Home Business Sex Scandal: FCMB appoints Yemisi Edun as Acting CEO

Sex Scandal: FCMB appoints Yemisi Edun as Acting CEO


Based on the allegation of sexual harassment against the formal Chief Executive Officer of First City Monument Bank (FCMB), Mr. Adam Nuru and his decision to voluntarily go on leave to allow the board investigate the paternity scandal against him.

To this end, FCMB has announced Yemisi Edun as it’s Acting Managing Director.
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 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.

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She began her career with Akintola Williams Deloitte (member firm of Deloitte Touché Tohmatsu) in 1987, with main focus in Corporate Finance activities. She was also involved in the audit of Banks and Other Financial Institutions. She joined FCMB in 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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In an earlier development, the bank through a public notice on Tuesday said Nuru proceeded on leave to guarantee the sanctity of investigation against his person. The statement reads in parts:
“We are aware of several stories circulating across several 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 underway.

“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 statement had read.


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