Paternity Scandal: FCMB Appoints Acting Managing Director
The development followed the paternity scandal involving its current MD, Adam Nuru, and an ex-employee of the bank, Moyo Thomas.
by SaharaReporters, New York
Jan 06, 2021
First City Monument Bank (FCMB) has appointed Yemisi Edun as its acting Managing Director.
The development followed the paternity scandal involving its current MD, Adam Nuru, and an ex-employee of the bank, Moyo Thomas.
In an official statement on Wednesday, the bank said, 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. She has not been appointed as the substantive Managing Director. Thank you.
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First City Monument Bank (FCMB) has named Yemisi Edun as its acting managing director following Adam Nuru’s paternity scandal.
Before her appointment which is subject to confirmation by the Central Bank of Nigeria, Edun held the position of executive director.
The bank had in a public notice on Tuesday said Nuru proceeded on leave. It also said the move would guarantee the sanctity of the investigation against allegation of unethical behaviour against him.
Nuru is being accused of having two children with a former FCMB employee Moyo Thomas who was married to Tunde Thomas. The alleged relationship, his accusers say, led to the death of Mr Thomas.
By Obinna Chima
First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank.
This followed the decision by the Chief Executive Officer, Mr. Adam Nuru, to proceed on voluntary leave as the board investigates allegation of paternity scandal against him.
The bank disclosed this on Wednesday.
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.
Following the forced leave embarked upon by the embattled Managing Director of the First City Monument Bank (FCMB), Adam Nuru, in the wake of an adultery and paternity scandal dogging him, the bank has named an acting Chief Executive Officer to take charge of affairs in the bank.
In a statement issued by the bank on Wednesday, the new acting MD is Yemisi Edun.
The statement says Edun will hold forte pending when the investigation into the Nuru scandal is finalised.
The statement adds that 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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First City Monument Bank, FCMB has named Yemisi Edun as the new managing director following the stepping aside of the embattled erstwhile MD, Adam Nuru.
Nuru, had opted to go on leave amid allegation of marital infidelity.
Over 1,000 people had signed a petition to the Central Bank of Nigeria (CBN), calling for the sack of Adam Nuru. The petition was initiated by friends of late Tunde Thomas who was married to Moyo.
They had alleged that Tunde died of depression after discovering that his supposed two children with Moyo belong to the FCMB MD.
They therefore called on the Central Bank of Nigeria (CBN) to sack Nuru, while demanding a comprehensive investigation into the matter.