FCMB appoints Yemisi Edun as acting Managing Director
By Kayode Tokede
The First City Monument Bank has appointed an acting Managing Director. She is Mrs. Yemisi Edun.
Edun was asked to step into the shoes of the Managing Director, Adam Nuhu, in an acting capacity, after the latter volunteered to go on leave while the bank probes the paternity allegation involving former staff of the bank, Moyo Thomas.
It was learned that the board of the bank met on Wednesday and a decision was reached that the most senior personnel, Edun, should step into the position as acting managing director.
Edun holds a Bachelor’s degree in Chemistry from the Obafemi Awolowo University, Ile-Ife, and a Masters 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 Chartered Financial Analyst. She is also an Associate Member of the Chartered Institute of Stockbrokers and an Associate Member of the Institute of Taxation of Nigeria, Member of Information Systems Audit and Control, U.S.A. and a Certified Information Systems Auditor.
She began her career with Akintola Williams Deloitte in 1987 with a focus on corporate finance activities as well as audit of banks and other financial institutions.
She joined FCMB in the year 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the bank.
However, the bank in a statement to The NSE on Wednesday stated reasons why the embattled MD of the bank proceeds on voluntary leave.
A statement accessed by Nigerian NewsDirect and signed by company’s secretary, Mrs. Olufunmilayo Adedibu, stated that, We are aware of several stories circulating across media platforms about our bank’s Managing Director Adam Nuru, a former employee Mrs Moyo Thomas and her deceased husband, Mr Tunde Thomas.
“While this is a personal matter, the tragedy of the death of Mr Tunde Thomas and the allegations of unethical conduct require the bank’s board to conduct a review of what transpired, any violations of our code of ethics and the adequacy of this code of ethics. This is already under way.
”During the period of the review, the Managing Director has volunteered to proceed on leave. This will guarantee the sanctity of the review process.
”We enjoin all our stakeholders to bear with us as we conduct this review and to please respect the various families involved.”
The group shares listed on the NSE, however, gained 0.33 per cent or N0.01 to close at N3.02 on Wednesday.
