Crisis: FCMB Appoints Yemisi Edun As Acting MD In Place Of Embattled Nuru


First City Monument Bank (FCMB) has appointed Yemisi Edun as acting managing Director, following the announcement yesterday that Adam Nuru has gone on leave amid allegation of marital infidelity levelled against him.

The bank is currently investigating allegations of sexual misconduct against Nuru as an extramarital affair between him and a former staff of the bank, Moyo Thomas, produced two children outside of her wedlock to her husband, Tunde Thomas. The later reportedly died of heart attack following the tragic development.

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Following Edun’s appointment as acting MD, there are uncertainties on whether Nuru will return to his position at the bank after the investigation launched into the accusation of unethical conduct.

Meanwhile, Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife now OAU and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

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She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA® Charter holder.

She is also an Associate Member of the Chartered Institute of Stockbrokers; 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.

She was also involved in audit of Banks and Other Financial Institutions.

She joined FCMB in 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the Bank.

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