The management of First City Monument Bank (FCMB) has appointed Mrs. Yemisi Edun as the acting managing director/CEO. This move is line with corporate practice, to name an acting managing director who will be directing the affairs of the bank until a full investigation of Mr Adam Nuru is carried out who is facing a moral case of parental scandal.
In a statement by the bank which read, "In line with normal corporate practice, Mrs Yemisi Edun is Acting as the Managing Director of FCMB in the interim period while Mr Adam Nuru is on leave".
"She has not been appointed as the substantive Managing Director", the announcement concluded.
The bank's management board announced Mrs Yemisi Edun as the acting managing director of FCMB.
Mrs Yemisi was asked to act as the managing Director while the former managing director is on leave to iron out the parental scandal case which involved Moyo Thomas an ex-staff of the bank.
The social media has produced different story from the parental scandal. However, the management granted Mr Nuru work leave so that they can be able to investigate the issue. The most important is that parents should learn he to know whether their children are theirs. This they can do by carrying out a DNA test.
Mrs Yemisi Edun holds a bachelor's degree in Chemistry from the University of Ife, Ile-Ife and a Masters degree in International Accounting and Finance from the University of Liverpool, United Kingdom. She's a fellow of the Institute of Chartered Accountants of Nigeria. She is also a CFA holder and an Associate member of the Chartered Institute of Stockbrokers. She's also an Associate member of the Institute of taxation, Nigeria.
She has attained several feet in the accounting and financing field to be counted worthy of the appointment. She is not the Managing Director as it is now, but has been given the right to act as the Managing Director until the scandal has been fully investigated.