FCMB Scandal: Nuru’s MD goes on leave as Bank begins probe

The Management of the First City Monument Bank (FCMB) has asked the embattled Managing Director of the bank, Adam Nuhu, to proceed on leave amid the allegation of marital infidelity pending the outcome of the investigation of the matter.

Newsflash247 had earlier reported that Moyo Thomas, a former FCMB employee who allegedly had two children for Adam Nuru, the Managing Director of the bank and was cause the death of the late husband, Tunde Thomas.

Moyo and Nuhu have been subjects of controversy lately after some friends of Tunde, who died on December 16, 2020, in a petition alleged that his death was caused by the FCMB’s Managing Director.

They claimed he died of depression after finding out that his two children with Moyo did not actually belong to him, but fathered by Nuru.

According to the petition, the woman had informed her husband that she was leaving Nigeria for the United States with the kids, only to call him upon arrival that the children were not his.

The petition further claimed the news initially caused Tunde to suffer a stroke but he later recovered and thereafter met another lady whom he planned to marry.

He was, however, said to have suffered cardiac arrest after returning from work about two days before his relations were billed to be introduced to the family of his pregnant girlfriend.

Nuru was accused of having an affair with Moyo, a former official of the bank, who is married to late Tunde Thomas.

Meanwhile, the FCMB management indicated that the embattled MD of the bank has volunteered to proceed on leave to guarantee the sanctity of the review process.


“A panel is currently probing the allegation against,” a source said.

A statement today, by the FCMB management indicated that the embattled MD of the bank has volunteered to proceed on leave to guarantee the sanctity of the review process.

The statement read; “We are aware of several stories circulating across several media platforms about our bank’s Managing Director Adam Nuru, a former employee Mrs Moyo Thomas and her deceased 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 ethics. This is already under way.

“During the period of the review, the Managing Director has volunteered to proceed on leave. This will guarantee the sanctity of the review process.

“We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various families involved.”

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Sade Adewale

Sade Adewale is an experienced editor. She Studied Sociology at the Ekiti State University, Ado Ekiti. Contact: sadeadewale14@gmail.com

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