Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director - Business

Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director - Business - Nairaland

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Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by sirchikero(op): 10:23pm On May 02, 2016

FIDELITY BANK APPOINTS ALHAJI MOHAMMED LAWAL BALARABE AS ACTING MANAGING DIRECTOR

In the absence of the Managing Director/Chief Executive, Mr. #Nnamdi Okonkwo, the Board of Directors of #Fidelity Bank Plc has appointed the Executive Director, North, Alhaji Mohammed Lawal Balarabe as the Acting Managing Director/ Chief Executive Officer of Fidelity Bank Plc. with immediate effect subject to regulatory approval.
The Bank reassures all its stakeholders including over 400,000 shareholders of its continued seamless services.

BY ORDER OF THE BOARD OF DIRECTORS.
FIDELITY BANKLC

http://www.chikero.com.ng/business/fidelity-bank-appoints-alhaji-mohammed-lawal-balarabe-as-acting-managing-director/

1 Like 2 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by otokx(m): 10:38pm On May 02, 2016

Just like that?

3 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by EazyMoh(m): 10:49pm On May 02, 2016*

Hmn how many Nnamdis dey for detention now? help me count.
*modified.
Didn't mean to sound tribalistic.

21 Likes 1 Share

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Businessideas: 10:50pm On May 02, 2016

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Businessideas: 10:53pm On May 02, 2016

This is not funny funny.That same board that didn't see anything wrong in what Mr Okonkwo did until he was arrested by the EFCC?
The bank had better call for an emergency AGM to brief their shareholders and lay everything bare before the whole board members get arrested or indicted.
The bank is bigger than them and they better stop playing games.
I'm surprised no member of the board is resigning or investigating the role played by Mr Peter Obi who has been reportedly indicted by the statement of the embattled Managing Director.
The Chartered Institute of Bankers,CBN, NSE,SEC,bankers Committee etc have not even said anything.The only press release has been from the bank while the regulators have continued to maintain an annoying silence.
Did these regulators participate in the alleged atrocious professional misconduct too?
Who are they scared of? Is it until the problem gets bigger before they act?
The regulators should wake up to their responsibility.

42 Likes 2 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Nobody: 10:56pm On May 02, 2016*

But where is lalasticlala sef undecided

When is PMB going to sanitise the fin regulators in Nigeria sef

"I'm surprised no member of the board is resigning or investigating the role played by Mr Peter Obi who has been reportedly indicted by the statement of the embattled Managing Director." How can they? Jonathan even made Peter SEC Chairman before PMB pulled the chair sad

Nonsense action embarassed

5 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by wowmenow: 11:01pm On May 02, 2016

They have started again the same way sanusi sack all southern MDS of bank

They will tag all of them bank MDS from south as criminal zombies will support them on social media

Finally they replace them with fulanis

We are watching

9 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by TonyeBarcanista(m): 11:24pm On May 02, 2016

Their Wahala

1 Like

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by blaqoracle: 11:25pm On May 02, 2016

EazyMoh:
Hmn how many Nnamdis dey for detention now? help me count.
I thought FB was owned by Igbos how come Hausa man is on the board of directors.?

do igbo own anything, apart from noise.

36 Likes 2 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by realjoker(m): 11:55pm On May 02, 2016

wowmenow:
They have started again the same way sanusi sack all southern MDS of bank

They will tag all of them bank MDS from south as criminal zombies will support them on social media

Finally they replace them with fulanis

We are watching

your case don pass be careful, bro you are unredeemable. you need serious medication, counseling and deliverance.

47 Likes 4 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by wowmenow: 12:12am On May 03, 2016

realjoker:
your case don pass be careful, bro you are unredeemable. you need serious medication, counseling and deliverance.

Yes I really need deliverance from this Fulani wahhhala

4 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by malton: 1:13am On May 03, 2016

wowmenow:
They have started again the same way sanusi sack all southern MDS of bank
They will tag all of them bank MDS from south as criminal zombies will support them on social media
Finally they replace them with fulanis
We are watching

Seriously? You're a joke!

Look how you've become slave to tribalism.

EazyMoh:
Hmn how many Nnamdis dey for detention now? help me count.
I thought FB was owned by Igbos how come Hausa man is on the board of directors.?

With this kind of mentality, you seem incapable of running even a recharge card business! Yikes!

36 Likes 6 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by omowolewa: 2:30am On May 03, 2016

The former MD don go be that, scapegoat!

3 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by andersonbaba(f): 3:10am On May 03, 2016

They think using a Hausa man will make them free from their corrupt act. INFIDELITY at its peak sad

18 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by senior123: 3:16am On May 03, 2016

Businessideas:
This is not funny funny.That same board that didn't see anything wrong in what Mr Okonkwo did until he was arrested by the EFCC?
The bank had better call for an emergency AGM to brief their shareholders and lay everything bare before the whole board members get arrested or indicted.
The bank is bigger than them and they better stop playing games.
I'm surprised no member of the board is resigning or investigating the role played by Mr Peter Obi who has been reportedly indicted by the statement of the embattled Managing Director.
The Chartered Institute of Bankers,CBN, NSE,SEC,bankers Committee etc have not even said anything.The only press release has been from the bank while the regulators have continued to maintain an annoying silence.
Did these regulators participate in the alleged atrocious professional misconduct too?
Who are they scared of? Is it until the problem gets bigger before they act?
The regulators should wake up to their responsibility.

Fidelity bank is not a public institution. PMB, naija politics has nothing 2 do wit who d share holders/ BODs decide 2 appoint

12 Likes 1 Share

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by SamuelAnyawu(m): 4:57am On May 03, 2016

[quote author=wowmenow post=45258963][s]They have started again the same way sanusi sack all southern MDS of bank

They will tag all of them bank MDS from south as criminal zombies will support them on social media

Finally they replace them with fulanis

We are watching[[/s]/quote]

Fixed grin

6 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by princemillla(m): 6:56am On May 03, 2016

Look at how greediness has ruin this man's career. Smh

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Pavore9: 7:07am On May 03, 2016

Their Board of Directors should know what is best for them.

3 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Businessideas: 7:50am On May 03, 2016

senior123:
Fidelity bank is not a public institution. PMB, naija politics has nothing 2 do wit who d share holders/ BODs decide 2 appoint

It is not about politics, it's about good corporate governance.
The M. D, Nnamdi Okonkwo, allegedly pocketed a whopping $26million and this same board is claiming to be innocent?
ThIs same M. D has alleged that it was Mr Peter Obi who directed him to go ahead with the transaction.
Now the M. D of a national bank has been arrested and detained for weeks, the CBN is yet to say anything. Where's that done anywhere in the world?
Now SEC and NSE had equally maintained an annoying silence.This is the M. D of a bank listed on the Nigerian Stock Exchange.
Do we know if the $26m was used to acquire stocks in another bank, company or fidelity bank itself and when he's disposing his shares by force, can bring down those company's shares?
We just carried on as if it ends with arrest,detention and replacement of Nnamdi Okonkwo.That's just a surface scratch of the problem

25 Likes 6 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by YourMrBoo: 7:53am On May 03, 2016

An Igbo man made the bank what it is. The Hausa man would spoil show

1 Like

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Firgemachar: 7:53am On May 03, 2016

Was the aboooki next in line?
Or the ibos are desperately trying hard to appease their Fulani masters?
I thought by now ibos should have realised that Fulanis cant be pleased with such gesture.
They'd rather just take over the ibo bank once and for all.
Yet ibos will beat their empty chests and call Yorubas cowards and slaves - a perfect description of who they actually are in the country.
SMH

21 Likes 2 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by kcnwaigbo: 7:54am On May 03, 2016

Businessideas:
This is not funny funny.That same board that didn't see anything wrong in what Mr Okonkwo did until he was arrested by the EFCC?
The bank had better call for an emergency AGM to brief their shareholders and lay everything bare before the whole board members get arrested or indicted.
The bank is bigger than them and they better stop playing games.
I'm surprised no member of the board is resigning or investigating the role played by Mr Peter Obi who has been reportedly indicted by the statement of the embattled Managing Director.
The Chartered Institute of Bankers,CBN, NSE,SEC,bankers Committee etc have not even said anything.The only press release has been from the bank while the regulators have continued to maintain an annoying silence.
Did these regulators participate in the alleged atrocious professional misconduct too?
Who are they scared of? Is it until the problem gets bigger before they act?
The regulators should wake up to their responsibility.

has anyone been charged to court and convicted/ what exactly do you want the regulators to say? Shebi Diezani is in London.Go ahead and extradite her let us see

1 Like

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Businessideas: 8:01am On May 03, 2016

kcnwaigbo:
has anyone been charged to court and convicted/ what exactly do you want the regulators to say? Shebi Diezani is in London.Go ahead and extradite her let us see

To investigate.
The EFCC is handling the criminal angle, the regulators will establish professional and systemic misconduct to protect innocent stakeholders in the bank and learn from the problems if there is a loophole in the present banking/financial regulations.
The bank is presently more than Nnamdi and a few people charged with the board functions.
Not all cases need to even to get to the court or EFCC before correction or sanctions are implemented.For example,Chartrered Institute of Bankers have the power to set up disciplinary panel to find out if their members have acted in unprofessional manners.
I'm least bothered about the political angle for now but it's immoral and irresponsible if the regulators keep silent.
Imagine the role Johannesburg Stock Exchange did when MTN had the problem in Nigeria.They were even more responsive in calming down other stakeholders.
They didn't wait and watch people dumping the shares of the company before acting?

15 Likes 3 Shares

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by greatiyk4u(m): 8:45am On May 03, 2016

Appointing Northerner to attract sympathy from Buhari,
It won't work.............Ndi ara!

8 Likes

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Sonyoluade(m): 9:22am On May 03, 2016*

If God says yes no one can say no. I just can't say anything for now about President Buhari. If he as done it well or not. Until 2019 before any comment. God bless Nigeria.

1 Like

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by AYOdeji2102: 9:29am On May 03, 2016

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Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Plinman: 9:30am On May 03, 2016

otokx:
Just like that?

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by Babyphinas(f): 9:30am On May 03, 2016

Congrats

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by yomalex(m): 9:30am On May 03, 2016

Good

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by slimpoppa(m): 9:32am On May 03, 2016

Good for them.

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by OlujobaSamuel: 9:34am On May 03, 2016

Businessideas:
To investigate.
The EFCC is handling the criminal angle, the regulators will establish professional and systemic misconduct to protect innocent stakeholders in the bank and learn from the problems if there is a loophole in the present banking/financial regulations.
The bank is presently more than Nnamdi and a few people charged with the board functions.
Not all cases need to even to get to the court or EFCC before correction or sanctions are implemented.For example,Chartrered Institute of Bankers have the power to set up disciplinary panel to find out if their members have acted in unprofessional manners.
I'm least bothered about the political angle for now but it's immoral and irresponsible if the regulators keep silent.
Imagine the role Johannesburg Stock Exchange did when MTN had the problem in Nigeria.They were even more responsive in calming down other stakeholders.
They didn't wait and watch people dumping the shares of the company before acting?

nice one bro, the problem is that we can hardly differentiate between the regulator and operator in Nigeria.

1 Like

Re: Fidelity Bank Appoints Mohammed Balarabe As Acting Managing Director by HAH: 9:35am On May 03, 2016

Hmmm Balarabe my former boss

1 2 3 Reply

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