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The First City Monument Bank (FCMB) has announced the appointment of Yemisi Edun as its acting managing director.

Edun takes over the running of the bank from the Managing Director, Adam Nuru, who on Tuesday, January 5, proceeded on leave amid allegations of marital infidelity involving him and a former staff of the bank, Moyo Thomas.

A statement from the bank announcing Edun’s appointment reads in part

“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, and the Board conducts its review of the allegations.

She has not been appointed as the substantive Managing Director. As and when the Board completes its review of the allegations, we will provide an update.”

Edun has hitherto been the bank’s executive director, finance.

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