Former Deputy Gov. CBN, Aisha Ahmad arrested & detained by DSS over fraudulent acquisition of Union & Polaris bank shares
The Department of State Services (DSS) has reportedly arrested and detained former Central Bank of Nigeria (CBN) Deputy Governor Aisha Ahmad over alleged financial crimes.
According to reports, the secret police accused Mrs. Ahmad of unlawfully acquiring shares in Polaris and Titan Banks. She also allegedly raised $300 million for Titan Bank to acquire Union Bank shares.
When contacted, DSS spokesperson Peter Afunanya declined to comment on Mrs. Ahmad’s arrest. However, this would be her second arrest by the DSS over the same allegations.
In September 2023, SaharaReporters first revealed her detention regarding suspicions around the CBN dissolution of Titan Trust Bank’s board. Three other banks – Union Bank, Polaris Bank and Keystone Bank – also underwent a similar dissolution based on a probe report submitted to President Bola Tinubu.
The report implicated Mrs. Ahmad in fraudulent transactions linked to the failed CBN naira swap policy under ex-Governor Godwin Emefiele. Her alleged bank acquisition schemes also connects with a separate $300 million Afreximbank investigation.
Mrs. Ahmad is reportedly being probed for the questionable deals along with other top CBN officials. The DSS is yet to charge the former deputy governor amid an ongoing investigation.
