FCMB appoints Mrs. Yemisi Edun as new MD, clears Nuru of sexual allegations


The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited.

It said the announcement is subsequent to the end of service of the bank’s former Managing Director, Adam Nuru, who was accused of extra marital affairs with an ex-staff of the bank, Mrs Moyo Thomas.

However, the sttement claimed that the Board had earlier reviewed media allegations made in late 2020 against the former MD and did not establish any contravention of its policies.


Prior to her appointment, the new Managing Director, Yemisi Edun was the Executive Director/Chief Financial Officer of the bank and previously served as the acting Managing Director.

With a work experience spanning nearly 35 years, 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 Certified Financial Analyst, 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.