US EditionPublished • loading... • Updated
Alleged money laundering: Court remands ex-Skye Bank chairman Tunde Ayeni
The court ordered custody after the EFCC filed 17 money laundering counts involving about N8 billion, and the defence sought bail.
- On Monday, the Federal Capital Territory High Court in Abuja remanded former Skye Bank Chairman Tunde Ayeni to the Kuje correctional facility, with Justice Jude Onwuegbuzie ordering detention pending a bail application hearing scheduled for May 13.
- The Economic and Financial Crimes Commission charged Ayeni with 17 counts of criminal breach of trust involving approximately N8 billion, alleging he authorized illegal transfers from a Polaris Bank suspense account into linked company accounts between 2014 and 2016.
- Defense counsel Ahmed Raji, a Senior Advocate, appealed for Ayeni's release, emphasizing his client's status as a lawyer of over 35 years practice; Justice Onwuegbuzie declined to release him on trust.
- This arrest follows earlier prosecutions: Ayeni faced 2018 charges alongside Skye Bank Managing Director Timothy Oguntayo, which the EFCC withdrew in 2022 following a settlement involving asset forfeitures.
- Anti-Corruption advocates, including the Civil Society Legislative Advocacy Centre , have criticized plea bargains in corruption cases, with Executive Director Auwal Musa, also known as Rafsanjani, arguing these settlements undermine deterrence.
Insights by Ground AI
15 Articles
15 Articles
Court Remands Ex-Skye Bank Chairman Ayeni In Kuje Prison Over 8bn Fraud
The Federal Capital Territory High Court on Monday remanded the former chairman of the now-defunct Skye Bank Plc, Tunde Ayeni, in Kuje Correctional Centre, pending the determination of his bail application.…The post Court Remands Ex-Skye Bank Chairman Ayeni In Kuje Prison Over 8bn Fraud appeared first on The Liberation News Nigeria.
Coverage Details
Total News Sources15
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
