Following the decision by embattled the Chief Executive Officer, Mr. Adam Nuru, to proceed on voluntary leave as the board investigates allegation of paternity scandal against him.
The management of First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank while embattled Adam Nuru is on voluntary leave for allegation of paternity scandal.
The bank disclosed this to the public on Wednesday.
Check on her profile showed, the Acting CEO, Yemisi 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 as at today she is the acting CEO
The Acting CEO 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.
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.
The bank had in a public notice Tuesday, said 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
This development seem some how because check on the website of the Central Bank of Nigeria (CBN) to see if FCMB has notify the regulator for full approval of the appointment. nothing of such is there or yet to publish.
Also the Nigerian Stock Exchange’s website is yet to published it too, which is typically the first place key executive management appointments for quoted companies are first made public
If embattled CEO/MD Adam Nuru failed to come back to his office and Yemisi Edun is confirmed by the relevant stakeholders it will be the 4th female CEO of a commercial bank, following Fidelity Bank, Unity Bank, and Citi Bank.
Will Yemisi Edun make it to confirmed CEO in nearest possible future? time and chance shall tell.
The Captioned Photo: The First City Monument Bank Limited (FCMB), Acting Chief Executive Officer, Yemisi Edun.
