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NATIONAL: FCMB begins probe of MD over paternity scandal

Over 1,927 sign petition demanding MD’s dismissal

FIRST City Monument Bank on Friday said its board of directors had commenced an investigation into a matter of alleged infidelity of its Managing Director, Adam Nuru with a former worker and subordinate, Moyo Thomas

The bank noted that at the end of the investigation it would be able to ascertain whether its code of ethics was violated or not.

The investigation came on the heels of a petition signed by over 1,927 persons demand the sacking of Nuru by the Central Bank of Nigeria and FCMB board on ethical grounds.

The petition was necessitated by the death of Moyo’s estranged husband, Tunde Thomas, who reportedly died of depression about two weeks ago after Moyo reportedly told him some months ago that her two kids were fathered by Nuru.

Moyo had reportedly left Tunde and travelled to the United States with the kids, informing him that the children were not his when she got to the US. Tunde was said to have been down with stroke but later recovered.

Moyo also allegedly lodged complaint of domestic violence against his estranged husband in certain department in US purportedly to prevent Tunde from coming to the country to confront her on the issue.

It was gathered that Tunde tried to put the matter behind him and decided to remarry. He reportedly suffered a cardiac arrest and died two days to the introduction with his new pregnant girlfriend.

The petition posted on an online platform,, had been signed by 1,927 persons as of 11pm out of the 2,500 target.

The petition read in part, “This is a case of gross misconduct based on ethical grounds and

an unjustifiable economic oppression by the elites (Adam Nuru) against the less privileged (sic) in the society. 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. This is a case too many, while I agree that this is not the full story, the barest minimum will be an investigation to this unethical conduct by the current MD of FCMB, Bank Adam Nuru.”

However, a statement made available to newsmen by the FCMB’s spokesman Diran Olojo on behalf of the company 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 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 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.”

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