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Home News

FCMB begins probe of MD over ethical concerns

by Abdulrahman Abdullahi
January 4, 2021
in News
Reading Time: 2 mins read
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FCMB begins probe of MD over ethical concerns
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By Abdulrahman Abdullahi

At least 1,927 persons have called on the management of First City Monument Bank, FCMB to quickly sack its Managing Director, Adam Nuru, over alleged infidelity with a former worker with the bank, Moyo Thomas.
The petition is requesting the Central Bank of Nigeria, CBN and the FCMB board to dismiss Nuru on ethical grounds.
It came on the heels of the death of Moyo’s estranged husband, Tunde Thomas, who reportedly died of depression about two weeks ago after Moyo reportedly told him some months ago that her two kids were fathered by Nuru.
Moyo had reportedly left Tunde and travelled to the United States with the kids, informing him that the children were not his when she got to the US.
Tunde was said to have been down with stroke but later recovered.
It was gathered that Tunde tried to put the matter behind and decided to remarry.
He reportedly suffered a cardiac arrest and died two days to the introduction with his new girlfriend.
The petition posted on an online platform, change.org, had been signed by 1,927 persons as of 11pm out of the 2,500 target.
The petition read in part, “This is a case of gross misconduct based on ethical grounds and an unjustifiable economic oppression by the elite (Adam Nuru) against the less privileged (sic) 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. This is a case too many, while I agree that this is not the full story, the barest minimum will be an investigation to this unethical conduct by the current MD of FCMB, Bank Adam Nuru.”
Reacting to the allegations, the bank said its board of directors had commenced investigation into the matter to ascertain whether its code of ethics was violated.

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