Embattled FCMB MD Goes On Leave As Bank Initiates Probe Over Sex Scandal

The embattled Managing Director of First City Monument Bank, Adam Nuru, has reportedly gone on leave as pressure for him to resign intensifies.

The MD of the tier-two bank has been in the news over an alleged affair with a married woman, Moyo Thomas, who was an employee of the bank.

Moyo had reportedly left Tunde, her husband, and travelled to the United States, from where she informed him that their two kids belong to her boss, Nuru.

Tunde was reported to have come down with cardiac arrest following the news and died on December 16.

Tunde’s death led to a trend on micro blogging site, Twitter over the weekend.

The Bank’s board consequently initiated a review of what transpired to find out if there were any violations of the bank’s code of ethics by the embattled MD.

FCMB said, “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.”

The scandal had led to a plunge in the share price of the bank to N3.1 from N3.33 as of December 2020.

Following the allegation, FCMB has been under pressure to fire the MD.

A petition was filed on Change.org asking the Central Bank of Nigeria and 3 others to sanction Nuru. THE WHISTLER can report that the petition has so far been signed by over 2,700 people.