DSS arrests former Central Bank Deputy Governor, Aisha Ahmad for alleged fraud

A former Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad has been reportedly arrested and currently detained by the Department of State Services (DSS) over alleged fraudulent acquisition of Polaris Bank and Titan Bank.

According to reports, Mrs Ahmad was accused of unlawfully acquiring shares at Polaris Bank and Titan Bank as well as allegedly involving in raising $300million for the Titan Bank to acquire Union Bank.

When contacted by SaharaReporters, the spokesperson for the Department of State Services (DSS), Peter Afunanya, declined to give a reaction to the alleged arrest of Aisha Ahmad by the security operatives.

“I don’t have any comments in this regard pls,” he told SaharaReporters.

This would be the second time the secret police would be arresting Mrs Aisha Ahmad on the matter. Her first arrest was reported by SaharaReporters in September 2023.

SaharaReporters had reported on Wednesday how the Central Bank of Nigeria dissolved the board and management of Titan Trust Bank and three others.

This followed a report submitted to President Bola Tinubu by the Special Investigator on the Central Bank of Nigeria (CBN) and Related Entities, Jim Obazee. The others affected are Union Bank, Polaris Bank and Keystone Bank.

Aisha Ahmad had also been allegedly involved in the fradulent transactions that connected with the failed naira-swap policy under the reign of Godwin Emefiele.

Other top CBN officials who were allegedly involved in these fraud dealings are Folashodun Adebisi Shonubi, Adamu Lamtek and Kingsley Obiora.