All Eyes On First City Monument Bank As “Marriage Scandal” Rocks Bank



By Ayo Kehinde



One of the frontline new generation banks in Nigeria, First City Monument Bank (FCMB), has reacted to a viral scandal story involving its Managing Director, Adam Nuru, and a staff, Moyo Thomas, a married woman with whom he fathered two children.

The bank said it would begin investigation into the allegations and spare no one who was found guilty.
According to trending reports on the story, Moyo Thomas, was engaged in an office romance with her MD, Nuru, for almost ten years during which she gave birth to two children for him but passed them off as her husband, Tunde’s children. The relationship was well known throughout the organization but was spoken about in hushed tones.

In the meantime, Tunde, who was an Executive Director in an asset management company, GDL Asset Management Company Ltd, played his fatherly role without suspicion and without even a hint of what was amiss in his 10- year- old marriage. He reportedly often took his children and wife to London and Dubai on holidays. He put the children in the best schools in Lagos.

At the height of the scandalous relationship and when the older child was about eight (8) years old, the lady suddenly resigned from FCMB and travelled to the US with the two children, ostensibly on holiday.

It was when the school session started in Nigeria and the children were not returned that Tunde started asking questions and the lady finally summoned the courage to tell him the children were not his own. She then went to the extent of filing for asylum in the US on the ground of marital violence in Nigeria.

Within a few months of hearing this news, Tunde suffered a stroke at about the age of 42. He recovered from the stroke but became a shadow of his former self. For three years he tried to pick up the pieces of his life and started another relationship with a lady, a lawyer.

Then on December 26, 2020, he invited some friends to accompany him to visit the lady’s parents for an introduction before beginning the process of marrying all over again. They were planning the materials to take along for the visit when the unexpected happened. Tunde, now 45, got home from work on the night of December 15 only to collapse by his staircase and die immediately. Autopsy report puts the cause of death as heart failure. He was buried on December 30, 2020.

Struck by the sudden death of their son and friend, the family and friends of Tunde Thomas petitioned the Central Bank of Nigeria (CBN), the board and management of FCMB, asking them to probe Adam Nuru, immediately, threatening to mobilize the public to picket FCMB offices until the issue was addressed and appropriate sanctions meted to the culprit.

Unexpectedly, they soon found unsolicited but fitting support from the public. Outraged by the story, 400 persons immediately signed a petition calling for the sacking of Adam Nuru. The petition, addressed to Godwin Emefiele, CBN governor, and the FCMB’s board, stated that the case is “an unjustifiable economic oppression by the elites against the less privileged in the society”.

The petitioners called for a proper investigation into the matter, saying that the MD had been trying to sweep the “unethical conduct” under the carpet.
The petition read: “This is a case of gross misconduct based on ethical grounds and an unjustifiable economic oppression by the elites (Adam Nuru) against the less privileged in the society.

“The MD has been doing everything possible to sweep this case under the carpet. We implore the Central Bank of Nigeria as the apex regulator and the board of FCMB to investigate this for the integrity of the bank and Nigerian banking industry.”

Feeling the heat from the barrage of unsavoury comments on social media, the bank issued a statement that a probe by the bank’s board would begin immediately.

According to the statement; “We are aware of several stories circulating across several media platforms about our bank’s Managing Director Adam Nuru, a former employee Ms Moyo Thomas and her deceased ex 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 banks 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.”