FCMB appoints new acting Managing Director

First City Monument Bank (FCMB) has appointed an acting Managing Director and she is Mrs Yemisi Edun, an executive director on the board of the bank.

Edun will take over from the Mr. Adam Nuhu, who proceeded on leave to allow for an investigation into the allegation of unethical behaviour (paternity scandal) by him.

Nuhu was allegedly involved in a sexual relationship with a former married staff of the bank, Moyo Thomas. According to the allegations, Moyo’s husband died due to depression after discovering that the two children from his marriage were fathered by Mr. Nuhu.

A statement from the bank announcing Edun’s appointment reads in part; “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.”

Yemisi 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.

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