Paternity Mess: FCMB Finally Replaced Suspended Nuhu Adam With First Female Managing Director

Paternity Mess: FCMB Finally Replaced Suspended Nuhu Adam With First Female Managing Director

 

Yemisi Edun, who took over the reins of First City Monument Bank (FCMB) in an acting capacity in January after the immediate past Managing Director Adam Nuru proceeded on a leave, has been appointed the tier 2 lender’s new chief, the FCMB Group said Tuesday.

 

 

She becomes the first female CEO of Subomi Balogun-backed FCMB, the appointment having received the blessing of the industry regulator, the Central Bank of Nigeria, the financial services group said in a note to the Nigerian Exchange Limited seen by PREMIUM TIMES.

 

 

In January, the bank’s board appointed Ms Edun, who was the bank’s executive director/chief financial officer at the time, to hold the fort for Mr Nuru, to allow for an investigation into a paternity scandal involving the former CEO, Moyo Thomas, a one-time FCMB employee and Tunde Thomas, her late husband.

 

 

The high-profile misconduct probe, the culmination of a petition signed by over 1,400 Nigerians, followed an allegation that Mrs Thomas, who had informed her husband of her decision to leave for the United State with the kids, called Mr Thomas on arrival that none of the two kids, who had known the 45-year-old as their father, was his