Aisha Ahmad, the Deputy Governor of the Central Bank of Nigeria (CBN) responsible for Financial System Stability, has been arrested and detained by the Department of State Services (DSS).
She is accused of fraudulently acquiring shares in Polaris Bank, Titan Bank/Union Bank, according to NTA on its X, formerly Twitter handle.
She is also being questioned on how Titan Bank raised $300 million to complete the purchase of Union Bank.
Ahmad was appointed as Deputy Governor of the CBN in October 2017 and confirmed by the Senate in March 2018.
She was allegedly involved in facilitating the sale of Polaris Bank at a low price in order to secure her chances of becoming the next CBN Governor, as reported by the Peoples Gazette in December 2022.
The CBN denied these allegations and stated that the sale of Polaris Bank was a transparent and institutional decision that was supervised and approved by relevant authorities and advisers.
The CBN also claimed that no other bidder offered a higher price for Polaris Bank than Strategic Capital Investment Limited, the buyer.