FCMB confirms Yemisi Edun as managing director

The Board of Directors of First City Monument Bank (FCMB) Limited has announced the sack of Adam Nuru as the Managing Director of FCMB Limited, and confirmed the appointment of Yemisi Edun as the substantive CEO/managing director of the bank. The embattled managing director of FCMB, Adam Nuru, had reportedly gone on leave as pressure for him to resign intensified.

The MD of the tier-two bank had been in the news over an alleged affair with a married woman, Moyo Thomas, who was an employee of the bank.

In a statement, the Board said it reviewed media allegations made in late 2020 against Nuru.

However, it said it did not establish any contravention of its policies. 

The Board of Directors of FCMB thanked Mr Nuru for his years of dedicated service and wished him all the best in his future endeavours.

Edun was first appointed in January to hold forte for Adam Nuru.

Edun was the former Executive Director and Chief Financial Officer of the bank.

She began her career with Akintola Williams Deloitte (member firm of Deloitte Touché Tohmatsu) in 1987, with main focus on Corporate Finance activities.

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

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

She 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 Certified Financial Analyst, CFA Charter holder.

Edun 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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