DSS arrests and grills CBN deputy governor Aisha Ahmad over alleged N236.6bn ($300m) fraud

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The Department of State Services (DSS) has arrested the Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Financial System Stability, Aisha Ahmad.

According to NTA, Ms Ahmad was reportedly arrested over her “alleged fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank.”

“The CBN Deputy Governor is currently being interrogated on how $300 million to complete the acquisition of Union Bank was raised by Titan Bank,” NTA reported on its X handle.

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Details of the arrest are still sketchy. Neither the CBN nor the DSS have spoken officially about the arrest which was first reported late Saturday.

Ahmed’s former boss at the CBN, Godwin Emefiele, is still in the DSS custody, over two months after he was arrested. Emefiele, the suspended Governor of the CBN was first charged with possession of a firearm but was later charged with N6.9 billion fraud.

This report is developing, more details will be shared on the Intel Region WhatsApp group as soon as possible.

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