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Home Business News Business

FCMB set to investigate allegations involving MD, Adam Nuru

Chidi Emenike by Chidi Emenike
January 2, 2021
in Business, Spotlight
FCMB notifies investors on Q3 results delay, Africa’s Richest Woman, Ogun State First Lady and others celebrate FCMB SheVentures at 1, FCMB Group declares final dividend, fixes date for 7th AGM
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The Management of First City Monument Bank Limited (FCMB) has announced that it is currently investigating the allegation involving its Managing Director, Adam Nuru.

This is according to an exclusive press release made available to Nairametrics and signed by the Head of Corporate Affairs, FCMB Group, Diran Olojo.

READ: FCMB Group Plc projects PBT of N4.2 billion for Q1 2021

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Recall that the social media and internet space has been buzzing following an allegation of extra-marital affairs involving the Managing Director of the Bank, Adam Nuru, and a former employee known as Moyo Thomas, part of which allegedly led to the death of the latter’s husband, Tunde Thomas.

READ: The 5 allegations against CAMA

In response to the allegations, FCMB Group informed stakeholders and the general public that it is currently conducting a review of what transpired, to ascertain if there are violations of code of ethics or mere allegations.

READ: NESG’s allegations, malicious attempt to tarnish the economic recovery program- CBN

What they are saying

Commenting on the recent development, Diran Olojo, said:

  • ‘’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 requires 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.’’

READ: Here is what Akinwunmi Adesina said about allegations against him


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Tags: Business NewsfcmbFirst City Monument Bank Limited
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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