FCMB MD Proceeds on Leave as Paternity Scandal Probe Begins

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Nwolu Obiajulu

Obiajulu Nwolu is an established writer at africannewstoday.com. He is passionate about African affairs. He loves writing about interesting facts relating to the African continent and enjoys sharing his knowledge with others.

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Adam Nuru, the Managing Director of First City Monument Bank Limited, has been embarked on leave to enable the bank duly investigate his indictment in the paternity scandal involving a former employee of the bank, Mrs Moyo Thomas.

This was contained in a statement the bank issued on Tuesday.

The statement partly 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 underway. 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.”

African News Today had reported that at least 1,927 persons had signed a petition demanding for the sacking of Nuru on ethical grounds over alleged infidelity with a former staff of the bank, Moyo Thomas.

The petition was informed by the death of Moyo’s late husband, Tunde, who had reportedly died of depression after Moyo revealed to him that her two kids were not fathered by him but by Nuru.

Tunde was reported to have suffered stroke but later recovered. He tried to move on from the incident and tried remarrying but suffered a cardiac arrest and died two days to the introduction ceremony of his new girlfriend.