First City Monument Bank MD steps aside over sex scandal

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Mr Adam Nuru, managing director of First City Monument Bank, FCMB, has stepped aside from his office to make way for proper investigation of allegation of unethical sexual relationship with a female subordinate which reportedly produced two children and death of the woman’s husband.
FCMB in a public notice said:
“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.”
The bank’s MD has been in the news for days now for allegedly having an affair with Moyo Thomas, an official of the bank, who was married to Mr Tunde Thomas.
Moyo who had two kids – boy and girl – was reported to have travelled to the US from where she told Tunde that he was not the biological father of the children but that they were Nuru’s children.
Tunde suffered a cardiac arrest and died on December 16, 2020. He was buried on December 30, 2020
Since the scandal blew open, more than 1,000 people had signed a petition to the Central Bank of Nigeria, CBN, and called the sack of FCMB’s MD.
The mess has begun to affect FCMB adversely. Prices of its shares fell by 9.91% on the Nigerian Stock Exchange, NSE, yesterday

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