Africa
Insidebusines
THE outgoing Finance Director of Nigeria’s Central Bank, Benjamin. A. Fakunle has been arrested and detained by the Department of State Service (DSS) over his role in the seven-year audited accounts of the apex bank alleged to have been fraudulently prepared.
Fakunle who retired from the apex bank about two days ago is the latest on the list of officials of the bank who have been arrested and interrogated in connection with the misconduct at the CBN which Jim Obazee, the Special Investigator appointed by President Bola Tinubu is investigating for cleansing.
Findings by InsideBusinessNG show that the outgoing Finance Director was arrested by the operatives of the DSS at the post-retirement party being held in his honour. He was quizzed on Wednesday and has since been in detention.
As the apex bank’s Finance Director, Fakunle is the Process Owner and is saddled with the responsibility of overseeing the finance department of the bank. Process Owner in accounting parlance means that he is also in charge of the audited accounts and their preparation. His position is to supervise the processes, following accounting best practices and in line with the enabling act of the institution. He also liaises with the auditors of the bank.
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September 15, 2023 @ 20:00 GMT|
Tags: Benjamin. A. Fakunle
