to avoid negative speculations, retain value and preserve financial system stability.
“In the process, parties who had formally expressed an interest in acquiring Polaris Bank, subsequent to the CBN intervention in 2018, were invited to submit financial and technical proposals. Invitations to submit proposals were sent to 25 pre-qualified interested parties, out of which three parties eventually submitted final purchase proposals following technical evaluation. All submissions were subject to a rigorous transaction process from which SCIL emerged as the preferred bidder having presented the most comprehensive technical/financial purchase proposal as well as the highest rated growth plans for Polaris Bank.”
The CBN Governor, Mr. Godwin Emefiele, was quoted in the statement as saying that: “This sale marks the completion of a landmark intervention in a strategic institution in the Nigerian banking sector by the CBN and AMCON. We commend the outgoing board and management for their vital role since the bridge bank was established; in stabilising the Bank’s operations, its balance sheet and implementing strong governance structures to address the issues that led to the intervention.
“This process has provided the CBN with an unprecedented opportunity to recover its intervention funds in full and promote financial stability and inclusive growth. We wish SCIL well as they implement growth plans to build the bank from the strong foundations that have been established.”
Media Intelligence agency Marks Six years of Operation in Nigeria
Media Intelligence agency Marks Six years of Operation in Nigeria.
P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it rebrands with a new business logo, website, and office to deepen penetration.
The leading company has in the past six years engendered the needed growth for its clients, and the rebranding is part of efforts aimed at sustaining its leading position in the sector, having worked with over 47 brands and 17 Public Relations agencies in Africa’s largest economy.
The logo with new colors depicts the innovation and creativity of the brand, as also shown on its new website with the agency service rate, to enable brands and agencies to make faster decisions in budgeting.
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As the only AMEC Member in Nigeria, P+ has strong partnerships with the Nigerian Institute of Public Relations (NIPR) and Reelforge Media Monitoring, the biggest media monitoring agency in the East African region, covering more than five countries.
Speaking on the company’s new development, the Chief Insights Officer, Philip Odiakose, said P+ is strongly positioned to effectively deliver on its offerings, with state-of-the-art structure, process and highly skilled media analysts in an exceptional and value-driven business model in line with global best practices.
“Our Measurement and Evaluation report is in-depth, robust, and flexible to accommodate valid metrics that brands desire to see reflected in their customized reports, and also based on the AMEC Standard in accordance with the Barcelona Principle 3.0. We deploy the P+MCA (media content analysis) methodology for media evaluation and analysis based on qualitative and quantitative metrics in analyzing media exposure,” Odiakose affirmed.
He said the new office would serve as a hub in the country and the West Africa sub-region, where the company will provide media monitoring, measurement, evaluation, and performance audit services for brands, media agencies, government agencies and NGOs.
Also as part of its efficient services, the measurement and evaluation company introduced “Get-Reports,” a novel product that allows the purchase of PR performance audit reports in key sectors.
The “Get-Reports” product spans across different industries which includes the 22 Commercial Nigerian Banks PR Performance Audit Report, Top Nigerian Insurance PR Performance Audit Report, Top Nigerian Digital Banks PR Performance Audit Report, and Top Online Streaming Services PR Performance Audit Report.
It’s not too late for NASS to revisit e-transmission of election results – SAN
By Gistflash News
Sept 26, 2021
The clause 52(2) of the bill gives the Independent National Electoral Commission (INEC) the discretion to determine when, where and how voting and transmission of results will be done.
The Senate had ruled out the possibility of having results transmitted electronically when it voted that the NCC, with the National Assembly’s approval, would determine whether INEC could transmit results electronically or not.
Similarly, the House of Representatives, on July 16, passed the Electoral Act (Amendment) Bill, maintaining the controversial Clause 52(2) as presented amidst protests, especially by members of the minority caucus.
After the passage of the bill, the Speaker, Mr Femi Gbajabiamila, criticised the proposed electronic transmission of election results, saying it was not feasible in the country for now.
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