FCMB probes allegations against MD, ex-employee




The Board of Directors of FCMB PLC has initiated an investigation into allegations of “unethical conduct” against its Managing Director, Adam Nuru.

The bank boss was accused of fathering two children by a former FCMB employee, Mrs. Moyo Thomas.

This was said to have pushed her husband, Mr. Tunde Thomas, into depression and led to his recent death.

Some friends of the deceased had raised a petition against the bank MD and the alleged mistress and called on the financial institution to investigate the matter.

The petition has generated over 700 signatures.

They also urged the Central Bank of Nigeria to sack Nuru.



Responding to enquiries by Saharareporters, the bank’s Group Head, Corporate Affairs, Mr. Diran Olojo, said the matter was being investigated.

He, however, said the bank’s board of directors had already commenced a review into the matter, adding that its findings would be disclosed in due course.

“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.

“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.”