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Home Business News Business

FCMB MD, Adam Nuru embarks on voluntary leave over allegations of unethical conduct

Chidi Emenike by Chidi Emenike
January 6, 2021
in Business, Spotlight
FCMB MD, Adam Nuru embarks on voluntary leave over allegations of unethical conduct
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The Managing Director of First City Monument Bank, Adam Nuru has embarked on a voluntary leave following the alleged paternity scandal that has rocked social media.

This is according to a press release, signed by the management of the bank and seen by Nairametrics.

READ: Bank Customers condemn vilifying posts about FCMB on social media

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Recall Nairametrics reported that the management of FCMB is investigating the alleged extra-marital affair between the MD and a former employee of the company, Moyo Thomas which allegedly led to the death of the latter’s husband, Tunde Thomas.

As a way of ensuring the sanctity of the review process earlier promised by the firm, its Managing Director, Adam Nuru had to embark on voluntary leave, just as a review of what transpired and investigations intensify.

READ: 54gene partners FCMB, others to donate mobile laboratories to Lagos, Ogun States

In conclusion, the Bank urged all stakeholders to respect the concerned families, as the review process continues.

What they are saying: The press statement by the bank read thus: “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.

READ: FCMB drops 10% in early trading

‘’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.

READ: FCMB appoints Yemisi Edun as Acting Managing Director

‘’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.’’

READ: PenCom okays N2.58billion for relatives of 591 deceased workers in three months


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Tags: Adam NurufcmbFirst City Monument Bank
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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Comments 1

  1. Angry FCMB Customer says:
    January 7, 2021 at 6:15 am

    This must be why I’ve been sending emails and DMs and getting ignored by the bank. Everyone is busy with the scandal and has forgotten their customers because I don’t know why else I would have to beg to get a refund for a failed transaction

    Reply

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