A Deputy Governor of Central Bank of Nigeria, Aisha Ahmad, has been arrested by the Department of State Services (DSS).
Daily Report Nigeria reports that Ahmad, who oversees Financial System Stability is under detention following allegations of fraudulent acquisition of shares in Polaris Bank, Titan Bank, and Union Bank.
Additionally, the investigation is said to be scrutinizing the intricate details of how Titan Bank allegedly raised the sum of $300 million to finalize the acquisition of Union Bank.
The DSS is yet to release an official statement on the matter, and further details surrounding the arrest and the specific allegations against Aisha Ahmad remain in the dark.
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Earlier, the Central Bank of Nigeria sacked all boards of the aforementioned banks and ordered subsequent investigations to unravel their role in the alleged fraudulent processes.
The apex bank further appointed Executive Directors to oversee the banks pending the outcome of the investigation.
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