Adam Nuru Biography

Adam Nuru graduated from Ahmadu Bello University, Zaria, where he studied Business Administration with specialization in Finance. He also holds a master’s degree from Bayero University, Kano and has attended management programmes at leading international educational institutions.

He is a fellow of the Institute of Economics of Nigeria, a fellow of the Chartered Institute of Treasury Management and member of Nigerian Institute of Management, Chartered Institute of Bankers of Nigeria among others. He is the Vice Chairman of Institute of Strategic Management.

Adam Nuru Banking Career

He has been in the banking industry for over 28 years’ and his experience covers Corporate Finance, Consumer Banking, Public Sector, Treasury, Commercial/Retail Banking and Human Resources Management.

Mr. Nuru began his banking career at the Nigerian Agricultural & Cooperative Bank and has also worked at Oceanic Bank and FSB International Bank (Now Fidelity Bank), where he headed Public Sector, later Retail Banking (Lagos), and eventually Human Resources Management Group.

He joined FCMB in 2005 as Head of Enterprise Management overseeing Human Resources, Administration & Logistics and Branch Development.

And left FCMB to join FinBank Plc in 2009 as Executive Director, North Nigeria and rejoined FCMB as Executive Director Abuja & Northern Nigeria, following the merger of FCMB and FinBank in 2012.

Adam Nuru was appointed as the MD/CEO of FCMB in March 2017 after the regulatory and mandatory 10 years board membership of Ladi Balogun, the former MD expired.

FCMB saw its FCMB (UK) Limited’s business expanded from a wholesale banking operation license to include personal and business banking license in United Kingdom under his leadership.

Adam Nuru Banking Experience

Mr. Adam Nuru holds a Bachelor’s degree in Business Administration with a specialisation in Finance from the Ahmadu Bello University.

He has over 20 years experience covering Corporate Finance, Consumer Banking, Public Sector, Treasury, Commercial/Retail Banking and Human Resources Management. Mr. Nuru began his career at the Nigerian Agricultural & Cooperative Bank. He also worked at Oceanic Bank and FSB International Bank (Now Fidelity Bank), where he headed Public Sector, later Retail Banking (Lagos), and eventually Human Resources Management Group. He joined FCMB in 2005 as Head of Enterprise Management overseeing Human Resources, Administration & Logistics and Branch Development.

He joined FinBank Plc in 2009 as Executive Director, North Nigeria and rejoined FCMB as Executive Director Abuja & North Nigeria, following the merger of FCMB and FinBank in 2012.

Adam Nuru Wikipedia & Scandal

The Board of Directors of the First City Monument Bank has said it is currently reviewing allegations of unethical conduct against its Managing Director, Adam Nuru.

Nuru has been at the centre of a marriage scandal involving Moyo Thomas, a former employee of the bank, and his late husband, Tunde Thomas.

A petition initiated by friends of the deceased, on Thursday had alleged that Tunde died of depression after discovering that his supposed two children with Moyo belong to the FCMB MD.

It also called on the Central Bank of Nigeria (CBN) to sack Nuru, while demanding a comprehensive investigation into the matter.

“This is a case of gross misconduct based on ethical grounds and an unjustifiable economic oppression by the elite (Adam Nuru) against the underprivileged in the society,” the petition, which has already garnered over 700 signatures, reads.

Apparently, Tunde met someone else he was going to remarry but apparently didn’t recover from the first Marriage issues. Tunde was just made director for the MFB he works for. Got back from work last week and had a cardiac arrest 2 days before introduction to pregnant new girlfriend.

Nationality

Nigerian

State

Kwara State

Occupation

Banker

Adam Nuru Family

Adam Nuru hails from Kwara state, he is married to Hauwa Nuru and they are blessed with children.

Adam Nuru Net Worth 

FCMB saw its FCMB (UK) Limited’s business expanded from a wholesale banking operation license to include personal and business banking license in United Kingdom under his leadership.

Adam Nuru’s leadership of the FCMB have seen the size of the bank increased significantly: Assets of FCMB grew from N1.19 trillion in 2017 to N1.78 trillion by end of 2019. Likewise, FCMB customer deposit grew by N265 billion between 2017 and end of 2019. Profit Before Tax also at N20billion as at end of 2019 financial year from N12billion at end of 2017.

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