Following the suspension of its Managing Director, Adam Nuru, over alleged paternity scandal, the Board of First City Monument Bank has appointed Yemisi Edun as acting Managing Director.
It was learnt that the FCMB Board took the decision to replace Nuru with Edun in acting capacity after an emergency meeting on Wednesday.
This is coming on the heels of the heat generated by the paternity scandal involving Nuru and a former FCMB employee, Moyo Thomas.
On Tuesday, the FCMB board forced Nuru to proceed on leave to enable to investigate the allegations against him.
The new FCMB boss, Edun, holds a bachelor’s degree in Chemistry from the Obafemi Awolowo University, 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 Chartered Financial Analyst.
Edun 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.
The FCMB acting MD 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.
Edun joined FCMB in 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the bank.