The Managing Director, First City Monument Bank, Mr. Adam Nuru, has proceeded on leave as the bank begins an investigation into his alleged adultery saga.

Management of FCMB in a statement on Tuesday said the Managing Director who has been accused of paternity fraud, volunteered to go on leave to aid the investigation process.

The statement said “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.”