Personality in Focus
Meet Yemisi Edun, FCMB’S New Acting MD
The management of First City Monument Bank has appointed Yemisi Edun as its acting managing director.
Mrs Edun, holds a bachelor’s degree in Chemistry from the Obafemi Awolowo University, Ile-Ife, and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.
She is also a fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst.
Mrs Edun began her career with Akintola Williams Deloitte in 1987 with focus on corporate finance activities and audit of banks and other financial institutions.
She joined FCMB in 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the bank.
The acting MD is also an Associate Member of the Chartered Institute of Stockbrokers and an Associate Member of the Institute of Taxation of Nigeria, Member of Information Systems Audit and Control, U.S.A. and a Certified Information Systems Auditor.
The decision to appoint Edun acting MD came amidst the scandal involving the managing director of the bank, Adam Nuru.
Mr Nuru proceeded on leave earlier in the week to enable the bank to investigate the allegations against him.
The bank has been in the eye of the storm lately when allegations of unprofessional romantic affair were leveled against Mr Nuru.
It was reported that over 1900 people signed a petition asking the Central Bank of Nigeria (CBN) to sack the Mr Nuru.
The petition alleged that the bank MD was responsible for the demise of a staffer, Tunde Thomas.
Mr Thomas was said to have died of depression on December 16, 2020.
According to the petition, the FCMB MD allegedly had an affair with Moyo Thomas, who was the deceased’s wife, resulting in two children.
It alleged that Moyo had informed her husband that she was leaving Nigeria for the United States with the kids only to call him upon arrival that the children do not belong to him.
The petition claimed the news initially caused Mr Thomas to have a stroke but he later recovered and thereafter met another lady whom he planned to marry.
Mr Thomas was, however, said to have suffered a cardiac arrest after returning from work about two days before his introduction to his already pregnant girlfriend.
On Tuesday, FCMB called on the public to exercise caution as it looks into the allegations.
In a Twitter post Wednesday night however, the bank said Mrs Edun has only been appointed in acting capacity, “and that she has not been made the substantive managing director”.
A former Minister of the Federal Capital Territory (FCT), Lt Gen. Jeremiah Useni (retd), is dead.
He passed away on Thursday at the age of 82 after a protracted illness.
His death was announced in a statement issued in Jos by Gyang Bere, the Director of Press and Public Affairs to Plateau State governor, Caleb Mutfwang.
He described the of the former Minister and Quarter Master General of the Nigerian Army as a tremendous loss not only to his immediate family but also to the Nigerian Armed Forces, Plateau State, and the entire nation.
Highlighting the roles played by the late army general, Governor Mutfwang noted that he left an indelible mark on Nigeria’s security and political landscape with his tireless efforts to promote peace and security, especially in Northern Nigeria and Plateau State.
The governor prayed that god grants the family, plateau state, and the nation the strength and fortitude to bear the irreplaceable loss, and also asked for God’s divine presence to comfort and provide solace in the days ahead.
President Bola Tinubu has appointed Dr. Kayode Opeifa as the Managing Director of the Nigeria Railway Corporation (NRC).
Dr. Opeifa, a renowned transportation expert and former Lagos State Commissioner for Transportation, is celebrated for his transformative policies that redefined public transport and traffic management in one of Africa’s busiest cities.
During his tenure as Commissioner, Dr. Opeifa introduced reforms that significantly eased traffic congestion, improved public transportation systems, and laid a solid foundation for Lagos State’s rapid urban growth.
His expertise extended to the Federal Capital Territory (FCT), where he served as Transport Secretary, implementing forward-thinking policies that enhanced mobility in the nation’s capital.
In his new role, Dr. Opeifa is expected to spearhead the modernization of Nigeria’s railway network, a critical infrastructure component for the nation’s economic advancement.
Industry stakeholders have expressed optimism about his appointment, highlighting his extensive experience in transportation planning and infrastructure development as assets for implementing sustainable solutions.
“This is a timely and commendable appointment,” noted one transportation expert. “Dr. Opeifa’s deep understanding of Nigeria’s transportation challenges makes him the ideal candidate to drive meaningful reforms in the railway sector.”
The Tinubu administration’s decision underscores its commitment to appointing competent professionals to execute its Renewed Hope agenda. With Dr. Opeifa at the helm, there is growing anticipation that the NRC will achieve improved connectivity, efficiency, and broader contributions to national development.
News of the early departure of Mr Ahmad Farroukh from the telecom giant Globacom suggests that he has been eased out in a shakeup by the management, according to an investigation.
“Ahmad Farroukh failed to meet up to expectations within his probationary period and he was politely asked to resign…” said an impeccable source.
“Despite the shake-up, Globacom’s commitment to innovation and expansion continues, reinforcing its competitive edge in a rapidly evolving telecom landscape..” the source further told us.
A former CEO of MTN Nigeria from 2006 to 2010, Farroukh joined Glo in October last year.
