Business Adam Nuru Becomes FCMB MD, Ladi Balogun Now Group CEO



FCMB Group Plc has announced he re-organization of its leadership at the Group level, as well as its flagship company, First City Monumental Bank Limited (FCMB Limited).

The group in a statement released and signed by the company's secretary, Mrs. Oluwafunmilayo Adedibu on Nigerian Stock Exchange said effective from march 20, 2017, Ladi Balogun, having served as Group managing Director of the commercial banking arm, FCMB limited for 10 years, will be stepping down in the capacity.

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He will assume the role of Group Chief Executive of the holding company, FCMB Group Plc.

Mr. Balogun will be succeeded as Managing Director of FCMB Limited by Adam Nuru, who is cureently the Executive Director in charge in Business Development for the bank.

Adam Nuru is a graduate of Ahmadu Bello University, Zaria where he studies Business Administration has attended management programmes at leading international educational institutions.