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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.

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