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First with the News

Paternity Fraud: Yemisi Edun Takes Over as FCMB Acting MD/CEO

Yemisi Edun takes over as acting Managing Director to replace embattled Adam Nuru.

January 6, 2021
in Top Stories, Economy
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Paternity Fraud Yemisi Edun Takes Over as FCMB Acting MD CEO

Yemisi Edun.

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The Management and Board of First City Monument Bank (FCMB) Plc has named Yemisi Edun as acting Managing Director, subject to regulatory approvals which will be subsequently announced in the coming days.

She is taking over from the Mr Adam Nuhu, who stepped aside from the exalted position to allow for an investigation into the allegation of unethical behaviour by him.

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Nearly 2,000 persons had signed the petition calling on the Central Bank of Nigeria and FCMB to sack Nuru over alleged infidelity with a former employee of the bank Moyo Thomas.

The new acting MD/CEO joined FCMB in 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the lender.

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.

She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA Charter holder and also an Associate Member of the Chartered Institute of Stockbrokers (CIS); 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 was also involved in the 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 and now as CEO.

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