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Nigeria’s FCMB appoints Edun ag. CEO as Nuru steps down aftermath of paternity scandal

By on January 6, 2021 0 261 Views

Nigeria’s First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting managing director after its embattled Chief Executive Officer steps down over an allegation of paternity issue with an ex-staff of the bank.

Adam Nuru, the lender substantive managing director proceeded on voluntary leave on Tuesday to enable the lender’s board to investigate the allegation of paternity scandal against him.

Edun, who until her appointment in acting capacity was the executive director finance at the bank.

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She is expected to act pending the determination of the investigations against Nuru over his role in allegations that he had a relationship with an ex-staff of the bank, Moyo Thomas who had two children for him while they are both married to different persons.

Edu 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.

The bank had in a public notice Tuesday, said Nuru proceeding on leave would guarantee the sanctity of the investigation.

“We are aware of several stories circulating across several 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 underway.

“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,” the statement had read.

As at January 3, no fewer than 2,311 people had signed an online petition to the Central Bank of Nigeria (CBN), calling for the sack of Nuru.

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