[7] However, on 15 September 2023, she was removed from office by President Bola Tinubu alongside three other deputy governors for alleged corporate governance failures at the Central Bank of Nigeria.

Ahmad served as Chairperson of the Board for SOS Children's Villages, an independent, non-governmental, nonprofit international development organization she has volunteered for since 2017.

[16] She also served as the chairperson of the executive council of Women in Management, Business and Public Service (WIMBIZ), a Nigerian non-profit organization where she was part of the establishment in 2001.

The divestment was also coordinated with outside legal and financial advisers and approved by the leadership and boards of Polaris Bank and the purchaser, Strategic Capital Investment Limited.

[25][26] On 10 September 2023, newspapers widely reported that Ahmad was arrested by Nigeria's secret police for her role in the Polaris Bank sale.

[29][30] On 15 September 2023, few days after the arrest claims and rebuttals, Ahmad and her co-Deputy Governors, Edward Adamu, Kingsley Obiora and Folashodun Shonubi were removed from office.