BREAKING: Yemisi Edun Emerged as FCMB New Acting Managing Director - Global Report

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Wednesday, January 6, 2021

BREAKING: Yemisi Edun Emerged as FCMB New Acting Managing Director

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WEMA/FG


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WEMA/FG

First City Monument Bank (FCMB) has appointed an acting managing director in the wake of the sex scandal rocking its Managing Director, Adam Nuru, and his subsequent stepping aside.



The new chief executive of the bank is Yemisi Edun.

A statement by the bank sent to journalists on Wednesday and titled: “YEMISI EDUN TO ACT AS MANAGING DIRECTOR, WHILE ADAM NURU PROCEEDS ON LEAVE.

It reads; “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.

She has not been appointed as the substantive Managing Director.

Thank you."

She is taking over from the Mr Adam Nuhu, who stepped aside from the exalted position to allow for an investigation into the allegation of unethical behaviour by him.

He was accused of having a romantic affair with a former employee of the financial institution, Mrs Moyo Thomas. The alleged romance produced two children, according to reports.

The new acting MD/CEO joined FCMB in 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the lender.

The erstwhile executive director in charge of finance at FCMB holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA Charter holder and also an Associate Member of the Chartered Institute of Stockbrokers (CIS); an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

She began her career with Akintola Williams Deloitte (member firm of Deloitte Touché Tohmatsu) in 1987, with main focus in Corporate Finance activities. Mrs Edun was also involved in audit of Banks and Other Financial Institutions.


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