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Recalling the Sex Scandal of FCMB MD, Adam Nuru, Moyo Thomas and Ladi Balogun Too

by Desmond Ike-Chima
February 24, 2025
in NIGERIAN NEWS
Recalling the Sex Scandal of FCMB MD, Adam Nuru, Moyo Thomas and Ladi Balogun Too

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The sex scandal involving Adam Nuru a former MD/CEO of First City Monument Bank (FCMB) and Moyo Thomas, a married subordinate is still fresh in the hearts of many Nigerians.

ENigeria Newspaper recalls that the messy sex scandal led to a public outcry which saw many Nigerians threatening to boycott the late Otunba Subomi Balogun-founded financial institution.
Attempts by FCMB to cover up, and suppress the scandal in the guise of launching an in-house investigation proved abortive as aggrieved Nigerians took their grievances a notch higher by launching a change.org petition signed by over nine thousand people.

Adam Nuru’s case was not the first time an FCMB MD would be caught in the web of alleged sexual scandal. ENigeriaNews recalls that years back, Ladi Balogun who succeeded his now late dad as Chief Executive of the bank was also caught in the crossfire of an alleged sex scandal.

In the case of Ladi Balogun whose marriage to Banke crashed sometime in the year 2017, he was allegedly accused by Murphy Uzohe, husband of a fashionista, Uju Murphy in a public outcry that occupied headlines in the traditional media back then.

Mr. Uzohe openly accused the banking poster boy of taking advantage of his wife while he was in faraway Japan, although the news was not properly expatiated at the time following what was described by many as a behind-the-scene intervention, the stigma still follows Ladi like his shadow till date.

A similar tale of widely reported infidelity that rocked the country was Ladi’s alleged romance with actress, Uche Iwuji which reportedly led to the end of the latter’s marriage to oil magnate, Juwon Lawal which lasted barely a year.

Media reports suggest that, Ladi Balogun’s infidelity cast the last straw on his marriage to Banke which reportedly ended in 2017 in what was described as irreconcilable differences.
In light of the above revelations, coupled with the current scandal ravaging Adam Nuru, can’t it be said that, FCMB is now home to sex scandals?
Meanwhile, this newspaper also exclusively learned that FCMB generously threw cash around in a bid to quell the to the tension orchestrated by its Adam Nuru’s sex scandal with the former subordinate and married woman, Moyo Thomas, a sad development which was said to have caused the sudden demise of Tunde Thomas, but its greatest undoing is that the public was defiant and blatantly refused to fall for its cover-up story.

On the other hand, a holistic observation reveals that Adam Nuru is not new to controversies. For instance, he was alleged to have laundered about N573 million for Ibrahim Magu, the embattled former Chairman of the Economic and Financial Crimes Commission – EFCC.
Testifying to the Presidential Panel led by Justice Ayo Salami, Nuru said the alleged N573 million found in the account of Emmanuel Omale, the founder of Divine Hand of God Prophetic Ministries was wrongly posted, and one begins to wonder, has FCMB become a house of commotion of some sort?

Adam Nuru, Moyo and Tunde Thomas – Sex Scandal of the Decade

Two years ago, a lady staff of FCMB named MOYO THOMAS pictured with her hubby, reportedly had children for the former MD of FCMB, Adam Nuru, who was her boss while she was married to her husband, Tunde Thomas.

According to media reports Tunde her husband was not aware of her obnoxious office romance even as he loved and trained the children without knowing they weren’t his. When the older one was about 8 years old, MOYO resigned from FCMB and traveled to the US with the children, on “holidays”
But she didn’t return when school resumed in Nigeria.

After a lengthy argument with her husband Tunde and confusion as to why she hadn’t returned, she opened up, telling him that he wasn’t the father of those children, and even went as far as seeking asylum in the US on the grounds that her husband Tunde was “abusive” American government being sympathetic to anything that concerns women gave her asylum and she could live and work in USA.

Tunde broke down with a heart attack at 42 from hearing the news from which he later recovered partially and in trying to move on with his life and start his life afresh, he got engaged to lady and was to visit her parents on the 26TH of December, but unfortunately died on 15th. Autopsy results showed that he died from heart failure.

ENigeriaNews reports that MOYO Thomas his ex-wife is still alive with her children but Tunde is dead, obviously from the pains of the betrayal. When the news broke out, there was a massive outcry and protest by sympathizers who threatened to boycott FCMB if Adam Nuru doesn’t resign.

The bank vowed to open an investigation on the story and ensure possible disciplinary action, but there were indications that Adam Nuru went on to serve his full tenure as MD of the bank before retiring into a quiet life. Adam Nuru has his legitimate family in Nigeria as well as the other one in the USA and they are all living happily ever after while Tunde Thomas lies dead in the grave at just 42 years and his life and dreams are cut short.

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