The Department of State Services has arrested and detained the Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad.
Her arrest was in connection with alleged fraudulent acquisition of shares in Polaris Bank, Titan Bank/Union Bank.
A report by the Nigerian Television Authority Saturday night said the CBN deputy governor was being interrogated on how $300 million to complete the acquisition of Union Bank was raised by Titan Bank.
Ahmad was appointed Deputy CBN governor on 6 October 2017, replacing Sarah Alade, who retired in March 2017. She was confirmed by the Nigerian Senate on 22 March 2018.
