The Managing Director of First City Monument Bank (FCMB), Adamu Nuru has proceeded on leave following the ongoing investigations by the bank’s Board of Directors over the infidelity and paternity allegations levelled against him.
The bank announced Nuru’s leave in a statement issued on Tuesday.
According to the bank, the development would guarantee the sanctity of the review action the Board has initiated on the allegation, which was said to be an affair with one of its former employee.
The statement read: “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.
“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.
“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.”
