Managing director of First City Monument Bank (FCMB), Adamu Nuru has been sent on leave after the story of a scathing affair in which he was alleged to have had two children with a married woman and former subordinate Ms Moyo Thomas emerged on social media last week.
A panel is said to be currently probing the allegation against Nuru.
“The managing director volunteered to proceed on leave pending the outcome of the investigation of this scandal,” a source source claimed.
“Although it is a personal matter, the issue has gone really far and many allegations were made.”
More than 2,000 people had signed a petition to the Central Bank of Nigeria (CBN), calling for the sack of Nuru.
It is expected that the bank will issue a further statement on the issue today.