Adam Nuru Paternity Scandal: FCMB Silent On Probe 70 Days Since Investigation


First City Monument Bank (FCMB) has been silent on the allegations of unethical conduct against its director, Adam Nuru.

Nuru was in December 2020 enmeshed during a marriage scandal with Moyo, one of the bank’s former female staff members.

Tunde Thomas, the husband of the lady in contention, had died on December 16 reportedly from depression and asystole.

Thomas reportedly died of depression after he realised that his two children were allegedly fathered by the bank MD.

However, the bank during a statement on January 1, 2021 said it had been conscious of the allegations making the rounds against Nuru.

FCMB Group Head, Corporate Affairs, Diran Olojo, said the bank’s board of directors had already commenced a review into the matter, adding that its findings would be disclosed in due course.

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“We are conscious of several stories circulating across several media platforms about our bank’s director, Adam Nuru; a former employee, Mrs Moyo Thomas, and her deceased husband, Mr Tunde Thomas,” the statement said.

“While this is often a private matter, the tragedy of the death of Mr Tunde Thomas and therefore 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 therefore the adequacy of this code of ethics.

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“This is already under way. During the amount of the review, the director has volunteered to proceed inactively. this may guarantee the sanctity of the review process.”

And indeed, on Wednesday, January 6, FCMB issued a handout stating that Mrs. Yemisi Edun would be acting because the director of the bank within the interim period while Mr Adam Nuru was inactive.

The bank stated that it had been in line with normal corporate practices.

The statement signed by ‘the management’ and titled ‘Yemisi Edun to act as a director, while Adam Nuru proceeds on leave’, stressed that Edun had not been appointed because of the substantive director.

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“In line with normal corporate practice, Mrs Yemisi Edun is Acting because the director of FCMB within the interim period while Mr Adam Nuru is inactive. She has not been appointed because of the substantive director. Thank you.”

The bank has however remained silent quite two months after making the statement.

When contacted by SaharaReporters to ask about why the bank has been silent on the investigation, FCMB’s spokesperson, Olojo claimed the bank was still reviewing the allegations of unethical conduct against Nuru.

“We will announce the requisite updates once we are through. That process remains ongoing,” he said.


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