First City Monument Bank (FCMB) has appointed a new MD/CEO to replace Adam Nuru who was involved in sex scandal with his staff, Ms Moyo Thomas.
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She is Mrs Yemisi Edun, an executive director on the board of the bank now to act as Acting Managing Director of FCMB.
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. In a Press Release from the Management of FCMB, its says, the woman has not been appointed as a substantive Director.
“Press Release
“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.
SIGNED
MANAGEMENT”.
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Nuru 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.
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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.
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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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