Yemisi Edun takes over as FCMB Managing Director
The Board of Directors of First City Monument Bank Limited (FCMB Ltd) has officially ended the tenure of Managing Director of FCMB Adam Nuhu following investigation intl his alleged involvement in an amorous relationship with a former female employee of the bank.
The Board of Directors of FCMB thanked Mr. Nuru for his years of dedicated service and wished him all the best in his future endeavors.
Recall that in late 2020, Nuhu was accused of having an affair with a former employee of the bank called Moyo who reportedly bore him two children while she was married to another man. Moyo’s husband was said to have been so shocked at the discovery of the romance between his wife and her boss and the realization that their two children belonged to Nuhu, that he was said to have developed a stroke and later died of heart failure a few days before his proposed wedding with another lady.
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Although the board said the allegations did not establish any contravention of its policies Nuhu was suspended from the bank.
Former Executive Director and Chief Financial Officer, Mrs. Yemisi Edun who had previously served as acting Managing Director have been appointed as the substantive Managing Director and Chief Executive Officer, ensuring a seamless transition in leadership.