FCMB Appoints Yemisi Edun as Acting-MD as Adam Proceeds on Leave
The First City Monument Bank (FCMB) has named Yemisi Edun as the Acting Managing Director of the bank in the interim, while Adam Nuru is on leave.
This was contained in a statement signed by the FCMB management via the bank’s Twitter handle.
“In line with normal corporate practice, Edun is acting as the Managing Director of FCMB in the interim period, while Adam Nuru is on leave.
“She has not been appointed as the substantive Managing Director,” the statement said.
Recall that Nuru volunteered to go on leave to enable the bank to investigate the paternity allegations against him.
In statement submitted on the Nigerian Stock Exchange dated 6th January, 2021, FCMB said: “We are aware of several stories circulating across 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”.
Read Also: FMBN releases N5.4bn loan to cooperatives to build housing units
FCMB Appoints Yemisi Edun as Acting-MD as Adam Proceeds on Leave
