CBN Finance Director, Fakule arrested by DSS during retirement party

The outgoing Finance Director at the Central Bank of Nigeria (CBN) Benjamin Fakunle, has been arrested and detained by the Department of State Service (DSS).

Checks revealed that the Secret Service arrested him to understand his role in the recently published seven-year audited accounts of the CBN which is being alleged to have not followed stipulated accounting and reporting guidelines.

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

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

Fakunle, according finding, is being interrogated 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.

Facebook Comments Box
Copyright 2024 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.
 

For Adverts and News/Event Coverage, contact 08061346946, 07030849251. Or email info@royalnews.com.ng

Download ROYAL NEWS app

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

spot_img

Latest News

More like this
Related

AHUON funds are trapped with NAHCON, CBN— President

...As NAHCON refutes allegations The Association for Hajj and Umrah...

Breaking… Tinubu proceeds on 2-weeks vacation

President Bola Ahmed Tinubu will depart Abuja today for...

Mutombo dies of brain cancer at 58

NBA Hall of Famer Dikembe Mutombo has died from...

Constitution review: Senators agree on LG autonomy, differ on state Police

Senators have unanimously agreed to include full autonomy for...

NNPC/Seplat JV’s “Eye Can See” Programme Restores Vision, Hope in Imo

The NNPC Ltd/ Seplat Energy Joint Venture (JV) partnership...

Emir Sulu-Gambari rejoices with Yunus AbdulSalam on attainment of SAN at 38

The Emir of Ilorin and Chairman Kwara State...

Minister speaks at ATACA annual Seminar, seeks effective hanerssing of transport systems

  The Minister of Transportation, Sen. Said Alkali, has called...

Kwara community congratulates new Ifelodun LG Chair, Femi Yusuf on election victory

The Chairman of the Oke-Ode Community Development Association, Alhaji...

Tourism promotes preservation of history and fosters community engagement– Hajia Sagaya

The Nigeria Association of Tour Operators (NATOP), has reiterated...

Nigeria @64: CP Olaiya assures Kwarans of adequate security

As we celebrate our nation’s 64th Independence, the Commissioner...

AbdulRazaq pledges more support for SMEs

Gov. AbdulRahman AbdulRazaq of Kwara has assured that his...

Obamacare defeats Donald Trump

President Donald Trump’s obsessive bid to overhaul or outrightly...

Jewish community hosts Ramadan breakfast for Muslim, Christian leaders in Abuja

The Jewish Community of Nigeria, on Monday hosted...

JUST IN…Bayero University Vice Chancellorship contestant withdraws

A contestant in the race for Bayero University Kano,...

SAD….. Another shocking death hits Kwara govt

A senior Director in the Kwara State Civil Service,...

UPDATE: Kidnappers demand N5m ransom to free Ondo monarch

Abductors of the Oniyani of Iyani-Akoko in Ondo...

Kidnapping: Kwara CP engages residents

The Commissioner of Police in Kwara, Mr Paul Odama,...

BREAKING: Ogun APC chairman dies 79

The chairman of the All Progressives Congress (APC) in...

Beware of fake Prophets, Clerics tell xtians

The Cherubim and Seraphim Church, Ifesowapo Ologodidan Sub-headquarters in...

Aviation, 9 other ministries make presentations at 29th virtual FEC

President Muhammadu Buhari is currently presiding over the 29th...