Tag: Yemisi Edun

FCMB Appoints Yemisi Edun As Managing Director
Economy, Finance, News, Nigeria

FCMB Appoints Yemisi Edun As Managing Director

The board of directors of FCMB Group Plc has appointed Yemisi Edun as the managing director of First City Monument Bank Limited. A statement on Tuesday said the announcement was subsequent to the end of service of the bank’s former Managing Director, Adam Nuru. The bank said the board had earlier reviewed media allegations made in late 2020 against the former managing director and did not establish any contravention of its policies. “The board of directors of FCMB thanks Mr Nuru for his years of dedicated service and wishes him all the best in his future endeavour,” the statement said. FCMB stated that prior to her appointment, Edun was the executive director/chief financial officer of the bank and previously served as the acting managing director. It stated, “With a work ex...
FCMB Appoints Edun as Acting MD
Breaking News, Business, Finance, News, Nigeria

FCMB Appoints Edun as Acting MD

First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as its Acting Managing Director. Her appointment yesterday followed the decision of the Managing Director, Adam Nuhu, on Tuesday “to proceed on leave” to allow the Board investigate alleged unethical conduct accusation against him. The bank is probing allegations of unethical conduct against Nuru. The bank chief has been at the centre of a marriage scandal involving Moyo Thomas, a former employee of the bank, and his late husband, Tunde Thomas. A petition initiated by friends of the deceased had alleged that Tunde died of depression after discovering that his supposed two children with Moyo belong to the FCMB MD. Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s deg...