FCMB Board To Probe Bank MD Adam Nuru’s Alleged Sexual Misconduct


The board of the First City Monument Bank (FCMB) has bowed to public pressure to launch an investigation into the alleged sexual misconduct involving its Managing Director, Adam Nuru who allegedly fathered two children with a staff whose husband later died of the after effects of the discovery.

The said staff, identified as Moyo Thomas, is said to be the wife of another banker, Tunde Thomas, who on learning of his wife’s treachery developed health problems, which eventually deteriorated and led to his death a few days ago.


A group, Justice for Tunde Thomas, which blew the case open, launched a campaign on Change.Org and are currently collecting signatures with which to submit a petition to the Central Bank of Nigeria (CBN), with a demand that the bank boss be sacked from his job for what is seen as unacceptable behaviour in the industry.

In a swiftrresponse on Friday, FCMB Group Head, Corporate Affairs, Diran Olojo, said the bank was aware of the allegations making the rounds against its MD and was already taking action, adding that its board of directors had already commenced a review into the matter, adding that its findings would be disclosed in due course.

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 Ms Moyo Thomas and her deceased ex-husband, Mr Tunde Thomas,” the statement read.

“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 these code of conduct ethics. This will be done immediately,” the bank said.

“We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various families involved. Our Board of Directors are reviewing all aspects of this report and once they are done with their review, we will revert to you.”

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