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FCMB Limited Announces Appointment Of Mrs. Yemisi Edun As The New Managing Director And Successor To Mr Adam Nuru

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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.

This announcement is subsequent to the end of  service of the bank’s former Managing Director, Adam
Nuru.

The Board had earlier reviewed media allegations made  in late 2020 against the former MD and did not
establish any contravention of its policies. The Board of Directors of FCMB thanks Mr Nuru for his years
of dedicated service and wishes him all the best in his future endeavours.

Prior to this 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.

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