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Sex Scandal: FCMB to probe MD Nuru over alleged unethical conduct


The Board of Directors of the First City Monument Bank (FCMB) has said it is currently investigating allegations of unethical conduct against its Managing Director, Adam Nuru.

The bank chief has been at the centre of a marriage scandal involving Moyo Thomas, a former employee of the bank, and his late husband, Tunde Thomas.

A petition initiated by friends of the deceased had alleged that Tunde died of depression after discovering that his supposed two children with Moyo are not his.

Over 1200 people have already signed the petition to get the bank chief sanctioned.

Thomas was said to have died of depression on December 16, 2020.

The unidentified petitioners, also called on the Central Bank of Nigeria (CBN) to sack Nuru, while demanding a comprehensive investigation into the matter.

“This is a case of gross misconduct based on ethical grounds and an unjustifiable economic oppression by the elite (Adam Nuru) against the underprivileged in the society,” the petition, which has already garnered over 1200 signatures, reads.

“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.”

But in a statement, FCMB Group Head, Corporate Affairs, Diran Olojo, said the bank was aware of the allegations making the rounds against its MD.

The statement reads: “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 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 banks 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.”

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

The petition, initiated on Wednesday, alleged that Nuru was responsible for the demise of Tunde Thomas, said to have died of depression on December 16.

According to the petition, the FCMB MD allegedly had an affair with Moyo Thomas, the deceased’s wife, resulting in two children.

It alleged that Moyo 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 did not belong to him.

The petition claimed the news initially caused Thomas to go down with a stroke which he later recovered from before meeting another lady whom he planned to marry.

Thomas was, however, said to have suffered a cardiac arrest after returning from work — about two days before his introduction to his already pregnant girlfriend.

The petition, addressed to Godwin Emefiele, CBN governor, and the FCMB’s board, described the case as “an unjustifiable economic oppression by the elite against the less-privileged in the society.”

Recall, this is not the first time a Managing Director of the bank will be involved in sex scandal.

Former Managing Director and son of Subomi Balogun, founder of FCMB, Ladi Balogun was fingered in multiple sex scandals that shook the bank to its very foundation. Ladi who was the bank’s MD at the time was allegedly behind the marital crash of socialite, Uju Murphy and actress, Uche Iwuji.

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