Paternity Scandal/Investigation: FCMB Appoints Acting MD as Nuru Goes on Leave

The First City Monument Bank (FCMB), on Wednesday, named Mrs. Yemisi Edun as the Acting Managing Director of the bank in the interim.

This is following the news of the alleged affair between its Managing Director, Adam Nuru, and one of its former staff identified as Moyo Thomas, which caused controversy online.

The announcement was contained in a statement signed by the FCMB management on its Twitter handle.

“In line with normal corporate practice, Edun is Acting as the Managing Director of FCMB in the interim period, while Mr Adam Nuru is on leave.

“She has not been appointed as the substantive Managing Director,” the statement read.

It is to be noted that FCMB in reaction to the allegations against Mr Nuru said the Bank’s board of directors have begun an investigation of the allegation which it termed unethical.

It said even though the matter remains personal, 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

Recall, the bank in a statement earlier disclosed that the Managing Director of First City Monument Bank Limited, Adam Nuru, has proceeded on leave to enable the bank to investigate the allegations against him.

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FCMB said the move was important to guarantee the sanctity of its investigations.

“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,” the statement 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 this code of ethics.

“This is already under way. During the period of the review, the managing director has volunteered to proceed on leave. This will guarantee the sanctity of the review process.”