FCMB Appoints Yemisi Edun as Acting Managing Director While Adam Nuru Proceeds on Leave

The Management of FCMB Group on Wednesday announced the appointment of Mrs. Yemisi Edun as the acting Managing Director of the financial institution following Mr. Adam Nuru’s compulsory leave.

Mr. Adam Nuru was accused of fathering two kids with a married staff, Moyo Thomas, whose husband, Tunde Thomas died as a result of the said affair.

Also, read FCMB Group MD Links to Death of Tunde Thomas, Husband of Married Staff He Fathered Her Kids

FCMB Group had announced earlier in the week that it had commenced an investigation into the alleged ‘unethical behavior’ of Mr. Adam Nuru as demanded by a petition signed by over 1000 Nigerians following the death of Mr. Tunde Thomas on December 16, 2020.

In a statement signed by Mrs. Olufunmilayo Adedibu, General Counsel, FCMB, the bank said “In line with normal corporate practice, Mrs. Yemisi Edun is Acting as the Managing Director of FCMB in the interim period while Mr. Adam Nuru is on leave.

The bank, therefore, clarified that Mrs. Yemisi Edun has not been appointed as the substantive Managing Director of the bank. The appointment is solely based on the ongoing investigation into what transpired between Mr. Adam Nuru and the Thomas family.

FCMB further stated that “We are aware of several stories circulating across 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.”