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 on Wednesday and titled: “YEMISI EDUN TO ACT AS MANAGING DIRECTOR OF FCMB, WHILE ADAM NURU PROCEEDS ON LEAVE, read: “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, and the Board conducts its review of the allegations. She has not been appointed as the substantive Managing Director.
“As and when the Board completes its review of the allegations, we will provide an update,”.
Nuru had volunteered to proceed on leave while the board of the bank begins investigation into his alleged romance with a former staff of the bank, Ms. Moyo Thomas.
Edun 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. 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.
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 year 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the Bank and now as CEO.