FCMB: Nuhu steps aside, Yemisi Edun named acting MD

First City Monument Bank (FCMB) has appointed Mrs Yemisi Edun as an acting managing director of the bank

Edun, who was an executive director on the board of the bank before now, will take over from Mr Adam Nuhu, who stepped aside from the exalted position to allow for an investigation into the allegation of unethical behaviour levelled against him.

Nuhu was accused of having a romantic affair with a former employee of the financial institution, Mrs Moyo Thomas. The alleged romance reportedly produced two children.

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 also a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA charter holder. She is 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, USA; 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 on corporate finance activities.

Edun was also involved in the audit of banks and other financial institutions.

She joined FCMB in 2000 as divisional head of Internal Audit and Control before assuming the role of Chief Financial Officer of the bank.