FCMB Issues Official Statement on Media Stories Regarding Its Managing Director

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Wednesday, January 06, 2021   / 09:04 AM / Press Release by FCMB / Header Image Credit: FCMB /Ecographics


FCMB issued a press release late yesterday to address the allegations against its Managing Director, stating essentially that this has been escalated for a board review and that further updates will be provided. No timeframe was given for this process to be concluded.

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"We are aware of several stories circulating across several media platforms about our Managing Director, Adam Nuru, a former employee Ms. 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 these code of conduct ethics. This will be done immediately.


We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various families involved."


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