Following the indictment of the erstwhile
Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo leading to his arrest
and detention by the Economic Crimes Commission, EFCC in connection to the
alleged N32 billion scam perpetrated under his watch, the bank’s board of
directors has appointed Mr. Mohammed Lawal Balarabe, the Executive Director
(north), as the acting managing director, however “subject to regulatory
approval”.
The allegations point to bribery and inducement of
electoral officials in the 2015 general election though the bank under his
approval.
However, the bank had earlier issued a press
statement maintaining that it duly reported all the transactions in relation to
the $115 million said to have been deposited by Diezani Alison-Madueke in
exchange for naira.
Consequently, the board assured its shareholders
and 3.4 million customers of continued seamless services and operations.
Balarabe was once the bank’s executive director
of commercial and consumer banking (north directorate). He holds a
Bachelor of Arts in Accounting and Finance from Nottingham Trent University
(1986) and master of science in finance from the University of Lagos (1995).
No comments:
Post a Comment