Suspension Of Nuru: FCMB Names Yemisi Edun As Acting MD

First City Monument Bank FCMB has named a new managing Director following stepping aside of embattled Adam Nuru.

The new chief executive of the bank is Yemisi Edun.

This is contained in a Notice signed by management of the bank. It reads, “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”

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. 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.

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.

SIGNED
MANAGEMENT pic.twitter.com/WgC2znaGzY

— FCMB (@MyFCMB) January 6, 2021

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 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