The Board of Directors of First City Monument Bank (FCMB) Group Plc has introduced the tip of service of Adam Nuru because the Managing Director of FCMB Limited.
The board thanked Nuru for his years of devoted service and wished him all one of the best in his future endeavors.
It subsequently introduced the appointment of Yemisi Edun as the brand new Managing Director of the financial institution.
Before her appointment, the brand new MD, Edun, was the financial institution’s Executive Director/Chief Financial Officer and beforehand served because the performing MD.
FCMB board was silent on its findings on the unethical conduct in opposition to the previous MD, Nuru.
Recall Nuru was in December 2020 enmeshed in a wedding scandal with Moyo Thomas, one of many financial institution’s former feminine employees members.
Tunde Thomas, the girl’s husband , had died on December 16, reportedly from despair and cardiac arrest.
Thomas reportedly died of despair after realizing that the financial institution MD allegedly fathered his two youngsters.
However, the financial institution, in an announcement on January 1, 2021, stated it was conscious of the allegations making the rounds in opposition to Nuru.
FCMB Group Head, Corporate Affairs, Diran Olojo, stated the financial institution’s Board of Directors had already commenced a assessment into the matter, including that its findings could be disclosed sooner or later.
“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 assertion stated.
“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 interval of the assessment, the managing director has volunteered to proceed on depart. This will assure the sanctity of the assessment course of.”