FCMB Appoints Yemisi Edun As Acting CEO

First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the institution.

The decision was followed after the Chief Executive Officer, Mr. Adam Nuru, was asked to proceed on voluntary leave as the board begins discreet investigations into allegation of paternity scandal and gross misconduct labeled against him.

The bank uncovered this on Wednesday. Following a public notice that; Nuru proceeding on leave would guarantee the sanctity of the investigation.

“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 under way.

“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.

As at January 3, no fewer than 2,311 people had signed an online petition to the Central Bank of Nigeria (CBN), calling for the sack of Nuru.

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.

Edun 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.

However, many Nigerians are looking forward to the outcome of the investigation.