Paternity Scandal: FCMB appoints Yemisi Edun as new MD

First City Monument Bank, FCMB, has appointed a new managing director following the Paternity Scandal and  stepping aside of embattled Adam Nuhu.

We had earlier reported that Mr. Adam Nuru proceeded on voluntary leave to allow the bank board investigate the alleged sex scandal involving him and a former staff of the bank, Ms. Moyo Thomas.

Nearly 2,000 persons had signed the petition calling on the Central Bank of Nigeria and FCMB to sack Nuru over alleged infidelity with a former employee of the bank Moyo Thomas.

First City Monument Bank, FCMB, has now named a new managing director Yemisi Edun.

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.

READ MORE: Alleged Paternity Scandal: Over 1000 sign petition to sack FCMB MD.

She began her career with Akintola Williams Deloitte (member firm of Deloitte Touché Tohmatsu) in 1987, with the main focus on Corporate Finance activities.

She was also involved in the audit of Banks and Other Financial Institutions. She joined FCMB in the 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.