The former CEO of Now Muzik En.Core Ltd, Solabomi Okonkwo, has been embroiled in fraudulent allegations since she left the company about three weeks ago. Okonkwo resigned from her position as NM En.Core’s CEO on May 10, 2017, but her resignation has raised eyebrows.
Her three-year stint with the Omole Phase 2-based company is reported to have come to an inglorious end when evidence emerged that Okonkwo without the knowledge of the board, had registered a purported subsidiary, Core Experiential Marketing Ltd.
She went ahead to introduce the company to key agency clients and in a manner suggestive of fraud, allegedly diverted the accounts to her new company while operating out of NM En.Core’s office as CEO.
According to a source in the company, ‘It is a case of gross abuse of trust but someone of her education and experience ought to have been more tidy in executing her plots.
‘Mrs. Solabomi Okonkwo’s hurried resignation raised eyebrows. When her company email account showed that she had deleted 5 months of official correspondence, the board had to launch an investigation.
‘Unfortunately for her, Solabomi left a revealing paper trail of her ill-advised, well-calculated but poorly executed unlawful appropriation of key company accounts.’ Following thorough investigations, Okonkwo was discovered to have allegedly executed the diversion in collaboration with company employees – Olanike Otenaike, Temitope Owojaye, Cynthia Ejimnkeonye and Gloria Iwuh.
The affected members of staff have claimed they received instructions from Okonkwo and had no idea that Core EXM wasn’t an En.Core subsidiary or affiliate. CAC documentation, however, revealed that two of them, Olanike Otenaike Adunola and Owojaye Ige Temitopeluwa along with Tolani Otenaike Tolulope and Adunni Eyitemi Taire Adefunke – who have done business with NM En.Core – are directors of the illegality and immorality, Core EXM. Now Muzik released a statement to the general public through its lawyers on May 2, 2017, that it is in no way affiliated with Core Experimental. The company lawyers are currently in active engagement with the police and the EFCC.
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