The Department of State Services (DSS) has interrogated a Deputy Governor of the Central Bank of Nigeria (CBN), Aisha Ahmad.

Ahmad, who is in charge of Financial System Stability, was reportedly invited over her alleged "fraudulent acquisition of shares in Titan Bank/Union Bank and Polaris Bank.”

Details of the reported arrest are still sketchy.

Ahmad was appointed Deputy CBN governor on October 6, 2017, replacing Sarah Alade, who retired in March 2017. She was confirmed by the Nigerian Senate on March 22, 2018.

The Nigerian Television Authority (NTA) reported in a now-deleted tweet: “The CBN Deputy Governor is currently being interrogated on how $300 million to complete the acquisition of Union Bank was raised by Titan Bank."

Premium Times also reported on the development on Sunday, September 10. Neither the CBN nor the DSS have spoken officially about the arrest which was first reported late Saturday, September 9.