The source cited by the newspaper had said the resignation followed the allegation of not participating in the compulsory National Youth Service Corps (NYSC) and obtaining a certificate that the NYSC have disowned.
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The dual Nigerian and British national did not initially comment on the claims, leading to criticism from her opponents.
The minister, according to the report, had reportedly felt that her position is becoming untenable and is hurting President in Muhammadu Buhari in the run up to the 2019 election. "This has come as a shock to me and I believe that in line with this administration's focus on integrity, I must do the honourable thing and resign".
Adeosun was appointed by Buhari to manage the finances of Africa's biggest economy in November 2015. Her main policy was a bid to improve tax collection and crack down on mismanagement by government agencies. Nigeria, Africa's most populous nation with almost 200 million inhabitants, is scheduled to hold general elections in February, with Buhari seeking a second term.