DSS Arrests CBN’s Finance Director

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Operatives of the Department of State Services, DSS, have arrested Mr. Benjamin Fakunle, the outgoing finance director of the Central Bank of Nigeria, CBN.

He was reportedly arrested to find out his role in the recently published seven-year audited accounts of the CBN, which allegedly did not follow stipulated accounting and reporting guidelines.

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Fakunle, who just retired, is one among many officials of the apex bank who have been arrested and interrogated as Jim Obazee, the Special Investigator appointed by President Bola Tinubu continues the investigation of CBN.

Fakunle was said to have been arrested on Wednesday at his retirement party in Abuja and has since been in detention.

Reports indicated that the former CBN Director is being questioned on why and how the accounting guidelines, which allegedly deviated from the provisions of the International Financial Reporting Standards (IFRS), was used to prepare the published accounts of the CBN.

He would also be required to explain why some alleged N401 million was paid for the document as against the rules laid down by the Financial Reporting Council of Nigeria.

It would be recalled that President Tinubu last July appointed Jim Obazee to lead a special panel to investigate the CBN following arrest and prosecution of former CBN Governor, Godwin Emefiele, for alleged financial infractions.

Consequently, many top CBN guns have been arrested for interrogation.

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