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Marriage scandal: FCMB under pressure to sack MD, 1,500 sign petition



  • Bank dismisses allegation as baseless

First City Monument Bank has come under intense pressure to sack its Managing Director, Adam Nuhu, accused of twice impregnating his subordinate in the office, Moyo Thomas, a wife of another FCMB worker, Tunde Thomas.

The discovery by Tunde Thomas that he is not the father of his two children was said to have led to depression and his eventual death. Some are accusing the FCMB MD of being responsible for his death.

Although about 1,500 people have signed a petition sent to the Central Bank of Nigeria (CBN) calling for the sack of Nuru for alleged unethical behavior, the bank’s authorities currently investigating the matter may find him blameless under its rules.

The bank in its latest reaction dismissed the allegation as baseless and cooked up by some people.

The petition, initiated last week Wednesday, alleged that Nuru was responsible for the demise of Tunde Thomas on December 16.

According to the petition, the FCMB MD allegedly had an affair with Moyo Thomas, the deceased’s wife, resulting in two children.

It alleged that Moyo had informed her husband that she was leaving Nigeria for the United States with the kids only to call him upon arrival there that the children were not his.

The petition claimed the news initially caused Thomas to be down with a stroke but later recovered and thereafter met another lady whom he planned to marry.

Thomas was, however, said to have suffered a cardiac arrest after returning from work — about two days before his introduction to his already pregnant girlfriend.

The petition, addressed to the CBN Governor, Godwin Emefiele, and the FCMB’s board, described the case as “an unjustifiable economic oppression by the elite” against the underprivileged.

It called for a holistic investigation into the matter, alleging that the MD had been trying to sweep the issue under the carpet.

The petition read in part, “This is a case of gross misconduct based on ethical grounds and an unjustifiable economic oppression by the elites (Adam Nuru) against the less privileged in the society.

“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.”

But reacting on Thursday, an employee of the bank, Rafiu Mohammed, who spoke on behalf of the FCMB’s spokesman, Diran Olojo, dismissed the petition as a “mere allegation”.

Mohammed told TheCable that it was unfortunate that people would come up with unsubstantiated claims which the deceased never raised when he was alive.

He also said the fact that Thomas had impregnated another lady and was on the verge of remarrying before his death showed that he had already moved on from what transpired during his marriage to Moyo.

“Assuming there was a DNA report that said there was indeed an affair between them and the children belong to the MD, that’s an evidence. But so far, there’s none. Also, has any evidence established his (Thomas’s) death was caused by our MD? Anyone can suffer cardiac arrest,” he said.

Olojo had earlier said the bank was aware of the allegations against its MD and that bank’s board of directors had already commenced a review into the matter, adding that its findings would be disclosed in due course.

He had said, “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 ex-husband, Mr Tunde Thomas.”

“While this is a personal matter, the tragedy of the death of Mr Tunde Thomas and the allegations of unethical conduct require the bank’s board to conduct a review of what transpired, any violations of our code of ethics and the adequacy of this code of conduct ethics.

“We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various families involved. Our Board of Directors is reviewing all aspects of this report and once they are done with their review, we will revert to you.”

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Bolt raises €600m from Sequoia, others to continue building first-ever super-app



Bolt, the leading ride-hailing and mobility platform, has raised €600 million in a funding round that increases its valuation to over €4 billion.


The funds will boost its new 15-minute grocery delivery service and to accelerate the expansion of its existing mobility and delivery products.


Sequoia Capital has backed the company as part of the round alongside other new investors Tekne and Ghisallo.


Existing backers also participated including G Squared, D1 Capital and Naya.


Markus Villig, CEO at Bolt, said: “Bolt’s mission is to make urban travel affordable and sustainable. We are building a future where people are not forced to buy cars that cause traffic and pollution but use on-demand transport when they actually need it.


“After seven years of relentless execution, Bolt’s mobility and delivery products offer a better alternative to almost every use case a car serves.


“I’m thrilled to bring these products to millions of customers around Europe and Africa, taking the emphasis off cars and giving cities back to the people.”


Femi Akin-Laguda, Country Manager, Bolt Nigeria, added: “We remain committed to simplifying mobility and providing the best value for our customers in more than 25 cities in Nigeria.


“Bolt will continue building solutions that alleviate everyday mobility challenges with our safe and affordable services while we also remain committed to providing market leading earnings for our drivers.


“With this investment, we will keep introducing effective solutions, features and products that are important to all our customers while having a positive socio-economic impact on the economy.”


Andrew Reed, partner at Sequoia, said: “Bolt is redefining urban transportation in much of the world. Markus is a driven founder who has built an operationally excellent business spanning Europe and Africa and a mission-driven culture that forms the foundation of an enduring company. Bolt helps customers, cities, and the environment. We’re delighted to partner with them.”


Bolt has experienced hypergrowth in the past year — the company has grown to 75 million customers globally.


The ride-hailing company currently operates across seven African countries, providing earning opportunities for over 400,000 drivers in over 70 cities across the continent.

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Kia gets 30,000 pre-orders for battery-powered EV6 sedan



Kia Motor Corporation, South Korea’s second-biggest carmaker, has launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year.
Already, the automaker says it has received over 30,000 pre-orders for the EV6 in the domestic market, and a combined 8,800 pre-orders in Europe and the United States, according to a report by Just Autos.
The maker of the K5 sedan and the Sorento SUV aim to sell 13,000 units of the zero-emission model on its home turf and 17,000 units in overseas markets this year.
The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electric-global modular platform (E-GMP).

The EV6 is priced at 47 million won-57 million won (US$40,800-$49,500) in Korea. With government subsidies, it can be purchased for under 40 million won.
The model is available with two kinds of battery packs — a standard 58-kilowatt-hour (kWh) battery pack and a long-range 77.4-kWh one. The 58-kWh and 77.4-kWh models can travel up to 370 kilometres and 475 km, respectively, on a single charge.
Kia also plans to introduce sedans, SUVs and multipurpose vehicles based on the new EV platform for the next seven years.
It plans to beef up its EV lineup with 11 models, including the seven E-GMP-based ones, by 2025.
With its strengthened EV lineup, it aims to achieve a 6.6 percent share of the global battery-powered EV market by 2025 and global annual sales of 500,000 units by 2026.
Kia’s current EV market share is not available as its EV sales accounted for only 1 percent of its overall sales in 2019.
In April, Kia’s bigger affiliate Hyundai Motor Co. launched the IONIQ 5 all-electric model equipped with the E-GMP platform.
Hyundai plans to introduce the IONIQ 6 next year and the IONIQ 7 large SUV in 2024. It will begin using alphanumeric names like its bigger rivals, such as BMW, whose models are named Series No. 1-8.

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GAC, Huawei plan smart electric SUV



China-based auto firm, GAC Motors has sealed a deal with high-tech giant, Huawei, to produce a smart electric sport utility vehicle.
The GAC Group said its first joint project with Huawei would be a “smart SUV” with mass production targeted by the end of 2023.
GAC Motor aims to produce an entirely electrified lineup of vehicles by 2025.
GAC and Huawei said they planned to produce eight models together.
The medium to large size, pure electric SUV would have Level four autonomous driving capabilities, it added.
“GAC Group embraces and encourages extensive technological innovation in its vehicles, and Huawei is a global leader in many types of technology. This strategic cooperation will allow them to build a new generation of intelligent vehicles and digital platforms,” the pair said in a joint statement.
They also said, “This SUV and multiple other future models will utilise GAC’s GEP.30 chassis platform and Huawei’s computing and communication architecture as well as carrying Huawei’s full stack of intelligent vehicle solutions.”
Since signing a strategic cooperation agreement in 2017, GAC and Huawei have worked together on intelligent connected electric vehicle technology.
In September 2020 in Guangzhou, the two firms signed an agreement to further deepen cooperation, with a focus on computing and communication architecture in accordance with the trend in ‘software-heavy’ vehicles.

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